Fisher Asset Management LLC Acquires 16,782 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Fisher Asset Management LLC boosted its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 1.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,221,493 shares of the financial services provider’s stock after purchasing an additional 16,782 shares during the period. Fisher Asset Management LLC’s holdings in United Bankshares were worth $45,317,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UBSI. SG Americas Securities LLC boosted its holdings in United Bankshares by 218.2% during the 2nd quarter. SG Americas Securities LLC now owns 29,676 shares of the financial services provider’s stock valued at $963,000 after acquiring an additional 20,350 shares during the period. RIA Advisory Group LLC purchased a new stake in shares of United Bankshares during the third quarter valued at approximately $495,000. Earnest Partners LLC boosted its stake in shares of United Bankshares by 1.8% during the second quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock valued at $137,993,000 after purchasing an additional 74,638 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in shares of United Bankshares by 10.0% in the third quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 468,851 shares of the financial services provider’s stock worth $17,394,000 after buying an additional 42,689 shares during the period. Finally, Natixis Advisors LLC raised its holdings in United Bankshares by 21.0% during the 3rd quarter. Natixis Advisors LLC now owns 336,029 shares of the financial services provider’s stock valued at $12,466,000 after buying an additional 58,274 shares during the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Peter A. Converse sold 5,000 shares of the firm’s stock in a transaction on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the transaction, the director now directly owns 434,769 shares in the company, valued at $17,390,760. This trade represents a 1.14 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. 3.66% of the stock is currently owned by insiders.

United Bankshares Trading Down 1.0 %

NASDAQ:UBSI opened at $42.87 on Wednesday. The stock has a market cap of $5.80 billion, a price-to-earnings ratio of 16.24 and a beta of 0.98. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average price is $38.57 and its 200-day moving average price is $36.13. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $44.43.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same quarter in the previous year, the firm earned $0.71 EPS. On average, equities research analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 3.45%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s dividend payout ratio is currently 56.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $40.25.

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.