United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were acquired at an average cost of $35.01 per share, with a total value of $91,026.00. Following the completion of the transaction, the director now owns 5,054 shares in the company, valued at approximately $176,940.54. The trade was a 105.95 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
United Bankshares Price Performance
Shares of NASDAQ:UBSI opened at $35.30 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The stock has a market cap of $5.06 billion, a PE ratio of 12.88 and a beta of 0.98. The company's fifty day moving average is $36.86 and its 200 day moving average is $38.07. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $44.43.
United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) 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 period in the previous year, the business earned $0.59 EPS. Research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current year.
United Bankshares Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend 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 research analysts have recently commented on UBSI shares. Piper Sandler reaffirmed a "neutral" rating and set a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods cut their target price on shares of United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a research report on Monday, January 27th. StockNews.com downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. Finally, Stephens restated an "equal weight" rating and set a $43.00 price target on shares of United Bankshares in a research note on Monday, January 27th. One analyst has rated the stock with a sell rating and four have given a hold rating to the company. According to MarketBeat, the stock has an average rating of "Hold" and a consensus price target of $41.88.
Check Out Our Latest Analysis on United Bankshares
Hedge Funds Weigh In On United Bankshares
A number of institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new stake in United Bankshares during the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp lifted its stake in shares of United Bankshares by 55.8% in the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB boosted its position in shares of United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,364 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in United Bankshares by 37.0% in the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock worth $56,000 after purchasing an additional 400 shares during the period. Finally, Headlands Technologies LLC bought a new position in United Bankshares in the fourth quarter worth $85,000. 70.80% of the stock is owned by institutional investors.
United Bankshares Company Profile
(
Get Free Report)
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.
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