Versor Investments LP Raises Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Versor Investments LP lifted its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 112.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 22,500 shares of the financial services provider’s stock after buying an additional 11,900 shares during the period. Versor Investments LP’s holdings in United Bankshares were worth $845,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Jane Street Group LLC raised its stake in shares of United Bankshares by 27.2% during the 3rd quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock worth $5,991,000 after buying an additional 34,526 shares in the last quarter. Charles Schwab Investment Management Inc. increased its stake in United Bankshares by 5.3% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock valued at $62,070,000 after purchasing an additional 83,503 shares in the last quarter. BNP Paribas Financial Markets increased its stake in 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 valued at $1,890,000 after purchasing an additional 21,520 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in United Bankshares by 3.6% in the 3rd quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock valued at $457,000 after purchasing an additional 427 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its stake in United Bankshares by 9.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock valued at $22,068,000 after purchasing an additional 52,949 shares in the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at United Bankshares

In other news, Director Mark R. Nesselroad sold 6,000 shares of the firm’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 sale, the director now owns 35,424 shares in the company, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 3.66% of the company’s stock.

United Bankshares Price Performance

Shares of NASDAQ:UBSI opened at $35.75 on Friday. The business’s fifty day moving average price is $37.71 and its two-hundred day moving average price is $38.34. The stock has a market cap of $4.83 billion, a PE ratio of 13.05 and a beta of 1.02. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a one year low of $30.68 and a one year 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 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 quarter in the previous year, the firm posted $0.59 EPS. On average, analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.14%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio (DPR) is 54.01%.

Analyst Ratings Changes

UBSI has been the subject of several research analyst reports. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price objective on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, January 27th.

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.