Bronfman E.L. Rothschild L.P. increased its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 47.1% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 140,181 shares of the financial services provider’s stock after acquiring an additional 44,872 shares during the quarter. Bronfman E.L. Rothschild L.P. owned 0.14% of United Bankshares worth $4,361,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Toronto Dominion Bank acquired a new stake in United Bankshares in the 4th quarter valued at $40,000. Rehmann Capital Advisory Group grew its position in United Bankshares by 60.3% in the 4th quarter. Rehmann Capital Advisory Group now owns 1,334 shares of the financial services provider’s stock valued at $42,000 after purchasing an additional 502 shares during the period. FNY Investment Advisers LLC grew its position in United Bankshares by 97.1% in the 4th quarter. FNY Investment Advisers LLC now owns 1,774 shares of the financial services provider’s stock valued at $55,000 after purchasing an additional 874 shares during the period. Captrust Financial Advisors grew its position in United Bankshares by 985.1% in the 3rd quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock valued at $131,000 after purchasing an additional 3,231 shares during the period. Finally, Bessemer Group Inc. grew its position in United Bankshares by 381.0% in the 4th quarter. Bessemer Group Inc. now owns 4,021 shares of the financial services provider’s stock valued at $125,000 after purchasing an additional 3,185 shares during the period. Institutional investors own 70.31% of the company’s stock.
UBSI opened at $37.47 on Friday. The company has a current ratio of 1.02, a quick ratio of 1.00 and a debt-to-equity ratio of 0.51. The firm has a market cap of $3.80 billion, a price-to-earnings ratio of 15.29, a PEG ratio of 1.85 and a beta of 1.27. United Bankshares, Inc. has a 1 year low of $29.13 and a 1 year high of $39.95.
United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.61 by $0.01. The firm had revenue of $176.53 million for the quarter, compared to the consensus estimate of $180.53 million. United Bankshares had a net margin of 30.28% and a return on equity of 7.89%. During the same period in the previous year, the firm earned $0.53 EPS. On average, analysts expect that United Bankshares, Inc. will post 2.51 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 8th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date is Thursday, March 7th. United Bankshares’s dividend payout ratio is 55.51%.
Several analysts recently issued reports on the stock. BidaskClub raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, February 9th. Zacks Investment Research raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Tuesday, January 29th. Five analysts have rated the stock with a hold rating, The company presently has an average rating of “Hold” and a consensus price target of $40.00.
In other United Bankshares news, President Richard M. Adams, Jr. sold 14,790 shares of United Bankshares stock in a transaction on Wednesday, March 6th. The shares were sold at an average price of $37.97, for a total transaction of $561,576.30. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director P Clinton Winter acquired 1,000 shares of the business’s stock in a transaction on Thursday, December 27th. The shares were purchased at an average cost of $29.70 per share, for a total transaction of $29,700.00. Following the completion of the acquisition, the director now directly owns 446,511 shares in the company, valued at $13,261,376.70. The disclosure for this purchase can be found here. 5.15% of the stock is owned by insiders.
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United Bankshares Company Profile
United Bankshares, Inc, a financial holding company, 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.
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