Wealthcare Advisory Partners LLC Raises Position in United Bankshares, Inc. (NASDAQ:UBSI)

Wealthcare Advisory Partners LLC lifted its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 2.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 57,278 shares of the financial services provider’s stock after purchasing an additional 1,256 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in United Bankshares were worth $2,050,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of UBSI. Fifth Third Bancorp boosted its stake in United Bankshares by 206.0% during the fourth quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider’s stock worth $37,000 after buying an additional 657 shares during the period. Hexagon Capital Partners LLC boosted its stake in shares of United Bankshares by 449.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,345 shares of the financial services provider’s stock worth $51,000 after purchasing an additional 1,100 shares during the period. Kapitalo Investimentos Ltda bought a new position in United Bankshares during the 4th quarter valued at about $58,000. Anchor Investment Management LLC purchased a new stake in shares of United Bankshares in the fourth quarter worth approximately $95,000. Finally, Principal Securities Inc. bought a new stake in shares of United Bankshares during the 4th quarter worth approximately $141,000. Institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Up 0.4 %

Shares of UBSI stock traded up $0.14 on Thursday, hitting $31.71. The stock had a trading volume of 26,817 shares, compared to its average volume of 507,946. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.36. The company has a market cap of $4.29 billion, a PE ratio of 12.05 and a beta of 0.99. The business has a 50 day moving average price of $32.87 and a 200 day moving average price of $34.58. United Bankshares, Inc. has a one year low of $25.35 and a one year high of $38.74.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $401.39 million during the quarter, compared to analysts’ expectations of $256.80 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. During the same period in the previous year, the company posted $0.74 EPS. Research analysts anticipate that United Bankshares, Inc. will post 2.62 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, July 1st. Investors of record on Friday, June 14th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, June 14th. This represents a $1.48 dividend on an annualized basis and a yield of 4.67%. United Bankshares’s payout ratio is 56.49%.

Analysts Set New Price Targets

Several equities analysts have commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $38.00 price objective on shares of United Bankshares in a research report on Monday, June 17th. Stephens reduced their target price on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, United Bankshares currently has a consensus rating of “Hold” and a consensus price target of $37.00.

United Bankshares 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.