United Bankshares, Inc. (NASDAQ:UBSI) Holdings Boosted by Atria Investments Inc

Atria Investments Inc grew its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 6.2% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 36,819 shares of the financial services provider’s stock after purchasing an additional 2,163 shares during the period. Atria Investments Inc’s holdings in United Bankshares were worth $1,366,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of UBSI. CWA Asset Management Group LLC acquired a new position in United Bankshares in the 3rd quarter valued at approximately $461,000. Goldstone Financial Group LLC acquired a new position in shares of United Bankshares in the third quarter worth $266,000. State of Alaska Department of Revenue raised its holdings in shares of United Bankshares by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 15,634 shares of the financial services provider’s stock worth $580,000 after acquiring an additional 1,060 shares in the last quarter. Nicholson Wealth Management Group LLC acquired a new stake in United Bankshares during the third quarter valued at $2,849,000. Finally, Courier Capital LLC purchased a new position in United Bankshares in the third quarter valued at about $215,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

Insider Buying and Selling at United Bankshares

In other news, Director Peter A. Converse sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now directly owns 434,769 shares in the company, valued at $17,390,760. The trade was a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 3.66% of the company’s stock.

Analysts Set New Price Targets

UBSI has been the subject of a number of recent research reports. DA Davidson raised their price target on United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their price objective on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday. Finally, Stephens increased their price target on shares of United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, United Bankshares presently has an average rating of “Hold” and a consensus price target of $40.25.

United Bankshares Stock Down 0.2 %

Shares of UBSI stock opened at $42.22 on Friday. The stock’s 50 day simple moving average is $37.92 and its 200 day simple moving average is $35.76. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $43.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The company has a market capitalization of $5.71 billion, a price-to-earnings ratio of 15.99 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results 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. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The company had revenue of $414.67 million for the quarter, compared to analyst estimates of $260.30 million. During the same quarter last year, the firm posted $0.71 earnings per share. As a group, research analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) 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.