Advantage Alpha Capital Partners LP Buys 3,952 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Advantage Alpha Capital Partners LP raised its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 40.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,690 shares of the financial services provider’s stock after acquiring an additional 3,952 shares during the period. Advantage Alpha Capital Partners LP’s holdings in United Bankshares were worth $508,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Inspire Investing LLC grew its holdings in shares of United Bankshares by 2.7% in the 3rd quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 291 shares during the last quarter. Envestnet Portfolio Solutions Inc. grew its stake in United Bankshares by 5.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,587 shares of the financial services provider’s stock worth $214,000 after buying an additional 350 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in 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 worth $457,000 after buying an additional 427 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in shares of United Bankshares by 4.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the financial services provider’s stock worth $401,000 after buying an additional 479 shares in the last quarter. Finally, GAMMA Investing LLC raised its stake in shares of United Bankshares by 34.6% in the third quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 534 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other United Bankshares news, Director Peter A. Converse sold 5,000 shares of the company’s stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now directly owns 434,769 shares in the company, valued at approximately $17,390,760. This represents a 1.14 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus target price of $40.25.

United Bankshares Price Performance

UBSI opened at $42.87 on Wednesday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The stock has a market capitalization of $5.80 billion, a P/E ratio of 16.24 and a beta of 0.98. The company’s 50 day simple moving average is $38.57 and its 200-day simple moving average is $36.13. United Bankshares, Inc. has a one year low of $30.68 and a one year high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $414.67 million for the quarter, compared to analyst estimates of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period last year, the company earned $0.71 EPS. Sell-side analysts anticipate that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s dividend payout ratio is 56.06%.

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.