United Bankshares, Inc. (NASDAQ:UBSI) Director Sara Dumond Buys 2,600 Shares of Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director Sara Dumond bought 2,600 shares of United Bankshares stock in a transaction that occurred on Monday, March 24th. The shares were bought at an average cost of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares in the company, valued at $176,940.54. This trade represents a 105.95 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

United Bankshares Stock Up 2.7 %

Shares of UBSI opened at $35.30 on Tuesday. The stock’s 50-day moving average price is $36.86 and its two-hundred day moving average price is $38.07. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43. The company has a market capitalization of $5.06 billion, a PE ratio of 12.88 and a beta of 0.98. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data 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 quarter in the previous year, the firm earned $0.59 earnings per share. On average, analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

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

Wall Street Analysts Forecast Growth

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

Hedge Funds Weigh In On United Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in UBSI. Wealth Enhancement Advisory Services LLC raised its holdings in shares of United Bankshares by 89.6% in the 4th quarter. Wealth Enhancement Advisory Services LLC now owns 21,958 shares of the financial services provider’s stock worth $825,000 after acquiring an additional 10,377 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in shares of United Bankshares in the fourth quarter worth approximately $96,000. GTS Securities LLC bought a new position in shares of United Bankshares in the fourth quarter valued at approximately $317,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of United Bankshares by 52.0% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 381,062 shares of the financial services provider’s stock valued at $14,309,000 after buying an additional 130,444 shares during the last quarter. Finally, Systematic Financial Management LP grew its holdings in United Bankshares by 2.2% during the fourth quarter. Systematic Financial Management LP now owns 399,732 shares of the financial services provider’s stock worth $15,010,000 after buying an additional 8,704 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

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.