Dynamic Technology Lab Private Ltd Purchases 28,416 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Dynamic Technology Lab Private Ltd boosted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 393.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 35,633 shares of the financial services provider’s stock after acquiring an additional 28,416 shares during the period. Dynamic Technology Lab Private Ltd’s holdings in United Bankshares were worth $1,338,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBSI. SBI Securities Co. Ltd. acquired a new stake in United Bankshares in the 4th quarter valued at approximately $26,000. Jones Financial Companies Lllp boosted its position in shares of United Bankshares by 55.8% in the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock valued at $33,000 after acquiring an additional 310 shares during the period. Wilmington Savings Fund Society FSB grew its stake in shares of United Bankshares by 1,921.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,364 shares during the last quarter. Nomura Asset Management Co. Ltd. increased its position in United Bankshares by 37.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider’s stock worth $56,000 after acquiring an additional 400 shares during the period. Finally, Headlands Technologies LLC acquired a new position in United Bankshares during the 4th quarter valued at $85,000. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Price Performance

NASDAQ:UBSI opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The company has a 50-day moving average of $36.11 and a 200-day moving average of $37.89. United Bankshares, Inc. has a 52 week low of $30.51 and a 52 week high of $44.43. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 11.55 and a beta of 0.91.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping 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 in the previous year, the business earned $0.59 earnings per share. As a group, equities research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.68%. The ex-dividend date of this dividend was Friday, March 14th. United Bankshares’s dividend payout ratio is 54.01%.

Wall Street Analysts Forecast Growth

UBSI has been the topic of several research analyst reports. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Stephens reissued an “equal weight” rating and set a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th. Piper Sandler reaffirmed a “neutral” rating and issued a $38.50 price target on shares of United Bankshares in a report on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods reduced their price objective on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. Based on data from MarketBeat, United Bankshares presently has a consensus rating of “Hold” and a consensus target price of $41.88.

Insider Buying and Selling at United Bankshares

In other news, Director Sara Dumond bought 2,600 shares of United Bankshares stock in a transaction dated Monday, March 24th. The shares were bought 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 of the company’s stock, valued at approximately $176,940.54. This trade represents a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Company insiders own 3.66% of the company’s stock.

United Bankshares 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.