EntryPoint Capital LLC Purchases New Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

EntryPoint Capital LLC acquired a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 8,268 shares of the financial services provider’s stock, valued at approximately $310,000.

Several other large investors also recently added to or reduced their stakes in UBSI. Integrated Investment Consultants LLC boosted its position in shares of United Bankshares by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider’s stock worth $471,000 after buying an additional 270 shares during the period. Principal Securities Inc. lifted its stake in United Bankshares by 10.1% in the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 285 shares in the last quarter. Arizona State Retirement System boosted its position in United Bankshares by 0.8% during the 4th quarter. Arizona State Retirement System now owns 39,225 shares of the financial services provider’s stock worth $1,473,000 after acquiring an additional 296 shares during the period. Jones Financial Companies Lllp grew its stake in United Bankshares by 55.8% during the 4th 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 in the last quarter. Finally, HighTower Advisors LLC increased its holdings in shares of United Bankshares by 1.7% in the 3rd quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider’s stock valued at $730,000 after purchasing an additional 332 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Sara Dumond acquired 2,600 shares of United Bankshares stock in a transaction dated Monday, March 24th. The stock was acquired at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the purchase, the director now owns 5,054 shares of the company’s stock, valued at $176,940.54. This represents a 105.95 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this link. Company insiders own 3.66% of the company’s stock.

United Bankshares Stock Performance

Shares of UBSI opened at $34.86 on Friday. The firm has a market cap of $4.99 billion, a price-to-earnings ratio of 12.72 and a beta of 0.98. The company’s fifty day moving average is $36.68 and its 200-day moving average is $38.02. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43.

United Bankshares (NASDAQ:UBSI) last posted its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share 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 last year, the company earned $0.59 EPS. Equities analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Investors of record on Friday, March 14th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 annualized dividend and a yield of 4.25%. United Bankshares’s dividend payout ratio (DPR) is currently 54.01%.

Wall Street Analyst Weigh In

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

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.