8,268 Shares in United Bankshares, Inc. (NASDAQ:UBSI) Purchased by EntryPoint Capital LLC

EntryPoint Capital LLC bought a new stake in United Bankshares, Inc. (NASDAQ:UBSI) during the fourth quarter, Holdings Channel.com reports. The fund bought 8,268 shares of the financial services provider’s stock, valued at approximately $310,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBSI. SBI Securities Co. Ltd. bought a new stake in shares of United Bankshares in the fourth quarter valued at approximately $26,000. Jones Financial Companies Lllp raised its stake in United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB boosted its holdings in United Bankshares by 1,921.1% in the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock valued at $54,000 after purchasing an additional 1,364 shares during the period. Principal Securities Inc. grew its position in United Bankshares by 10.1% in the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 285 shares during the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in shares of United Bankshares during the 4th quarter worth about $117,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

Insider Activity at United Bankshares

In other United Bankshares news, Director Sara Dumond purchased 2,600 shares of the company’s stock in a transaction that occurred on Monday, March 24th. The stock was purchased at an average cost of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company’s stock, valued at approximately $176,940.54. This trade represents a 105.95 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 3.66% of the stock is currently owned by insiders.

Analysts Set New Price Targets

Several research firms recently weighed in on UBSI. Keefe, Bruyette & Woods reduced their target price on shares of 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. Stephens reiterated an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. Piper Sandler restated a “neutral” rating and set a $38.50 price objective on shares of United Bankshares in a research report on Wednesday, March 12th. Finally, StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Hold” and an average target price of $41.88.

United Bankshares Trading Down 0.5 %

UBSI stock opened at $34.86 on Friday. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The business’s 50 day moving average is $36.68 and its 200-day moving average is $38.02. The firm has a market cap of $4.99 billion, a P/E ratio of 12.72 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate 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 last year, the business posted $0.59 EPS. Equities analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.25%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio (DPR) is currently 54.01%.

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.