United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Federated Hermes Inc.

Federated Hermes Inc. lowered its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 13.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 59,506 shares of the financial services provider’s stock after selling 9,334 shares during the period. Federated Hermes Inc.’s holdings in United Bankshares were worth $2,234,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in UBSI. Commonwealth Equity Services LLC grew its holdings in shares of United Bankshares by 6.3% during the third quarter. Commonwealth Equity Services LLC now owns 18,096 shares of the financial services provider’s stock worth $499,000 after buying an additional 1,065 shares during the last quarter. Cambridge Investment Research Advisors Inc. grew its holdings in shares of United Bankshares by 4.6% during the third quarter. Cambridge Investment Research Advisors Inc. now owns 74,446 shares of the financial services provider’s stock worth $2,054,000 after buying an additional 3,263 shares during the last quarter. Raymond James & Associates grew its holdings in shares of United Bankshares by 8.0% during the third quarter. Raymond James & Associates now owns 105,557 shares of the financial services provider’s stock worth $2,912,000 after buying an additional 7,791 shares during the last quarter. Stratos Wealth Advisors LLC purchased a new position in shares of United Bankshares during the third quarter worth about $221,000. Finally, Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in shares of United Bankshares by 9.6% during the third quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 25,098 shares of the financial services provider’s stock worth $692,000 after buying an additional 2,207 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Price Performance

Shares of UBSI opened at $33.35 on Monday. United Bankshares, Inc. has a twelve month low of $25.35 and a twelve month high of $38.74. The stock’s 50 day moving average is $34.22 and its two-hundred day moving average is $34.02. The firm has a market capitalization of $4.50 billion, a PE ratio of 12.73 and a beta of 1.00. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.37.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $401.39 million for the quarter, compared to analysts’ expectations of $256.80 million. United Bankshares had a return on equity of 7.77% and a net margin of 22.51%. During the same period last year, the firm earned $0.74 EPS. Research analysts anticipate that United Bankshares, Inc. will post 2.64 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were given a dividend of $0.37 per share. The ex-dividend date was Thursday, March 7th. This represents a $1.48 annualized dividend and a dividend yield of 4.44%. United Bankshares’s dividend payout ratio is currently 56.49%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on the company. Stephens lowered their price target on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday. Raymond James lifted their price objective on United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 5th.

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.