Sara Dumond Buys 2,600 Shares of United Bankshares, Inc. (NASDAQ:UBSI) 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 acquired at an average price of $35.01 per share, with a total value of $91,026.00. Following the completion of the acquisition, the director now directly owns 5,054 shares of the company’s stock, valued at $176,940.54. This represents a 105.95 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.

United Bankshares Stock Performance

United Bankshares stock traded up $0.92 during trading hours on Monday, hitting $35.30. The stock had a trading volume of 1,097,884 shares, compared to its average volume of 530,572. The company has a 50-day moving average of $36.88 and a two-hundred day moving average of $38.09. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The company has a market cap of $5.06 billion, a PE ratio of 12.88 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, beating 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 last year, the company posted $0.59 EPS. On average, equities research analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a dividend yield of 4.19%. United Bankshares’s dividend payout ratio (DPR) is presently 54.01%.

Institutional Trading of United Bankshares

A number of large investors have recently bought and sold shares of UBSI. Quest Partners LLC boosted its stake in shares of United Bankshares by 377.2% in the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 4,459 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in United Bankshares by 4.9% in the third quarter. PNC Financial Services Group Inc. now owns 37,149 shares of the financial services provider’s stock valued at $1,378,000 after buying an additional 1,744 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its stake in United Bankshares by 10.0% during the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 468,851 shares of the financial services provider’s stock worth $17,394,000 after buying an additional 42,689 shares during the last quarter. Intech Investment Management LLC acquired a new stake in shares of United Bankshares during the third quarter worth approximately $732,000. Finally, Charles Schwab Investment Management Inc. raised its stake in shares of United Bankshares by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock valued at $62,070,000 after acquiring an additional 83,503 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have issued reports on UBSI. Stephens restated an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. Piper Sandler reaffirmed a “neutral” rating and set a $38.50 price objective on shares of United Bankshares in a research report on Wednesday, March 12th. StockNews.com downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $41.88.

United Bankshares Company 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.