Xponance Inc. Raises Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Xponance Inc. grew its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 4.9% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 18,951 shares of the financial services provider’s stock after buying an additional 879 shares during the quarter. Xponance Inc.’s holdings in United Bankshares were worth $712,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. Quest Partners LLC increased its holdings in United Bankshares by 377.2% in the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 4,459 shares in the last quarter. PNC Financial Services Group Inc. increased its stake in shares of United Bankshares by 4.9% during the third quarter. PNC Financial Services Group Inc. now owns 37,149 shares of the financial services provider’s stock worth $1,378,000 after purchasing an additional 1,744 shares in the last quarter. Intech Investment Management LLC purchased a new stake in shares of United Bankshares during the third quarter worth about $732,000. Charles Schwab Investment Management Inc. raised its position in shares of United Bankshares by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock worth $62,070,000 after purchasing an additional 83,503 shares during the last quarter. Finally, Citigroup Inc. lifted its stake in United Bankshares by 32.1% in the 3rd quarter. Citigroup Inc. now owns 171,849 shares of the financial services provider’s stock valued at $6,376,000 after buying an additional 41,728 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts have commented on UBSI shares. Stephens reissued an “equal weight” rating and set a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. Keefe, Bruyette & Woods reduced 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. Piper Sandler reaffirmed a “neutral” rating and set a $38.50 target price on shares of United Bankshares in a research note on Wednesday, March 12th. Finally, StockNews.com cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research 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.com, United Bankshares presently has a consensus rating of “Hold” and a consensus price target of $41.88.

Insider Activity

In other United Bankshares news, Director Sara Dumond bought 2,600 shares of United Bankshares stock in a transaction on Monday, March 24th. The shares were bought at an average price of $35.01 per share, for a total transaction 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 $176,940.54. This trade represents a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 3.66% of the company’s stock.

United Bankshares Stock Performance

NASDAQ UBSI opened at $35.30 on Tuesday. The stock’s fifty day moving average is $36.86 and its two-hundred day moving average is $38.07. The firm has a market capitalization of $5.06 billion, a P/E ratio of 12.88 and a beta of 0.98. 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 fifty-two week low of $30.68 and a fifty-two week high of $44.43.

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

United Bankshares Dividend Announcement

The company also recently declared 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. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.19%. United Bankshares’s dividend payout ratio is currently 54.01%.

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.