United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Securian Asset Management Inc.

Securian Asset Management Inc. cut its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 2.8% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,198 shares of the financial services provider’s stock after selling 291 shares during the quarter. Securian Asset Management Inc.’s holdings in United Bankshares were worth $383,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. SBI Securities Co. Ltd. acquired a new position in shares of United Bankshares during the fourth quarter worth about $26,000. Jones Financial Companies Lllp grew its position in shares of United Bankshares by 55.8% during the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock worth $33,000 after buying an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB grew its position in shares of United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,364 shares in the last quarter. Principal Securities Inc. grew its position in shares of United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after buying an additional 285 shares in the last quarter. Finally, Hopwood Financial Services Inc. acquired a new position in shares of United Bankshares during the fourth quarter worth about $117,000. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Price Performance

Shares of NASDAQ UBSI opened at $34.89 on Wednesday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The stock has a 50 day moving average of $36.99 and a two-hundred day moving average of $38.16. The stock has a market cap of $5.00 billion, a P/E ratio of 12.73 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 earnings per share 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 company earned $0.59 earnings per share. On average, research analysts forecast that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.24%. The ex-dividend date of this dividend is Friday, March 14th. United Bankshares’s dividend payout ratio is currently 54.01%.

Analyst Ratings Changes

A number of equities analysts have recently commented on the company. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Stephens restated an “equal weight” rating and set a $43.00 target price on shares of United Bankshares in a research note on Monday, January 27th. Keefe, Bruyette & Woods decreased their target price 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. Finally, Piper Sandler restated a “neutral” rating and set a $38.50 target price on shares of United Bankshares in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target 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.