Jackson Creek Investment Advisors LLC Purchases New Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Jackson Creek Investment Advisors LLC bought a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the 4th quarter, Holdings Channel.com reports. The fund bought 31,106 shares of the financial services provider’s stock, valued at approximately $1,168,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Fifth Third Bancorp increased its position in United Bankshares by 206.0% during the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider’s stock worth $37,000 after purchasing an additional 657 shares during the period. Key Financial Inc increased its position in United Bankshares by 735.6% during the 3rd quarter. Key Financial Inc now owns 1,830 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,611 shares during the period. Anchor Investment Management LLC acquired a new position in United Bankshares during the 4th quarter worth approximately $95,000. Covestor Ltd increased its position in United Bankshares by 133.7% during the 3rd quarter. Covestor Ltd now owns 3,659 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 2,093 shares during the period. Finally, Courier Capital LLC acquired a new position in United Bankshares during the 4th quarter worth approximately $217,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Raymond James upped their price target on United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a report on Friday, January 5th. Stephens lowered their price target on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a report on Friday.

United Bankshares Stock Performance

NASDAQ UBSI traded down $0.15 during trading hours on Tuesday, reaching $32.46. The company’s stock had a trading volume of 683,927 shares, compared to its average volume of 554,804. The business has a 50-day simple moving average of $34.17 and a 200 day simple moving average of $34.06. The stock has a market cap of $4.38 billion, a PE ratio of 12.44 and a beta of 1.00. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. United Bankshares, Inc. has a 52 week low of $25.35 and a 52 week high of $38.74.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. The company had revenue of $401.39 million during the quarter, compared to the consensus estimate of $256.80 million. During the same period in the prior year, the company posted $0.74 EPS. Equities research analysts predict that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.56%. The ex-dividend date was Thursday, March 7th. United Bankshares’s dividend payout ratio is currently 56.49%.

United Bankshares Company 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.