3,599 Shares in United Bankshares, Inc. $UBSI Acquired by Hilltop National Bank

Hilltop National Bank bought a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 3,599 shares of the financial services provider’s stock, valued at approximately $131,000.

Other large investors have also recently made changes to their positions in the company. Farther Finance Advisors LLC lifted its stake in shares of United Bankshares by 726.5% during the 1st quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider’s stock worth $33,000 after purchasing an additional 850 shares during the last quarter. Signaturefd LLC raised its holdings in United Bankshares by 2,281.0% in the second quarter. Signaturefd LLC now owns 1,000 shares of the financial services provider’s stock worth $36,000 after purchasing an additional 958 shares in the last quarter. Meeder Asset Management Inc. lifted its position in shares of United Bankshares by 144.2% during the first quarter. Meeder Asset Management Inc. now owns 1,155 shares of the financial services provider’s stock valued at $40,000 after buying an additional 682 shares during the last quarter. CWM LLC lifted its position in shares of United Bankshares by 226.9% during the first quarter. CWM LLC now owns 1,651 shares of the financial services provider’s stock valued at $57,000 after buying an additional 1,146 shares during the last quarter. Finally, Fifth Third Bancorp boosted its holdings in shares of United Bankshares by 44.4% in the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider’s stock valued at $59,000 after buying an additional 522 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Up 1.3%

Shares of UBSI stock opened at $37.19 on Friday. United Bankshares, Inc. has a twelve month low of $30.50 and a twelve month high of $44.43. The stock has a market cap of $5.27 billion, a P/E ratio of 13.14 and a beta of 0.76. The stock has a 50 day moving average of $37.23 and a 200 day moving average of $36.10. 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 (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.77 by $0.08. The business had revenue of $306.00 million for the quarter, compared to analyst estimates of $297.98 million. United Bankshares had a return on equity of 7.65% and a net margin of 23.14%.During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, sell-side analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were given a $0.37 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.0%. United Bankshares’s dividend payout ratio is 52.30%.

Wall Street Analyst Weigh In

UBSI has been the subject of a number of analyst reports. Weiss Ratings reissued a “buy (b-)” rating on shares of United Bankshares in a research report on Saturday, September 27th. Zacks Research upgraded United Bankshares to a “hold” rating in a report on Friday, August 8th. One research analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $40.50.

About United Bankshares

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.