United Bankshares, Inc. $UBSI Shares Acquired by Fieldview Capital Management LLC

Fieldview Capital Management LLC increased its position in United Bankshares, Inc. (NASDAQ:UBSIFree Report) by 47.3% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 92,201 shares of the financial services provider’s stock after acquiring an additional 29,609 shares during the period. Fieldview Capital Management LLC’s holdings in United Bankshares were worth $3,541,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of UBSI. Norges Bank acquired a new position in shares of United Bankshares in the fourth quarter valued at approximately $68,366,000. Goldman Sachs Group Inc. raised its position in shares of United Bankshares by 75.1% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,177,051 shares of the financial services provider’s stock valued at $45,199,000 after buying an additional 504,986 shares during the last quarter. AQR Capital Management LLC grew its holdings in United Bankshares by 65.5% in the third 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 period. JPMorgan Chase & Co. grew its holdings in United Bankshares by 64.6% in the third 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 period. Finally, Verition Fund Management LLC grew its holdings in United Bankshares by 89.5% in the third 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 period. Institutional investors and hedge funds own 70.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on the stock. Wall Street Zen downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday. Raymond James Financial reiterated an “outperform” rating and set a $49.00 price objective on shares of United Bankshares in a research note on Monday, April 27th. Finally, Zacks Research downgraded shares of United Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Thursday, March 26th. Three research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, United Bankshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.75.

Get Our Latest Report on UBSI

United Bankshares Price Performance

Shares of UBSI stock opened at $45.65 on Friday. The company has a market capitalization of $6.29 billion, a PE ratio of 12.79 and a beta of 0.71. The firm has a fifty day simple moving average of $43.39 and a 200-day simple moving average of $41.65. 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, Inc. has a twelve month low of $34.10 and a twelve month high of $45.92.

United Bankshares (NASDAQ:UBSIGet Free Report) last announced 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 business had revenue of $316.58 million during the quarter, compared to the consensus estimate of $315.15 million. United Bankshares had a net margin of 27.45% and a return on equity of 9.26%. During the same period in the prior year, the firm earned $0.59 earnings per share. Equities research analysts anticipate that United Bankshares, Inc. will post 3.64 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Stockholders of record on Friday, June 12th will be paid a $0.38 dividend. The ex-dividend date is Friday, June 12th. This represents a $1.52 annualized dividend and a dividend yield of 3.3%. United Bankshares’s dividend payout ratio is 42.58%.

United Bankshares Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for United Bankshares (NASDAQ:UBSI)

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