Inceptionr LLC Takes $400,000 Position in United Bankshares, Inc. $UBSI

Inceptionr LLC bought a new position in United Bankshares, Inc. (NASDAQ:UBSI) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,991 shares of the financial services provider’s stock, valued at approximately $400,000.

A number of other large investors have also recently added to or reduced their stakes in the business. Ameritas Advisory Services LLC acquired a new position in United Bankshares in the second quarter worth approximately $25,000. Hantz Financial Services Inc. boosted its stake in shares of United Bankshares by 261.8% during the 2nd quarter. Hantz Financial Services Inc. now owns 749 shares of the financial services provider’s stock worth $27,000 after acquiring an additional 542 shares in the last quarter. Signaturefd LLC grew its holdings in shares of United Bankshares by 2,281.0% in the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider’s stock worth $36,000 after acquiring an additional 958 shares during the last quarter. Meeder Asset Management Inc. grew its holdings in shares of United Bankshares by 144.2% in the 1st quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider’s stock worth $40,000 after acquiring an additional 682 shares during the last quarter. Finally, Allworth Financial LP raised its position in shares of United Bankshares by 394.1% during the second quarter. Allworth Financial LP now owns 1,265 shares of the financial services provider’s stock worth $46,000 after purchasing an additional 1,009 shares during the period. 70.80% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Piper Sandler set a $42.50 price target on United Bankshares and gave the stock an “overweight” rating in a research note on Thursday, October 23rd. Zacks Research upgraded shares of United Bankshares from a “hold” rating to a “strong-buy” rating in a report on Wednesday, November 19th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of United Bankshares in a research report on Thursday, October 30th. One analyst has rated the stock with a Strong Buy rating, one has issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.83.

United Bankshares Trading Down 1.2%

NASDAQ:UBSI opened at $37.24 on Friday. The stock has a market cap of $5.23 billion, a PE ratio of 12.21 and a beta of 0.83. United Bankshares, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $42.83. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.99 and a quick ratio of 0.99. The stock’s 50-day moving average is $36.48 and its two-hundred day moving average is $36.76.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. United Bankshares had a net margin of 24.37% and a return on equity of 8.15%. The business had revenue of $280.90 million during the quarter, compared to analyst estimates of $307.78 million. During the same period in the prior year, the firm earned $0.70 earnings per share. As a group, equities research analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 2nd. Shareholders of record on Friday, December 12th will be paid a dividend of $0.38 per share. This is an increase from United Bankshares’s previous quarterly dividend of $0.37. The ex-dividend date of this dividend is Friday, December 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 4.1%. United Bankshares’s dividend payout ratio (DPR) is 49.84%.

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.