United Bankshares, Inc. (NASDAQ:UBSI) Stake Lessened by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC decreased its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 3.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 206,192 shares of the financial services provider’s stock after selling 7,046 shares during the period. Segall Bryant & Hamill LLC owned 0.15% of United Bankshares worth $7,743,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Integrated Investment Consultants LLC boosted its position in shares of United Bankshares by 2.2% during the 4th quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider’s stock valued at $471,000 after purchasing an additional 270 shares in the last quarter. Principal Securities Inc. lifted its stake in United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock valued at $117,000 after purchasing an additional 285 shares during the last quarter. Arizona State Retirement System boosted its holdings in United Bankshares by 0.8% during the fourth quarter. Arizona State Retirement System now owns 39,225 shares of the financial services provider’s stock worth $1,473,000 after buying an additional 296 shares in the last quarter. Jones Financial Companies Lllp grew its position in United Bankshares by 55.8% in the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock worth $33,000 after buying an additional 310 shares during the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of United Bankshares by 1.7% in the third quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider’s stock valued at $730,000 after buying an additional 332 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Bankshares

In related news, Director Sara Dumond acquired 2,600 shares of the stock in a transaction dated Monday, March 24th. The shares were bought at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the purchase, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. This trade represents a 105.95 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

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

United Bankshares Stock Down 0.1 %

UBSI stock opened at $35.04 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.02 billion, a PE ratio of 12.79 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 fifty day simple moving average of $36.75 and a 200 day simple moving average of $38.04.

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

United Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 4.22%. United Bankshares’s dividend payout ratio is 54.01%.

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.