Natixis Advisors LLC Boosts Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Natixis Advisors LLC raised its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 3.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 347,564 shares of the financial services provider’s stock after acquiring an additional 11,535 shares during the quarter. Natixis Advisors LLC’s holdings in United Bankshares were worth $13,051,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of UBSI. Quest Partners LLC raised its stake in shares of United Bankshares by 377.2% in the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after buying an additional 4,459 shares during the period. LMR Partners LLP bought a new stake in United Bankshares in the 3rd quarter valued at about $277,000. PNC Financial Services Group Inc. raised its stake in United Bankshares by 4.9% in the 3rd quarter. PNC Financial Services Group Inc. now owns 37,149 shares of the financial services provider’s stock valued at $1,378,000 after acquiring an additional 1,744 shares during the period. Segall Bryant & Hamill LLC lifted its holdings in United Bankshares by 10.7% during the third quarter. Segall Bryant & Hamill LLC now owns 213,238 shares of the financial services provider’s stock valued at $7,911,000 after purchasing an additional 20,591 shares during the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. boosted its position in United Bankshares by 10.0% during 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 purchasing an additional 42,689 shares during the period. 70.80% of the stock is owned by institutional investors.

United Bankshares Trading Up 0.8 %

UBSI opened at $35.17 on Thursday. United Bankshares, Inc. has a one year low of $30.68 and a one year high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The business has a 50 day simple moving average of $36.96 and a two-hundred day simple moving average of $38.14. The firm has a market capitalization of $5.04 billion, a price-to-earnings ratio of 12.84 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last announced its earnings results 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 net margin of 22.94% and a return on equity of 7.60%. During the same quarter last year, the business posted $0.59 EPS. Analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The company 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 $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.21%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio is currently 54.01%.

Analyst Ratings Changes

UBSI has been the topic of a number of analyst reports. Piper Sandler reissued a “neutral” rating and set a $38.50 target price on shares of United Bankshares in a report on Wednesday, March 12th. Stephens reissued an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased 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. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. According to MarketBeat, United Bankshares presently has a consensus rating of “Hold” and a consensus price target of $41.88.

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.