Cerity Partners LLC Purchases 346 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Cerity Partners LLC boosted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 0.8% during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 42,211 shares of the financial services provider’s stock after acquiring an additional 346 shares during the period. Cerity Partners LLC’s holdings in United Bankshares were worth $1,463,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBSI. Tower Research Capital LLC TRC increased its holdings in shares of United Bankshares by 2.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider’s stock worth $467,000 after buying an additional 327 shares in the last quarter. Teacher Retirement System of Texas grew its position in United Bankshares by 1.8% during the 1st quarter. Teacher Retirement System of Texas now owns 20,813 shares of the financial services provider’s stock worth $722,000 after acquiring an additional 371 shares during the last quarter. Nomura Asset Management Co. Ltd. grew its position in United Bankshares by 37.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 400 shares during the last quarter. Captrust Financial Advisors lifted its holdings in United Bankshares by 0.7% during the 4th quarter. Captrust Financial Advisors now owns 73,655 shares of the financial services provider’s stock worth $2,766,000 after buying an additional 510 shares in the last quarter. Finally, Fifth Third Bancorp boosted its position in United Bankshares by 44.4% in the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider’s stock valued at $59,000 after buying an additional 522 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Stock Performance

UBSI stock opened at $37.15 on Tuesday. The business’s fifty day moving average is $36.64 and its 200-day moving average is $36.01. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. The company has a market cap of $5.28 billion, a P/E ratio of 13.81 and a beta of 0.76. United Bankshares, Inc. has a twelve month low of $30.51 and a twelve month high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07). The company had revenue of $289.61 million during the quarter, compared to the consensus estimate of $279.02 million. United Bankshares had a net margin of 22.35% and a return on equity of 7.36%. United Bankshares’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. Equities research analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, June 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.98%. United Bankshares’s dividend payout ratio is 55.02%.

Analysts Set New Price Targets

A number of research analysts have commented on the company. Keefe, Bruyette & Woods decreased their price objective on United Bankshares from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Wall Street Zen lowered United Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $40.63.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.