Sara Dumond Acquires 2,600 Shares of United Bankshares, Inc. (NASDAQ:UBSI) Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director Sara Dumond bought 2,600 shares of the company’s stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company’s stock, valued at approximately $176,940.54. The trade was a 105.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

United Bankshares Trading Down 0.6 %

NASDAQ UBSI opened at $35.09 on Wednesday. The firm has a market capitalization of $5.03 billion, a PE ratio of 12.81 and a beta of 0.98. The business’s 50-day moving average price is $36.81 and its two-hundred day moving average price is $38.06. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period in the previous year, the firm earned $0.59 EPS. On average, analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 4.22%. United Bankshares’s payout ratio is 54.01%.

Analyst Ratings Changes

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

Institutional Trading of United Bankshares

A number of institutional investors have recently bought and sold shares of UBSI. SBI Securities Co. Ltd. acquired a new position in shares of United Bankshares in the 4th quarter valued at about $26,000. Jones Financial Companies Lllp increased its holdings in United Bankshares by 55.8% in the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB lifted its stake in United Bankshares by 1,921.1% in 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 buying an additional 1,364 shares during the period. Nomura Asset Management Co. Ltd. boosted its holdings in shares of United Bankshares by 37.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider’s stock worth $56,000 after buying an additional 400 shares in the last quarter. Finally, Headlands Technologies LLC acquired a new stake in shares of United Bankshares during the 4th quarter worth approximately $85,000. Institutional investors own 70.80% of the company’s stock.

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.