2 weeks Ago By ABMN Staff
Envestnet Asset Management Inc. raised its holdings in United Bankshares, Inc. ( NASDAQ:UBSI – Free Report ) by 3.
3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 256,203 shares of the financial services provider’s stock after purchasing an additional 8,174 shares during the period. Envestnet Asset Management Inc.
’s holdings in United Bankshares were worth $8,311,000 at the end of the most recent quarter. A number of other large investors have also added to or reduced their stakes in UBSI. GAMMA Investing LLC lifted its holdings in shares of United Bankshares by 253.
5% during the 2nd quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock worth $50,000 after acquiring an additional 1,108 shares during the period. Kapitalo Investimentos Ltda acquired a new position in United Bankshares in the 4th quarter valued at approximately $58,000.
New Covenant Trust Company N.A. acquired a new position in United Bankshares during the 1st quarter worth about $79,000.
Innealta Capital LLC acquired a new stake in United Bankshares during the 2nd quarter valued at approximately $116,000. Finally, TFO Wealth Partners LLC lifted its holdings in United Bankshares by 47,150.0% in the fourth quarter.
TFO Wealth Partners LLC now owns 3,780 shares of the financial services provider’s stock valued at $142,000 after buying an additional 3,772 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.
United Bankshares Stock Performance United Bankshares stock 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 1-year low of $25.35 and a 1-year high of $39.
93. The firm has a market capitalization of $4.97 billion, a PE ratio of 14.
04 and a beta of 0.99. The firm’s 50 day simple moving average is $37.
21 and its 200 day simple moving average is $34.69. United Bankshares Announces Dividend The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st.
Shareholders of record on Friday, September 13th will be given a dividend of $0.37 per share. The ex-dividend date is Friday, September 13th.
This represents a $1.48 dividend on an annualized basis and a yield of 4.02%.
United Bankshares’s payout ratio is 56.49%. Analysts Set New Price Targets UBSI has been the topic of a number of research reports.
DA Davidson boosted their target price on shares of United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research report on Friday, July 26th.
Keefe, Bruyette & Woods increased their price objective on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, July 26th.
Stephens raised their target price on United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research report on Friday, July 26th.
Finally, StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has issued a buy rating to the company.
According to data from MarketBeat.com, United Bankshares presently has an average rating of “Hold” and a consensus price target of $40.25.
Read Our Latest Research Report on United Bankshares 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.
See Also 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 ).
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