Dover Advisors LLC Trims Stock Holdings in United Bankshares, Inc. $UBSI

Dover Advisors LLC decreased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 18.5% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 70,093 shares of the financial services provider’s stock after selling 15,959 shares during the quarter. United Bankshares comprises approximately 1.1% of Dover Advisors LLC’s portfolio, making the stock its 24th biggest holding. Dover Advisors LLC’s holdings in United Bankshares were worth $2,635,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in the stock. Hantz Financial Services Inc. raised its stake in shares of United Bankshares by 261.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 749 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 542 shares during the period. Bogart Wealth LLC boosted its stake in United Bankshares by 655.4% in the 3rd quarter. Bogart Wealth LLC now owns 763 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 662 shares during the period. Rothschild Investment LLC grew its holdings in United Bankshares by 174.8% during the 3rd quarter. Rothschild Investment LLC now owns 838 shares of the financial services provider’s stock valued at $31,000 after buying an additional 533 shares in the last quarter. EverSource Wealth Advisors LLC increased its position in shares of United Bankshares by 528.3% during the second quarter. EverSource Wealth Advisors LLC now owns 1,175 shares of the financial services provider’s stock valued at $43,000 after buying an additional 988 shares during the period. Finally, Allworth Financial LP increased its position in shares of United Bankshares by 394.1% during the second quarter. Allworth Financial LP now owns 1,265 shares of the financial services provider’s stock valued at $46,000 after buying an additional 1,009 shares during the period. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Performance

United Bankshares stock opened at $44.28 on Friday. United Bankshares, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $45.92. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99. The stock has a market cap of $6.22 billion, a P/E ratio of 13.54 and a beta of 0.78. The firm’s fifty day moving average price is $41.49 and its 200-day moving average price is $38.61.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.05. United Bankshares had a return on equity of 8.60% and a net margin of 25.51%.The business had revenue of $430.85 million for the quarter, compared to analysts’ expectations of $315.50 million. During the same quarter in the prior year, the firm earned $0.69 earnings per share. On average, equities research analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

UBSI has been the subject of a number of analyst reports. Piper Sandler restated an “overweight” rating and issued a $47.00 price objective on shares of United Bankshares in a research report on Monday, January 26th. Keefe, Bruyette & Woods raised their price target on shares of United Bankshares from $40.00 to $43.00 and gave the company a “market perform” rating in a report on Monday, January 26th. Stephens upped their price target on shares of United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Zacks Research upgraded United Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Monday, February 2nd. Finally, Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. One investment analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.67.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.