United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by Dynamic Technology Lab Private Ltd

Dynamic Technology Lab Private Ltd lifted its position in United Bankshares, Inc. (NASDAQ:UBSI) by 393.7% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 35,633 shares of the financial services provider’s stock after buying an additional 28,416 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in United Bankshares were worth $1,338,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. FMR LLC raised its position in United Bankshares by 292.0% in the third quarter. FMR LLC now owns 82,997 shares of the financial services provider’s stock worth $3,079,000 after acquiring an additional 61,822 shares in the last quarter. BNP Paribas Financial Markets grew its stake in shares of United Bankshares by 73.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider’s stock worth $1,890,000 after purchasing an additional 21,520 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of United Bankshares by 1.6% in the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 250,618 shares of the financial services provider’s stock worth $9,298,000 after purchasing an additional 4,037 shares during the last quarter. Centiva Capital LP bought a new stake in shares of United Bankshares in the 3rd quarter worth approximately $213,000. Finally, Holocene Advisors LP lifted its stake in United Bankshares by 47.5% during the third quarter. Holocene Advisors LP now owns 47,450 shares of the financial services provider’s stock valued at $1,760,000 after purchasing an additional 15,282 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of UBSI opened at $31.65 on Friday. The company has a market capitalization of $4.53 billion, a PE ratio of 11.55 and a beta of 0.91. 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’s 50 day moving average price is $36.11 and its 200 day moving average price is $37.89. United Bankshares, Inc. has a 52 week low of $30.51 and a 52 week high of $44.43.

United Bankshares (NASDAQ:UBSI) last posted its quarterly 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 net margin of 22.94% and a return on equity of 7.60%. During the same quarter in the previous year, the company posted $0.59 EPS. Research analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date of this dividend was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 4.68%. United Bankshares’s dividend payout ratio (DPR) is currently 54.01%.

Insiders Place Their Bets

In other United Bankshares news, Director Sara Dumond bought 2,600 shares of the firm’s stock in a transaction on 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 completion of the transaction, 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 filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.66% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have issued reports on UBSI shares. StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Piper Sandler reaffirmed a “neutral” rating and set a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th. Stephens reiterated an “equal weight” rating and issued a $43.00 price target on shares of United Bankshares in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average target price of $41.88.

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.