BIP Wealth LLC Invests $718,000 in United Bankshares, Inc. $UBSI

BIP Wealth LLC purchased a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 18,690 shares of the financial services provider’s stock, valued at approximately $718,000.

Several other large investors also recently made changes to their positions in the stock. NTV Asset Management LLC boosted its stake in shares of United Bankshares by 35.5% during the 4th quarter. NTV Asset Management LLC now owns 172,025 shares of the financial services provider’s stock worth $6,606,000 after acquiring an additional 45,100 shares in the last quarter. Exchange Traded Concepts LLC acquired a new position in shares of United Bankshares during the 4th quarter worth about $91,000. Accurate Wealth Management LLC acquired a new position in shares of United Bankshares during the 4th quarter worth about $232,000. SG Americas Securities LLC lifted its position in shares of United Bankshares by 168.3% during the 4th quarter. SG Americas Securities LLC now owns 56,866 shares of the financial services provider’s stock worth $2,184,000 after purchasing an additional 35,673 shares during the last quarter. Finally, Wealth Enhancement Advisory Services LLC lifted its position in shares of United Bankshares by 18.2% during the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 40,957 shares of the financial services provider’s stock worth $1,612,000 after purchasing an additional 6,300 shares during the last quarter. Institutional investors own 70.80% of the company’s stock.

United Bankshares Trading Up 2.8%

United Bankshares stock opened at $43.58 on Thursday. The business has a 50 day moving average price of $42.03 and a two-hundred day moving average price of $39.40. The company has a quick ratio of 0.98, a current ratio of 0.99 and a debt-to-equity ratio of 0.10. The stock has a market cap of $6.09 billion, a price-to-earnings ratio of 13.33 and a beta of 0.73. United Bankshares, Inc. has a 12 month low of $30.64 and a 12 month high of $45.92.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, beating the consensus estimate of $0.86 by $0.05. The firm had revenue of $430.85 million during the quarter, compared to analysts’ expectations of $315.50 million. United Bankshares had a return on equity of 8.60% and a net margin of 25.51%.During the same quarter in the prior year, the firm posted $0.69 EPS. As a group, equities analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a $0.38 dividend. The ex-dividend date of this dividend was Friday, March 13th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.5%. United Bankshares’s dividend payout ratio is presently 46.48%.

Wall Street Analyst Weigh In

UBSI has been the subject of several research analyst reports. Weiss Ratings raised United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Keefe, Bruyette & Woods boosted their price objective on United Bankshares from $40.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, January 26th. Stephens boosted their price objective on United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Zacks Research cut United Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Thursday, March 26th. Finally, Piper Sandler reissued an “overweight” rating and set a $47.00 price objective on shares of United Bankshares in a research report on Monday, January 26th. Two research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $44.67.

United Bankshares 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.