Inspire Investing LLC Lowers Stake in United Bankshares, Inc. $UBSI

Inspire Investing LLC reduced its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 7.0% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,922 shares of the financial services provider’s stock after selling 744 shares during the quarter. Inspire Investing LLC’s holdings in United Bankshares were worth $344,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the company. Earnest Partners LLC boosted its stake in shares of United Bankshares by 0.4% during the 1st quarter. Earnest Partners LLC now owns 4,214,634 shares of the financial services provider’s stock worth $146,121,000 after acquiring an additional 15,498 shares in the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Bankshares by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,733,488 shares of the financial services provider’s stock worth $60,100,000 after purchasing an additional 22,900 shares during the last quarter. Invesco Ltd. raised its position in shares of United Bankshares by 8.9% during the 1st quarter. Invesco Ltd. now owns 980,553 shares of the financial services provider’s stock worth $33,996,000 after purchasing an additional 80,176 shares during the last quarter. Nuveen LLC acquired a new position in shares of United Bankshares during the 1st quarter worth about $28,526,000. Finally, Rhumbline Advisers raised its position in shares of United Bankshares by 0.8% during the 1st quarter. Rhumbline Advisers now owns 458,823 shares of the financial services provider’s stock worth $15,907,000 after purchasing an additional 3,666 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBSI has been the subject of several research analyst reports. Wall Street Zen downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. Zacks Research upgraded shares of United Bankshares to a “hold” rating in a research report on Friday, August 8th. Four investment analysts have rated the stock with a Hold rating, According to MarketBeat.com, United Bankshares has a consensus rating of “Hold” and a consensus target price of $40.50.

United Bankshares Stock Down 0.8%

Shares of NASDAQ UBSI opened at $36.84 on Wednesday. The company has a 50 day simple moving average of $37.22 and a 200-day simple moving average of $35.88. The company has a market capitalization of $5.22 billion, a P/E ratio of 13.02 and a beta of 0.82. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. United Bankshares, Inc. has a 1 year low of $30.50 and a 1 year high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $306.00 million during the quarter, compared to the consensus estimate of $297.98 million. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. During the same quarter last year, the firm earned $0.71 EPS. On average, equities research analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Stockholders of record on Friday, September 12th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, September 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.0%. United Bankshares’s dividend payout ratio (DPR) is currently 52.30%.

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.