United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by Segall Bryant & Hamill LLC

Segall Bryant & Hamill LLC increased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 10.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 213,238 shares of the financial services provider’s stock after purchasing an additional 20,591 shares during the period. Segall Bryant & Hamill LLC owned 0.16% of United Bankshares worth $7,911,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP raised its holdings in shares of United Bankshares by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock valued at $256,521,000 after acquiring an additional 142,545 shares during the last quarter. Earnest Partners LLC lifted its holdings in United Bankshares by 1.8% in the 2nd quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock valued at $137,993,000 after purchasing an additional 74,638 shares in the last quarter. Victory Capital Management Inc. boosted its stake in United Bankshares by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,997,311 shares of the financial services provider’s stock worth $148,300,000 after purchasing an additional 14,833 shares during the last quarter. ProShare Advisors LLC grew its holdings in shares of United Bankshares by 110.4% during the second quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock worth $71,577,000 after buying an additional 1,157,579 shares in the last quarter. Finally, Vaughan Nelson Investment Management L.P. raised its position in shares of United Bankshares by 16.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock valued at $57,805,000 after buying an additional 223,150 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Stock Up 0.8 %

Shares of UBSI opened at $41.74 on Friday. The company’s 50-day moving average price is $38.34 and its 200 day moving average price is $35.97. United Bankshares, Inc. has a 12-month low of $30.68 and a 12-month high of $43.77. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The firm has a market cap of $5.64 billion, a P/E ratio of 15.81 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 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $414.67 million for the quarter, compared to the consensus estimate of $260.30 million. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same period in the previous year, the firm earned $0.71 EPS. On average, sell-side analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share 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 paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.55%. The ex-dividend date is Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) is 56.06%.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on UBSI. DA Davidson upped their price objective on shares of United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Stephens raised their price objective on shares of United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods boosted their target price on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a report on Friday, July 26th. Finally, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and an average price target of $40.25.

Insider Transactions at United Bankshares

In related news, Director Peter A. Converse sold 5,000 shares of the stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 434,769 shares of the company’s stock, valued at approximately $17,390,760. This represents a 1.14 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.66% of the company’s stock.

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.