Sandy Spring Bank Has $896,000 Stake in United Bankshares, Inc. (NASDAQ:UBSI)

Sandy Spring Bank reduced its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 6.5% in the 4th quarter, Holdings Channel reports. The fund owned 23,858 shares of the financial services provider’s stock after selling 1,650 shares during the quarter. Sandy Spring Bank’s holdings in United Bankshares were worth $896,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new stake in shares of United Bankshares in the fourth quarter worth about $26,000. Jones Financial Companies Lllp increased its holdings 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 worth $33,000 after acquiring an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB grew its holdings in shares of United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after buying an additional 1,364 shares in the last quarter. Principal Securities Inc. grew its holdings in shares of United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after buying an additional 285 shares in the last quarter. Finally, Hopwood Financial Services Inc. bought a new position in shares of United Bankshares during the fourth quarter worth about $117,000. 70.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on UBSI shares. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price objective on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, January 27th. Stephens reiterated an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. Finally, Piper Sandler reiterated a “neutral” rating and set a $38.50 price objective on shares of United Bankshares in a report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $41.88.

United Bankshares Stock Performance

Shares of NASDAQ UBSI opened at $34.38 on Friday. The stock has a 50 day moving average price of $36.88 and a 200 day moving average price of $38.09. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $44.43. 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 stock has a market capitalization of $4.92 billion, a PE ratio of 12.55 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate 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 quarter in the previous year, the firm earned $0.59 earnings per share. Analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be given a $0.37 dividend. The ex-dividend date is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.30%. United Bankshares’s payout ratio is 54.01%.

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.