United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP raised its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 12.5% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 15,406 shares of the financial services provider’s stock after purchasing an additional 1,716 shares during the period. Advantage Alpha Capital Partners LP’s holdings in United Bankshares were worth $578,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Jane Street Group LLC increased its stake in United Bankshares by 27.2% during the 3rd quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock valued at $5,991,000 after buying an additional 34,526 shares during the period. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Bankshares by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock valued at $62,070,000 after acquiring an additional 83,503 shares in the last quarter. BNP Paribas Financial Markets increased its stake in shares of United Bankshares by 73.1% during the third quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 21,520 shares during the period. Daiwa Securities Group Inc. increased its stake in shares of United Bankshares by 3.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 427 shares during the period. Finally, JPMorgan Chase & Co. lifted its position in United Bankshares by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock worth $22,068,000 after purchasing an additional 52,949 shares during the period. Institutional investors own 70.80% of the company’s stock.

United Bankshares Trading Up 2.7 %

NASDAQ:UBSI opened at $35.30 on Tuesday. The stock has a fifty day simple moving average of $36.86 and a 200 day simple moving average of $38.07. The firm has a market capitalization of $5.06 billion, a price-to-earnings ratio of 12.88 and a beta of 0.98. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same period in the prior year, the company earned $0.59 EPS. Sell-side analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.19%. United Bankshares’s payout ratio is currently 54.01%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Keefe, Bruyette & Woods lowered their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and set a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. StockNews.com downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Finally, Piper Sandler reaffirmed a “neutral” rating and issued a $38.50 price objective on shares of United Bankshares in a research note on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $41.88.

Insider Transactions at United Bankshares

In other United Bankshares news, Director Sara Dumond acquired 2,600 shares of United Bankshares stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $35.01 per share, with a total value of $91,026.00. Following the purchase, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. The trade was a 105.95 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. 3.66% of the stock is currently owned by insiders.

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.