13,100 Shares in United Bankshares, Inc. $UBSI Acquired by iSAM Funds UK Ltd

iSAM Funds UK Ltd acquired a new stake in United Bankshares, Inc. (NASDAQ:UBSI) in the 2nd quarter, according to its most recent disclosure with the SEC. The fund acquired 13,100 shares of the financial services provider’s stock, valued at approximately $600,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBSI. Inspire Investing LLC grew its holdings in shares of United Bankshares by 2.0% during the 1st quarter. Inspire Investing LLC now owns 12,389 shares of the financial services provider’s stock worth $513,000 after purchasing an additional 245 shares in the last quarter. EverSource Wealth Advisors LLC raised its stake in United Bankshares by 24.3% in the fourth quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 292 shares in the last quarter. Root Financial Partners LLC raised its stake in United Bankshares by 64.4% in the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 308 shares in the last quarter. Rothschild Investment LLC lifted its position in United Bankshares by 47.5% during the fourth quarter. Rothschild Investment LLC now owns 1,236 shares of the financial services provider’s stock worth $47,000 after purchasing an additional 398 shares during the period. Finally, Empowered Funds LLC lifted its position in United Bankshares by 8.1% during the first quarter. Empowered Funds LLC now owns 5,336 shares of the financial services provider’s stock worth $221,000 after purchasing an additional 402 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “buy (b)” rating on shares of United Bankshares in a research note on Monday, July 6th. Hovde Group boosted their target price on shares of United Bankshares from $49.00 to $50.00 and gave the company a “market perform” rating in a research report on Friday, July 24th. Wall Street Zen raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Keefe, Bruyette & Woods increased their price target on shares of United Bankshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Finally, Raymond James Financial lifted their price objective on shares of United Bankshares from $49.00 to $50.00 and gave the company an “outperform” rating in a research note on Wednesday, July 1st. Three analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $47.80.

United Bankshares Price Performance

Shares of UBSI opened at $47.30 on Thursday. The business has a 50-day simple moving average of $47.50 and a two-hundred day simple moving average of $44.43. The stock has a market cap of $6.44 billion, a PE ratio of 12.89 and a beta of 0.70. United Bankshares, Inc. has a 12-month low of $34.10 and a 12-month high of $49.62. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, topping the consensus estimate of $0.89 by $0.06. The company had revenue of $323.82 million for the quarter, compared to analysts’ expectations of $320.07 million. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. During the same quarter in the previous year, the firm posted $0.85 earnings per share. Analysts anticipate that United Bankshares, Inc. will post 3.71 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be paid a $0.38 dividend. The ex-dividend date of this dividend is Friday, September 11th. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. United Bankshares’s dividend payout ratio is presently 41.42%.

Insider Activity

In other news, Director Mark R. Nesselroad sold 3,200 shares of the firm’s stock in a transaction dated Tuesday, September 1st. The stock was sold at an average price of $46.42, for a total transaction of $148,544.00. Following the completion of the transaction, the director directly owned 32,224 shares in the company, valued at $1,495,838.08. This trade represents a 9.03% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 3.16% of the stock is owned by company insiders.

United Bankshares Company 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.