Advantage Alpha Capital Partners LP Has $508,000 Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Advantage Alpha Capital Partners LP raised its position in United Bankshares, Inc. (NASDAQ:UBSI) by 40.6% in the 3rd quarter, Holdings Channel reports. The firm owned 13,690 shares of the financial services provider’s stock after buying an additional 3,952 shares during the period. Advantage Alpha Capital Partners LP’s holdings in United Bankshares were worth $508,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of the company. Inspire Investing LLC grew its holdings in shares of United Bankshares by 2.7% in the 3rd quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider’s stock valued at $412,000 after buying an additional 291 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in United Bankshares by 5.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,587 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 350 shares in the last quarter. Daiwa Securities Group Inc. grew its stake in United Bankshares by 3.6% in the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 427 shares during the period. Vanguard Personalized Indexing Management LLC increased its holdings in shares of United Bankshares by 4.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the financial services provider’s stock worth $401,000 after acquiring an additional 479 shares in the last quarter. Finally, GAMMA Investing LLC raised its position in shares of United Bankshares by 34.6% during the third quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 534 shares during the period. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at United Bankshares

In other 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 value of $200,000.00. Following the completion of the transaction, the director now owns 434,769 shares in the company, valued at $17,390,760. This trade represents a 1.14 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 3.66% of the stock is currently owned by insiders.

United Bankshares Price Performance

Shares of NASDAQ UBSI opened at $42.87 on Wednesday. The company has a fifty day moving average price of $38.57 and a 200 day moving average price of $36.13. The firm has a market cap of $5.80 billion, a PE ratio of 16.24 and a beta of 0.98. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. The company had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. During the same period in the prior year, the firm earned $0.71 earnings per share. Research analysts predict that United Bankshares, Inc. will post 2.73 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 Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.45%. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

Wall Street Analysts Forecast Growth

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

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.