Segall Bryant & Hamill LLC Has $10.01 Million Holdings in United Bankshares, Inc. $UBSI

Segall Bryant & Hamill LLC increased its position in United Bankshares, Inc. (NASDAQ:UBSI) by 19.6% in the third quarter, according to its most recent 13F filing with the SEC. The firm owned 268,985 shares of the financial services provider’s stock after purchasing an additional 44,024 shares during the period. Segall Bryant & Hamill LLC owned about 0.19% of United Bankshares worth $10,009,000 at the end of the most recent reporting period.

Several other large investors also recently added to or reduced their stakes in UBSI. Brighton Jones LLC boosted its position in shares of United Bankshares by 4.6% in the fourth quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider’s stock worth $634,000 after buying an additional 748 shares during the period. Royal Bank of Canada raised its position in United Bankshares by 2.0% during the first quarter. Royal Bank of Canada now owns 66,649 shares of the financial services provider’s stock valued at $2,310,000 after buying an additional 1,298 shares during the period. Millennium Management LLC lifted its stake in United Bankshares by 464.1% in the 1st quarter. Millennium Management LLC now owns 137,336 shares of the financial services provider’s stock worth $4,761,000 after acquiring an additional 112,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC lifted its stake in United Bankshares by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 409,428 shares of the financial services provider’s stock worth $14,195,000 after acquiring an additional 28,366 shares in the last quarter. Finally, Jane Street Group LLC boosted its position in United Bankshares by 564.0% during the 1st quarter. Jane Street Group LLC now owns 182,540 shares of the financial services provider’s stock worth $6,329,000 after acquiring an additional 155,051 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods increased their price target on shares of United Bankshares from $40.00 to $43.00 and gave the stock a “market perform” rating in a research report on Monday, January 26th. Zacks Research upgraded shares of United Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Monday, February 2nd. Stephens increased their target price on shares of United Bankshares from $40.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Friday, January 23rd. Weiss Ratings upgraded shares of United Bankshares from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, February 13th. Finally, Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 price target on shares of United Bankshares in a research note on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, two have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.67.

United Bankshares Price Performance

Shares of UBSI opened at $41.38 on Thursday. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market cap of $5.77 billion, a PE ratio of 12.65 and a beta of 0.76. The firm’s 50 day moving average price is $41.88 and its 200 day moving average price is $38.93. United Bankshares, Inc. has a twelve month low of $30.50 and a twelve month high of $45.92.

United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, January 22nd. The financial services provider reported $0.91 EPS for the quarter, topping the consensus estimate of $0.86 by $0.05. The company had revenue of $430.85 million during the quarter, compared to the consensus estimate of $315.50 million. United Bankshares had a net margin of 25.51% and a return on equity of 8.60%. During the same period in the previous year, the firm posted $0.69 earnings per share. As a group, research analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 1st. Shareholders of record on Friday, March 13th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a yield of 3.7%. The ex-dividend date of this dividend is Friday, March 13th. United Bankshares’s dividend payout ratio is presently 46.48%.

United Bankshares Company Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.