Mutual of America Capital Management LLC Has $2.57 Million Stake in United Bankshares, Inc. $UBSI

Mutual of America Capital Management LLC trimmed its position in United Bankshares, Inc. (NASDAQ:UBSI) by 4.1% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 70,479 shares of the financial services provider’s stock after selling 2,999 shares during the quarter. Mutual of America Capital Management LLC’s holdings in United Bankshares were worth $2,568,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of UBSI. Ameritas Advisory Services LLC acquired a new position in shares of United Bankshares in the second quarter valued at $25,000. Signaturefd LLC raised its stake in shares of United Bankshares by 2,281.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider’s stock valued at $36,000 after purchasing an additional 958 shares in the last quarter. Meeder Asset Management Inc. raised its stake in shares of United Bankshares by 144.2% in the first quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider’s stock valued at $40,000 after purchasing an additional 682 shares in the last quarter. CWM LLC raised its stake in shares of United Bankshares by 226.9% in the first quarter. CWM LLC now owns 1,651 shares of the financial services provider’s stock valued at $57,000 after purchasing an additional 1,146 shares in the last quarter. Finally, Hughes Financial Services LLC acquired a new position in shares of United Bankshares in the first quarter valued at $60,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Stock Performance

Shares of NASDAQ:UBSI opened at $36.43 on Friday. The business’s fifty day moving average price is $37.19 and its two-hundred day moving average price is $36.31. United Bankshares, Inc. has a fifty-two week low of $30.50 and a fifty-two week high of $44.43. The stock has a market capitalization of $5.16 billion, a price-to-earnings ratio of 11.94 and a beta of 0.76. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, October 23rd. The financial services provider reported $0.92 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.10. The firm had revenue of $324.10 million for the quarter, compared to analysts’ expectations of $307.78 million. United Bankshares had a return on equity of 8.23% and a net margin of 24.37%.During the same period in the prior year, the business posted $0.70 earnings per share. As a group, analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 1st. Stockholders 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 4.1%. The ex-dividend date was Friday, September 12th. United Bankshares’s dividend payout ratio is presently 48.52%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Zacks Research upgraded United Bankshares to a “hold” rating in a research note on Friday, August 8th. Weiss Ratings cut United Bankshares from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, October 8th. Finally, Piper Sandler set a $42.50 price target on United Bankshares and gave the company an “overweight” rating in a research report on Thursday. One equities research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. According to MarketBeat.com, United Bankshares has a consensus rating of “Hold” and an average target price of $41.83.

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.