United Bankshares, Inc. $UBSI Shares Sold by Wesbanco Bank Inc.

Wesbanco Bank Inc. lowered its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 11.6% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 101,359 shares of the financial services provider’s stock after selling 13,360 shares during the period. Wesbanco Bank Inc. owned about 0.07% of United Bankshares worth $4,198,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ritholtz Wealth Management raised its position in shares of United Bankshares by 2.6% during the 4th quarter. Ritholtz Wealth Management now owns 9,216 shares of the financial services provider’s stock worth $354,000 after purchasing an additional 237 shares during the period. EverSource Wealth Advisors LLC boosted its position in United Bankshares by 24.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 292 shares during the period. Kestra Private Wealth Services LLC boosted its position in United Bankshares by 1.1% during the 4th quarter. Kestra Private Wealth Services LLC now owns 27,609 shares of the financial services provider’s stock valued at $1,060,000 after purchasing an additional 297 shares during the period. Rothschild Investment LLC grew its stake in United Bankshares by 47.5% during the 4th quarter. Rothschild Investment LLC now owns 1,236 shares of the financial services provider’s stock worth $47,000 after buying an additional 398 shares during the last quarter. Finally, Farther Finance Advisors LLC grew its stake in United Bankshares by 196.2% during the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock worth $33,000 after buying an additional 567 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Wall Street Zen cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday, June 13th. Hovde Group began coverage on shares of United Bankshares in a research report on Wednesday. They set a “market perform” rating and a $49.00 price target for the company. Raymond James Financial reiterated an “outperform” rating and issued a $49.00 price objective on shares of United Bankshares in a research report on Monday, April 27th. Finally, Zacks Research lowered shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Three equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, United Bankshares currently has a consensus rating of “Hold” and a consensus price target of $46.40.

United Bankshares Price Performance

Shares of UBSI opened at $46.21 on Friday. United Bankshares, Inc. has a one year low of $34.10 and a one year high of $46.50. The stock’s fifty day moving average is $43.79 and its 200-day moving average is $42.17. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $6.37 billion, a price-to-earnings ratio of 12.94 and a beta of 0.71.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share for the quarter, topping the consensus estimate of $0.85 by $0.04. The business had revenue of $316.58 million during the quarter, compared to the consensus estimate of $315.15 million. United Bankshares had a net margin of 27.45% and a return on equity of 9.26%. During the same quarter in the prior year, the company posted $0.59 earnings per share. Equities analysts anticipate that United Bankshares, Inc. will post 3.64 EPS for the current year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.3%. The ex-dividend date of this dividend is Friday, June 12th. United Bankshares’s dividend payout ratio is currently 42.58%.

United Bankshares Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.