18,548 Shares in United Bankshares, Inc. $UBSI Bought by Csenge Advisory Group

Csenge Advisory Group acquired a new position in shares of United Bankshares, Inc. (NASDAQ:UBSIFree Report) in the second quarter, HoldingsChannel.com reports. The institutional investor acquired 18,548 shares of the financial services provider’s stock, valued at approximately $651,000.

A number of other large investors have also recently made changes to their positions in UBSI. Caitong International Asset Management Co. Ltd purchased a new stake in shares of United Bankshares during the 3rd quarter worth $25,000. Eurizon Capital SGR S.p.A. acquired a new position in United Bankshares in the 4th quarter valued at $26,000. Farther Finance Advisors LLC lifted its stake in shares of United Bankshares by 196.2% during the 4th quarter. Farther Finance Advisors LLC now owns 856 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 567 shares during the period. Root Financial Partners LLC boosted its holdings in shares of United Bankshares by 64.4% during the first quarter. Root Financial Partners LLC now owns 786 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 308 shares during the last quarter. Finally, EverSource Wealth Advisors LLC grew its position in shares of United Bankshares by 528.3% in the second quarter. EverSource Wealth Advisors LLC now owns 1,175 shares of the financial services provider’s stock valued at $43,000 after purchasing an additional 988 shares during the period. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

United Bankshares Stock Performance

Shares of United Bankshares stock opened at $47.69 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.97 and a debt-to-equity ratio of 0.10. The company has a market cap of $6.50 billion, a PE ratio of 12.99 and a beta of 0.71. The company has a 50 day moving average of $47.01 and a 200-day moving average of $44.20. United Bankshares, Inc. has a 1-year low of $34.10 and a 1-year high of $49.62.

United Bankshares (NASDAQ:UBSIGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.89 by $0.06. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. The business had revenue of $35.72 million during the quarter, compared to analysts’ expectations of $320.07 million. During the same period in the prior year, the company earned $0.85 EPS. As a group, equities research analysts forecast that United Bankshares, Inc. will post 3.71 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Hovde Group raised their target price on shares of United Bankshares from $49.00 to $50.00 and gave the stock a “market perform” rating in a research report on Friday, July 24th. Wall Street Zen upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, July 25th. Raymond James Financial lifted their price target on shares of United Bankshares from $49.00 to $50.00 and gave the company an “outperform” rating in a report on Wednesday, July 1st. Weiss Ratings restated a “buy (b)” rating on shares of United Bankshares in a report on Monday, July 6th. Finally, Keefe, Bruyette & Woods increased their target price on United Bankshares from $46.00 to $48.00 and gave the stock a “market perform” rating in a research report on Monday, July 27th. Three analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. Based on data from MarketBeat.com, United Bankshares currently has an average rating of “Hold” and a consensus price target of $47.80.

Read Our Latest Report on UBSI

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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