United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its position in United Bankshares, Inc. (NASDAQ:UBSI) by 4.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 18,596 shares of the financial services provider’s stock after buying an additional 751 shares during the period. Rockefeller Capital Management L.P.’s holdings in United Bankshares were worth $698,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Sterling Capital Management LLC boosted its holdings in shares of United Bankshares by 9.9% in the 4th quarter. Sterling Capital Management LLC now owns 60,326 shares of the financial services provider’s stock valued at $2,265,000 after purchasing an additional 5,424 shares during the last quarter. Raymond James Financial Inc. purchased a new stake in United Bankshares during the 4th quarter worth approximately $14,948,000. Advisory Services Network LLC increased its stake in shares of United Bankshares by 52.1% in the fourth quarter. Advisory Services Network LLC now owns 29,101 shares of the financial services provider’s stock worth $1,093,000 after buying an additional 9,971 shares during the last quarter. Invesco Ltd. raised its stake in shares of United Bankshares by 7.3% in the 4th quarter. Invesco Ltd. now owns 900,377 shares of the financial services provider’s stock valued at $33,809,000 after purchasing an additional 61,109 shares in the last quarter. Finally, Bank of Montreal Can lifted its holdings in United Bankshares by 5.6% during the 4th quarter. Bank of Montreal Can now owns 42,371 shares of the financial services provider’s stock worth $1,591,000 after buying an additional 2,255 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Trading Up 3.0 %

NASDAQ UBSI opened at $33.93 on Wednesday. The stock has a market cap of $4.87 billion, a price-to-earnings ratio of 12.38 and a beta of 0.91. The firm’s 50 day moving average price is $34.48 and its two-hundred day moving average price is $37.48. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a twelve month low of $30.51 and a twelve month high of $44.43.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same quarter last year, the company posted $0.59 earnings per share. Equities analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.36%. The ex-dividend date was Friday, March 14th. United Bankshares’s dividend payout ratio is 54.01%.

Insiders Place Their Bets

In other United Bankshares news, Director Sara Dumond acquired 2,600 shares of United Bankshares stock in a transaction dated Monday, March 24th. The stock was bought at an average cost of $35.01 per share, with a total value of $91,026.00. Following the completion of the transaction, the director now owns 5,054 shares of the company’s stock, valued at $176,940.54. The trade was a 105.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.66% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently issued reports on the stock. Piper Sandler restated a “neutral” rating and issued a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. Stephens reissued an “equal weight” rating and issued a $43.00 price target on shares of United Bankshares in a research note on Monday, January 27th. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average target price of $41.88.

United Bankshares Company 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.