Vanguard Group Inc. Lowers Holdings in United Bankshares, Inc. $UBSI

Vanguard Group Inc. trimmed its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 1.2% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 14,542,040 shares of the financial services provider’s stock after selling 173,012 shares during the period. Vanguard Group Inc. owned about 0.10% of United Bankshares worth $558,414,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. Ritholtz Wealth Management increased its holdings in United Bankshares by 2.6% in the 4th quarter. Ritholtz Wealth Management now owns 9,216 shares of the financial services provider’s stock worth $354,000 after buying an additional 237 shares in the last quarter. Jones Financial Companies Lllp grew its stake in shares of United Bankshares by 2.9% during the 3rd quarter. Jones Financial Companies Lllp now owns 12,266 shares of the financial services provider’s stock valued at $458,000 after purchasing an additional 343 shares during the period. Mitsubishi UFJ Trust & Banking Corp grew its stake in shares of United Bankshares by 14.9% during the 3rd quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,699 shares of the financial services provider’s stock valued at $100,000 after purchasing an additional 351 shares during the period. Braun Bostich & Associates Inc. grew its stake in shares of United Bankshares by 4.4% during the 3rd quarter. Braun Bostich & Associates Inc. now owns 9,256 shares of the financial services provider’s stock valued at $344,000 after purchasing an additional 387 shares during the period. Finally, Rothschild Investment LLC grew its stake in shares of 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 purchasing an additional 533 shares during the period. 70.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have issued reports on UBSI shares. Raymond James Financial restated an “outperform” rating and set a $49.00 price target on shares of United Bankshares in a research note on Monday, April 27th. Piper Sandler restated an “overweight” rating and set a $47.00 price target on shares of United Bankshares in a research note on Monday, January 26th. Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, February 13th. Stephens boosted their price target on United Bankshares from $40.00 to $44.00 and gave the company an “equal weight” rating in a research note on Friday, January 23rd. Finally, Zacks Research downgraded United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the company’s stock. According to MarketBeat, United Bankshares has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

United Bankshares Stock Down 1.4%

NASDAQ UBSI opened at $43.07 on Tuesday. The stock’s 50 day moving average is $41.95 and its 200 day moving average is $40.19. The company has a current ratio of 0.99, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. United Bankshares, Inc. has a 12 month low of $34.10 and a 12 month high of $45.92. The stock has a market cap of $6.02 billion, a PE ratio of 12.06 and a beta of 0.72.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $318.14 million for the quarter, compared to analysts’ expectations of $315.15 million. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.During the same period in the prior year, the firm earned $0.59 EPS. Research analysts predict that United Bankshares, Inc. will post 3.64 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 1st. Stockholders of record on Friday, March 13th were issued a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, March 13th. United Bankshares’s dividend payout ratio is 42.58%.

About United Bankshares

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.