Jackson Creek Investment Advisors LLC Takes $1.17 Million Position in United Bankshares, Inc. (NASDAQ:UBSI)

Jackson Creek Investment Advisors LLC bought a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 31,106 shares of the financial services provider’s stock, valued at approximately $1,168,000.

Several other institutional investors and hedge funds have also bought and sold shares of UBSI. Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of United Bankshares by 58.6% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,471 shares of the financial services provider’s stock valued at $3,435,000 after buying an additional 33,812 shares in the last quarter. Verity Asset Management Inc. lifted its stake in shares of United Bankshares by 18.2% in the third quarter. Verity Asset Management Inc. now owns 22,816 shares of the financial services provider’s stock valued at $629,000 after buying an additional 3,506 shares in the last quarter. New York State Common Retirement Fund raised its holdings in shares of United Bankshares by 13.3% in the fourth quarter. New York State Common Retirement Fund now owns 664,599 shares of the financial services provider’s stock valued at $24,956,000 after purchasing an additional 78,022 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its holdings in shares of United Bankshares by 103.9% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,142,091 shares of the financial services provider’s stock valued at $42,885,000 after purchasing an additional 581,870 shares during the last quarter. Finally, EP Wealth Advisors LLC raised its holdings in shares of United Bankshares by 312.2% in the third quarter. EP Wealth Advisors LLC now owns 83,500 shares of the financial services provider’s stock valued at $2,304,000 after purchasing an additional 63,245 shares during the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Performance

Shares of UBSI traded down $0.15 during trading hours on Tuesday, hitting $32.46. The company’s stock had a trading volume of 683,927 shares, compared to its average volume of 554,804. The company has a market cap of $4.38 billion, a price-to-earnings ratio of 12.44 and a beta of 1.00. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 0.99. The business has a 50 day simple moving average of $34.17 and a two-hundred day simple moving average of $34.06. United Bankshares, Inc. has a 52-week low of $25.35 and a 52-week high of $38.74.

United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The business had revenue of $401.39 million during the quarter, compared to analysts’ expectations of $256.80 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. During the same quarter in the previous year, the business earned $0.74 EPS. On average, equities analysts expect that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a $0.37 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.48 annualized dividend and a dividend yield of 4.56%. United Bankshares’s payout ratio is 56.49%.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on UBSI. Stephens lowered their target price on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday. Raymond James raised their price objective on shares of United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 5th.

About United Bankshares

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.