Natural Investments LLC Makes New $304,000 Investment in United Bankshares, Inc. (NASDAQ:UBSI)

Natural Investments LLC acquired a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor acquired 8,101 shares of the financial services provider’s stock, valued at approximately $304,000.

A number of other large investors have also made changes to their positions in the stock. Integrated Investment Consultants LLC lifted its position in United Bankshares by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 270 shares during the period. Principal Securities Inc. raised its stake in shares of United Bankshares by 10.1% in the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock valued at $117,000 after buying an additional 285 shares in the last quarter. Arizona State Retirement System lifted its holdings in shares of United Bankshares by 0.8% during the 4th quarter. Arizona State Retirement System now owns 39,225 shares of the financial services provider’s stock worth $1,473,000 after acquiring an additional 296 shares during the period. Jones Financial Companies Lllp boosted its position in shares of United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 310 shares in the last quarter. Finally, HighTower Advisors LLC grew its stake in shares of United Bankshares by 1.7% in the 3rd quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 332 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Trading Up 0.5 %

Shares of UBSI opened at $34.22 on Thursday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The company has a market cap of $4.90 billion, a price-to-earnings ratio of 12.49 and a beta of 0.98. The stock has a fifty day moving average price of $37.26 and a two-hundred day moving average price of $38.30. United Bankshares, Inc. has a 52-week low of $30.68 and a 52-week high of $44.43.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 business earned $0.59 earnings per share. Analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.32%. United Bankshares’s payout ratio is 54.01%.

Insider Activity at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the transaction, the director now owns 35,424 shares of the company’s stock, valued at approximately $1,387,203.84. This represents a 14.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 3.66% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

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

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.