Campbell & CO Investment Adviser LLC Purchases Shares of 17,635 United Bankshares, Inc. $UBSI

Campbell & CO Investment Adviser LLC acquired a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 17,635 shares of the financial services provider’s stock, valued at approximately $656,000.

Other large investors have also modified their holdings of the company. Ameritas Advisory Services LLC acquired a new stake in shares of United Bankshares during the second quarter worth $25,000. Hantz Financial Services Inc. boosted its position in shares of United Bankshares by 261.8% in the 2nd quarter. Hantz Financial Services Inc. now owns 749 shares of the financial services provider’s stock valued at $27,000 after purchasing an additional 542 shares during the period. Bogart Wealth LLC increased its stake in United Bankshares by 655.4% in the 3rd quarter. Bogart Wealth LLC now owns 763 shares of the financial services provider’s stock worth $28,000 after purchasing an additional 662 shares in the last quarter. Signaturefd LLC increased its stake in United Bankshares by 2,281.0% in the 2nd quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 958 shares in the last quarter. Finally, EverSource Wealth Advisors LLC raised its holdings in United Bankshares by 528.3% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,175 shares of the financial services provider’s stock worth $43,000 after buying an additional 988 shares during the period. 70.80% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on the stock. Zacks Research lowered shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Monday, December 22nd. Piper Sandler set a $42.50 price target on shares of United Bankshares and gave the company an “overweight” rating in a report on Thursday, October 23rd. Finally, Weiss Ratings restated a “hold (c+)” rating on shares of United Bankshares in a research report on Monday, December 29th. One research analyst has rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat, United Bankshares presently has an average rating of “Hold” and a consensus price target of $41.83.

United Bankshares Stock Performance

Shares of UBSI opened at $40.46 on Wednesday. The company has a market capitalization of $5.68 billion, a PE ratio of 13.27 and a beta of 0.78. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. The company’s 50 day moving average price is $38.67 and its 200 day moving average price is $37.54. United Bankshares, Inc. has a 52 week low of $30.50 and a 52 week high of $41.53.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.10. United Bankshares had a net margin of 24.37% and a return on equity of 8.15%. The company had revenue of $280.90 million during the quarter, compared to the consensus estimate of $307.78 million. During the same quarter in the prior year, the firm earned $0.70 EPS. Research analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, January 2nd. Shareholders of record on Friday, December 12th were paid a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a yield of 3.8%. This is an increase from United Bankshares’s previous quarterly dividend of $0.37. The ex-dividend date was Friday, December 12th. United Bankshares’s dividend payout ratio is presently 49.84%.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.