United Bankshares, Inc. (NASDAQ:UBSI) Stock Holdings Increased by BNP PARIBAS ASSET MANAGEMENT Holding S.A.

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 10.0% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 468,851 shares of the financial services provider’s stock after buying an additional 42,689 shares during the period. BNP PARIBAS ASSET MANAGEMENT Holding S.A. owned about 0.35% of United Bankshares worth $17,394,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. ProShare Advisors LLC boosted its holdings in shares of United Bankshares by 110.4% in the 2nd quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock valued at $71,577,000 after buying an additional 1,157,579 shares during the period. Vaughan Nelson Investment Management L.P. boosted its stake in United Bankshares by 16.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock valued at $57,805,000 after acquiring an additional 223,150 shares during the period. Dimensional Fund Advisors LP grew its holdings in shares of United Bankshares by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock valued at $256,521,000 after purchasing an additional 142,545 shares during the last quarter. Systematic Financial Management LP raised its position in shares of United Bankshares by 73.8% during the 2nd quarter. Systematic Financial Management LP now owns 279,039 shares of the financial services provider’s stock worth $9,052,000 after purchasing an additional 118,501 shares during the period. Finally, Nicholson Wealth Management Group LLC bought a new stake in shares of United Bankshares in the 3rd quarter worth approximately $2,849,000. Institutional investors own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $40.25.

United Bankshares Stock Performance

Shares of UBSI stock opened at $42.81 on Friday. The business has a 50 day simple moving average of $38.46 and a 200 day simple moving average of $36.05. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $5.79 billion, a price-to-earnings ratio of 16.22 and a beta of 0.98. United Bankshares, Inc. has a 12-month low of $30.68 and a 12-month high of $43.77.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $414.67 million for the quarter, compared to analyst estimates of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period last year, the company earned $0.71 earnings per share. On average, equities research analysts anticipate that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.46%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

Insider Activity at United Bankshares

In related news, Director Peter A. Converse sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the completion of the transaction, the director now owns 434,769 shares of the company’s stock, valued at $17,390,760. This trade represents a 1.14 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 3.66% of the company’s stock.

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.