United Bankshares, Inc. $UBSI Stock Holdings Reduced by NORTHSTAR ASSET MANAGEMENT Co

NORTHSTAR ASSET MANAGEMENT Co lowered its position in United Bankshares, Inc. (NASDAQ:UBSI) by 14.3% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,632 shares of the financial services provider’s stock after selling 1,436 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co’s holdings in United Bankshares were worth $314,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Ameritas Advisory Services LLC acquired a new stake in shares of United Bankshares in the second quarter worth about $25,000. Signaturefd LLC lifted its position in shares of United Bankshares by 2,281.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider’s stock worth $36,000 after buying an additional 958 shares during the last quarter. Meeder Asset Management Inc. lifted its position in shares of United Bankshares by 144.2% in the first quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider’s stock worth $40,000 after buying an additional 682 shares during the last quarter. CWM LLC lifted its position in shares of United Bankshares by 226.9% in the first quarter. CWM LLC now owns 1,651 shares of the financial services provider’s stock worth $57,000 after buying an additional 1,146 shares during the last quarter. Finally, Hughes Financial Services LLC acquired a new stake in shares of United Bankshares in the first quarter worth about $60,000. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have weighed in on UBSI shares. Piper Sandler set a $42.50 price target on United Bankshares and gave the stock an “overweight” rating in a research report on Thursday. Weiss Ratings cut United Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Zacks Research raised United Bankshares to a “hold” rating in a research report on Friday, August 8th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, United Bankshares currently has a consensus rating of “Hold” and a consensus target price of $41.83.

United Bankshares Trading Up 3.6%

UBSI stock opened at $36.43 on Friday. United Bankshares, Inc. has a 1-year low of $30.50 and a 1-year high of $44.43. The firm has a market cap of $5.16 billion, a P/E ratio of 11.94 and a beta of 0.76. The business’s 50 day moving average is $37.19 and its 200-day moving average is $36.31. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.92 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. The business had revenue of $324.10 million for the quarter, compared to analyst estimates of $307.78 million. United Bankshares had a return on equity of 8.23% and a net margin of 24.37%.During the same period in the prior year, the company earned $0.70 EPS. Equities analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend was Friday, September 12th. United Bankshares’s dividend payout ratio (DPR) is presently 48.52%.

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.