MetLife Investment Management LLC raised its holdings in United Bankshares, Inc. (NASDAQ:UBSI – Get Rating) by 37.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 154,626 shares of the financial services provider's stock after purchasing an additional 42,146 shares during the quarter. MetLife Investment Management LLC owned approximately 0.11% of United Bankshares worth $5,393,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the business. Wellington Shields Capital Management LLC acquired a new stake in shares of United Bankshares in the 1st quarter valued at $111,000. Bank of Montreal Can increased its stake in shares of United Bankshares by 1.0% in the 1st quarter. Bank of Montreal Can now owns 36,804 shares of the financial services provider's stock valued at $1,303,000 after buying an additional 356 shares during the period. Natixis Advisors L.P. increased its stake in shares of United Bankshares by 1.2% in the 1st quarter. Natixis Advisors L.P. now owns 197,652 shares of the financial services provider's stock valued at $6,894,000 after buying an additional 2,410 shares during the period. Cetera Advisor Networks LLC increased its stake in shares of United Bankshares by 41.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 10,429 shares of the financial services provider's stock valued at $364,000 after buying an additional 3,062 shares during the period. Finally, Cetera Advisors LLC increased its stake in shares of United Bankshares by 6.1% in the 1st quarter. Cetera Advisors LLC now owns 6,059 shares of the financial services provider's stock valued at $211,000 after buying an additional 346 shares during the period. Institutional investors own 69.61% of the company's stock.

United Bankshares Stock Down 0.7 %

Shares of United Bankshares stock opened at $36.42 on Monday. The company has a quick ratio of 0.88, a current ratio of 0.89 and a debt-to-equity ratio of 0.18. United Bankshares, Inc. has a 12 month low of $31.74 and a 12 month high of $40.85. The business has a fifty day simple moving average of $37.35 and a 200 day simple moving average of $35.99. The stock has a market cap of $4.90 billion, a PE ratio of 14.12 and a beta of 1.10.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be issued a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.44 annualized dividend and a yield of 3.95%. United Bankshares's dividend payout ratio is presently 55.81%.

Wall Street Analysts Forecast Growth

UBSI has been the subject of several research reports. Raymond James lowered their target price on United Bankshares from $40.00 to $39.00 and set an "outperform" rating for the company in a research note on Thursday, July 7th. DA Davidson reissued a "neutral" rating on shares of United Bankshares in a research note on Wednesday, July 27th. Finally, StockNews.com cut United Bankshares from a "hold" rating to a "sell" rating in a research note on Thursday.

United Bankshares Company Profile

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United Bankshares, Inc, a financial holding company, 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, NOW accounts, and interest-bearing checking accounts.

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