Fisher Asset Management LLC Has $47.46 Million Stock Holdings in United Bankshares, Inc. $UBSI

Fisher Asset Management LLC boosted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 10.1% in the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 1,275,425 shares of the financial services provider’s stock after purchasing an additional 116,647 shares during the quarter. Fisher Asset Management LLC’s holdings in United Bankshares were worth $47,459,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Jones Financial Companies Lllp boosted its position in shares of United Bankshares by 2.9% during the third quarter. Jones Financial Companies Lllp now owns 12,266 shares of the financial services provider’s stock worth $458,000 after purchasing an additional 343 shares in the last quarter. GAMMA Investing LLC grew its stake in United Bankshares by 13.9% in the third quarter. GAMMA Investing LLC now owns 2,844 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 347 shares during the period. Mitsubishi UFJ Trust & Banking Corp increased its holdings in shares of United Bankshares by 14.9% in the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 2,699 shares of the financial services provider’s stock worth $100,000 after acquiring an additional 351 shares in the last quarter. Braun Bostich & Associates Inc. increased its holdings in shares of United Bankshares by 4.4% in the third quarter. Braun Bostich & Associates Inc. now owns 9,256 shares of the financial services provider’s stock worth $344,000 after acquiring an additional 387 shares in the last quarter. Finally, Ameritas Investment Partners Inc. raised its position in shares of United Bankshares by 1.2% during the second quarter. Ameritas Investment Partners Inc. now owns 41,978 shares of the financial services provider’s stock worth $1,529,000 after purchasing an additional 512 shares during the period. Institutional investors own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on UBSI. Piper Sandler reiterated an “overweight” rating and issued a $47.00 price objective on shares of United Bankshares in a research report on Monday, January 26th. Zacks Research upgraded shares of United Bankshares from a “hold” rating to a “strong-buy” rating in a report on Monday, February 2nd. Stephens raised their price objective on shares of United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a report on Friday, January 23rd. Weiss Ratings raised shares of United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, February 13th. Finally, Keefe, Bruyette & Woods increased their target price on United Bankshares from $40.00 to $43.00 and gave the stock a “market perform” rating in a report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, two have assigned a Buy rating and two have issued a Hold rating to the company’s stock. According to MarketBeat.com, United Bankshares presently has an average rating of “Moderate Buy” and a consensus price target of $44.67.

United Bankshares Stock Performance

Shares of UBSI stock opened at $41.39 on Wednesday. United Bankshares, Inc. has a 12 month low of $30.50 and a 12 month high of $45.92. The company’s fifty day simple moving average is $41.84 and its 200-day simple moving average is $38.91. The firm has a market cap of $5.77 billion, a PE ratio of 12.66 and a beta of 0.76. The company has a quick ratio of 0.99, a current ratio of 0.99 and a debt-to-equity ratio of 0.10.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, January 22nd. The financial services provider reported $0.91 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.05. United Bankshares had a net margin of 25.51% and a return on equity of 8.60%. The firm had revenue of $430.85 million for the quarter, compared to analyst estimates of $315.50 million. During the same period in the previous year, the business earned $0.69 EPS. Equities research analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 1st. Investors of record on Friday, March 13th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Friday, March 13th. This represents a $1.52 annualized dividend and a yield of 3.7%. United Bankshares’s dividend payout ratio is 46.48%.

United Bankshares 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.