1 week Ago By Defense World Staff
Prudential Financial Inc. trimmed its stake in United Bankshares, Inc. (NASDAQ:UBSI – Free Report) by 86.
5% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,240 shares of the financial services provider’s stock after selling 84,710 shares during the quarter. Prudential Financial Inc.
’s holdings in United Bankshares were worth $497,000 as of its most recent filing with the SEC. Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Raymond James Financial Inc.
acquired a new stake in United Bankshares during the fourth quarter worth about $14,948,000. Assenagon Asset Management S.A.
purchased a new stake in shares of United Bankshares during the 4th quarter worth about $7,383,000. Barclays PLC grew its holdings in shares of United Bankshares by 89.5% during the 3rd quarter.
Barclays PLC now owns 269,852 shares of the financial services provider’s stock worth $10,012,000 after purchasing an additional 127,486 shares during the period. Vanguard Group Inc. increased its position in United Bankshares by 0.
8% during the 4th quarter. Vanguard Group Inc. now owns 14,310,562 shares of the financial services provider’s stock worth $537,362,000 after purchasing an additional 115,681 shares in the last quarter.
Finally, AlphaQuest LLC raised its holdings in United Bankshares by 1,343.1% in the fourth quarter. AlphaQuest LLC now owns 81,407 shares of the financial services provider’s stock valued at $3,057,000 after buying an additional 75,766 shares during the period.
Institutional investors and hedge funds own 70.80% of the company’s stock. United Bankshares Stock PerformanceShares of UBSI stock opened at $33.
44 on Thursday. The company’s fifty day moving average price is $35.49 and its two-hundred day moving average price is $37.
70. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.
98 and a quick ratio of 0.98. The firm has a market capitalization of $4.
80 billion, a P/E ratio of 12.20 and a beta of 0.91.
United Bankshares, Inc. has a 12 month low of $30.51 and a 12 month high of $44.
43. United Bankshares (NASDAQ:UBSI – Get Free Report) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.
69 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01.
United Bankshares had a return on equity of 7.60% and a net margin of 22.94%.
During the same period in the prior year, the company earned $0.59 earnings per share. On average, research analysts anticipate that United Bankshares, Inc.
will post 2.81 earnings per share for the current fiscal year. United Bankshares Announces DividendThe business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st.
Investors of record on Friday, March 14th were issued a $0.37 dividend. The ex-dividend date was Friday, March 14th.
This represents a $1.48 annualized dividend and a yield of 4.43%.
United Bankshares’s dividend payout ratio is presently 54.01%. Analysts Set New Price TargetsSeveral equities research analysts have recently issued reports on the stock.
Stephens reissued an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. StockNews.
com lowered United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th.
Finally, Keefe, Bruyette & Woods dropped their target price on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a 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 company currently has a consensus rating of “Hold” and an average target price of $41.
88.Check Out Our Latest Stock Report on United BanksharesInsider Activity at United BanksharesIn related news, Director Sara Dumond bought 2,600 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were acquired at an average price of $35.
01 per share, for a total transaction of $91,026.00. Following the purchase, the director now owns 5,054 shares in the company, valued at $176,940.
54. This trade represents a 105.95 % increase in their position.
The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 3.66% of the stock is currently owned by corporate insiders.
About United Bankshares (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.
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(NASDAQ:UBSI – Free Report)..
