Signaturefd LLC Purchases 958 Shares of United Bankshares, Inc. $UBSI

Signaturefd LLC raised its position in United Bankshares, Inc. (NASDAQ:UBSI) by 2,281.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,000 shares of the financial services provider’s stock after purchasing an additional 958 shares during the quarter. Signaturefd LLC’s holdings in United Bankshares were worth $36,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Crown Wealth Group LLC bought a new position in United Bankshares in the 2nd quarter valued at approximately $1,203,000. Wealth Enhancement Advisory Services LLC increased its position in United Bankshares by 60.3% in the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 36,989 shares of the financial services provider’s stock valued at $1,421,000 after acquiring an additional 13,921 shares during the period. Goldstone Financial Group LLC raised its stake in shares of United Bankshares by 19.7% during the second quarter. Goldstone Financial Group LLC now owns 10,788 shares of the financial services provider’s stock valued at $414,000 after acquiring an additional 1,776 shares during the last quarter. Strs Ohio bought a new position in shares of United Bankshares during the first quarter valued at $1,047,000. Finally, Intech Investment Management LLC lifted its holdings in shares of United Bankshares by 20.8% during the first quarter. Intech Investment Management LLC now owns 61,971 shares of the financial services provider’s stock worth $2,149,000 after purchasing an additional 10,668 shares during the period. 70.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Zacks Research upgraded United Bankshares to a “hold” rating in a report on Friday, August 8th. Weiss Ratings reissued a “buy (b-)” rating on shares of United Bankshares in a research note on Saturday, September 27th. One research analyst has rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, United Bankshares has an average rating of “Hold” and an average target price of $40.50.

United Bankshares Trading Up 1.0%

NASDAQ UBSI opened at $37.58 on Tuesday. The stock has a market capitalization of $5.32 billion, a P/E ratio of 13.28 and a beta of 0.76. The business has a 50 day simple moving average of $37.24 and a 200 day simple moving average of $36.13. 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 one year low of $30.50 and a one year high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.77 by $0.08. The company 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 posted $0.71 EPS. Research analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, September 12th. United Bankshares’s payout ratio is 52.30%.

About United Bankshares

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.