2 weeks Ago By ABMN Staff
American Century Companies Inc. grew its stake in United Bankshares, Inc. ( NASDAQ:UBSI – Free Report ) by 3.
6% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 73,340 shares of the financial services provider’s stock after acquiring an additional 2,577 shares during the period. American Century Companies Inc.
owned 0.05% of United Bankshares worth $2,379,000 at the end of the most recent quarter. A number of other hedge funds and other institutional investors have also bought and sold shares of UBSI.
Kapitalo Investimentos Ltda acquired a new stake in United Bankshares during the fourth quarter worth approximately $58,000. GAMMA Investing LLC grew its stake in shares of United Bankshares by 253.5% during the second quarter.
GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock worth $50,000 after buying an additional 1,108 shares during the last quarter. New Covenant Trust Company N.A.
bought a new stake in shares of United Bankshares during the first quarter worth $79,000. Innealta Capital LLC bought a new stake in shares of United Bankshares during the second quarter worth $116,000. Finally, TFO Wealth Partners LLC grew its stake in shares of United Bankshares by 47,150.
0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,780 shares of the financial services provider’s stock worth $142,000 after buying an additional 3,772 shares during the last quarter. Institutional investors own 70.
80% of the company’s stock. United Bankshares Trading Down 0.1 % NASDAQ UBSI opened at $36.
79 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.
99 and a debt-to-equity ratio of 0.31. United Bankshares, Inc.
has a 12 month low of $25.35 and a 12 month high of $39.93.
The stock has a market cap of $4.97 billion, a P/E ratio of 14.04 and a beta of 0.
99. The stock’s fifty day moving average price is $37.21 and its 200-day moving average price is $34.
70. United Bankshares Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.
37 dividend. The ex-dividend date is Friday, September 13th. This represents a $1.
48 dividend on an annualized basis and a dividend yield of 4.02%. United Bankshares’s dividend payout ratio (DPR) is presently 56.
49%. Analyst Ratings Changes Several brokerages recently weighed in on UBSI. Keefe, Bruyette & Woods boosted their price objective on shares of United Bankshares from $38.
00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. StockNews.
com downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday. Stephens lifted their target price on United Bankshares from $36.00 to $39.
00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Finally, DA Davidson boosted their price objective on United Bankshares from $36.00 to $41.
00 and gave the company a “neutral” rating in a research note on Friday, July 26th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has given a buy rating to the company’s stock. According to MarketBeat.
com, United Bankshares presently has a consensus rating of “Hold” and an average target price of $40.25. View Our Latest Stock Report on UBSI United Bankshares Company Profile ( Free Report ) 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. Featured Articles Want to see what other hedge funds are holding UBSI? Visit HoldingsChannel.
com to get the latest 13F filings and insider trades for United Bankshares, Inc. ( NASDAQ:UBSI – Free Report ). Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.
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