United Bankshares, Inc. $UBSI Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC trimmed its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 28.7% in the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 40,530 shares of the financial services provider’s stock after selling 16,336 shares during the period. SG Americas Securities LLC’s holdings in United Bankshares were worth $1,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Ritholtz Wealth Management lifted its stake in shares of United Bankshares by 2.6% in the 4th quarter. Ritholtz Wealth Management now owns 9,216 shares of the financial services provider’s stock valued at $354,000 after purchasing an additional 237 shares during the last quarter. EverSource Wealth Advisors LLC increased its position in shares of United Bankshares by 24.3% during the 4th quarter. EverSource Wealth Advisors LLC now owns 1,492 shares of the financial services provider’s stock worth $57,000 after purchasing an additional 292 shares during the last quarter. Kestra Private Wealth Services LLC raised its holdings in United Bankshares by 1.1% in the 4th quarter. Kestra Private Wealth Services LLC now owns 27,609 shares of the financial services provider’s stock valued at $1,060,000 after buying an additional 297 shares during the period. Rothschild Investment LLC lifted its position in United Bankshares by 47.5% in the fourth quarter. Rothschild Investment LLC now owns 1,236 shares of the financial services provider’s stock valued at $47,000 after buying an additional 398 shares during the last quarter. Finally, Farther Finance Advisors LLC lifted its position in United Bankshares by 196.2% in the fourth quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock valued at $33,000 after buying an additional 567 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on UBSI. Hovde Group assumed coverage on shares of United Bankshares in a research note on Wednesday, June 24th. They set a “market perform” rating and a $49.00 target price for the company. Zacks Research downgraded shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Wall Street Zen lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, June 13th. Finally, Raymond James Financial increased their price objective on shares of United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $46.60.

United Bankshares Price Performance

UBSI opened at $46.38 on Friday. The stock’s 50-day moving average price is $43.98 and its 200 day moving average price is $42.40. United Bankshares, Inc. has a 12-month low of $34.10 and a 12-month high of $47.25. The firm has a market cap of $6.39 billion, a price-to-earnings ratio of 12.99 and a beta of 0.71. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10.

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

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th were paid a $0.38 dividend. The ex-dividend date of this dividend was Friday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.3%. United Bankshares’s dividend payout ratio (DPR) is presently 42.58%.

About United Bankshares

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.