United Bankshares, Inc. $UBSI Shares Bought by Ritholtz Wealth Management

Ritholtz Wealth Management lifted its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 12.8% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 6,624 shares of the financial services provider’s stock after acquiring an additional 754 shares during the period. Ritholtz Wealth Management’s holdings in United Bankshares were worth $241,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also modified their holdings of the company. Brighton Jones LLC increased its position in shares of United Bankshares by 4.6% during the 4th quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider’s stock worth $634,000 after purchasing an additional 748 shares during the last quarter. Farther Finance Advisors LLC grew its position in shares of United Bankshares by 726.5% during the first quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider’s stock worth $33,000 after buying an additional 850 shares in the last quarter. Wealth Enhancement Advisory Services LLC grew its position in shares of United Bankshares by 5.1% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 23,068 shares of the financial services provider’s stock worth $800,000 after buying an additional 1,110 shares in the last quarter. State of Alaska Department of Revenue grew its position in shares of United Bankshares by 8.6% during the first quarter. State of Alaska Department of Revenue now owns 16,719 shares of the financial services provider’s stock worth $579,000 after buying an additional 1,330 shares in the last quarter. Finally, Retirement Systems of Alabama boosted its holdings in United Bankshares by 5.9% in the first quarter. Retirement Systems of Alabama now owns 173,760 shares of the financial services provider’s stock valued at $6,024,000 after purchasing an additional 9,728 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Down 1.0%

United Bankshares stock opened at $35.45 on Wednesday. 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 firm has a market capitalization of $5.02 billion, a price-to-earnings ratio of 12.53 and a beta of 0.76. United Bankshares, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $44.43. The stock’s fifty day moving average is $37.30 and its two-hundred day moving average is $36.26.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts’ consensus estimates of $0.77 by $0.08. United Bankshares had a return on equity of 7.65% and a net margin of 23.14%.The business had revenue of $306.00 million for the quarter, compared to analyst estimates of $297.98 million. During the same quarter last year, the company earned $0.71 earnings per share. Analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Investors of record on Friday, September 12th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.2%. The ex-dividend date was Friday, September 12th. United Bankshares’s dividend payout ratio (DPR) is presently 52.30%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on UBSI. Zacks Research raised United Bankshares to a “hold” rating in a report on Friday, August 8th. Weiss Ratings cut United Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Wednesday, October 8th. Five equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $40.50.

United Bankshares Profile

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.