BW Gestao de Investimentos Ltda. Makes New Investment in United Bankshares, Inc. $UBSI

BW Gestao de Investimentos Ltda. bought a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 40,000 shares of the financial services provider’s stock, valued at approximately $1,536,000.

Several other hedge funds and other institutional investors have also recently made changes to their positions in UBSI. Norges Bank purchased a new stake in shares of United Bankshares during the 4th quarter valued at $68,366,000. AQR Capital Management LLC lifted its holdings in shares of United Bankshares by 65.5% during the 3rd quarter. AQR Capital Management LLC now owns 930,252 shares of the financial services provider’s stock valued at $34,615,000 after purchasing an additional 368,141 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in shares of United Bankshares by 64.6% during the 3rd quarter. JPMorgan Chase & Co. now owns 782,292 shares of the financial services provider’s stock valued at $29,109,000 after purchasing an additional 307,159 shares during the last quarter. Verition Fund Management LLC lifted its holdings in shares of United Bankshares by 89.5% during the 3rd quarter. Verition Fund Management LLC now owns 520,964 shares of the financial services provider’s stock valued at $19,385,000 after purchasing an additional 246,006 shares during the last quarter. Finally, Geode Capital Management LLC lifted its holdings in shares of United Bankshares by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 3,802,338 shares of the financial services provider’s stock valued at $146,030,000 after purchasing an additional 183,950 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently commented on UBSI. Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Weiss Ratings upgraded United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Finally, Raymond James Financial reiterated an “outperform” rating and set a $49.00 price objective on shares of United Bankshares in a report on Monday, April 27th. Three investment analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, United Bankshares currently has a consensus rating of “Moderate Buy” and an average price target of $45.75.

United Bankshares Stock Performance

Shares of UBSI stock opened at $43.50 on Wednesday. The firm has a market capitalization of $5.99 billion, a price-to-earnings ratio of 12.18 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The business has a fifty day moving average of $42.79 and a 200 day moving average of $41.18. United Bankshares, Inc. has a 1 year low of $34.10 and a 1 year high of $45.92.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, April 23rd. The financial services provider reported $0.89 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. The company had revenue of $316.58 million during the quarter, compared to analyst estimates of $315.15 million. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.During the same quarter last year, the business posted $0.59 EPS. As a group, research analysts expect that United Bankshares, Inc. will post 3.64 earnings per share for the current year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 1st. Shareholders of record on Friday, June 12th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.5%. The ex-dividend date of this dividend is Friday, June 12th. United Bankshares’s dividend payout ratio (DPR) is currently 42.58%.

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.