SoFi CEO enters prepaid forward contract on 1.5 million shares
Sara DuMond, a director at United Bankshares Inc. (NASDAQ:UBSI), has recently purchased a significant number of shares in the company. According to a recent SEC filing, DuMond acquired 2,600 shares of common stock on March 24, 2025, at a purchase price of $35.01 per share. This transaction, totaling $91,026, increases her direct ownership to 5,054 shares. The timing of this purchase appears strategic, as InvestingPro analysis indicates the stock is currently trading below its Fair Value, with a P/E ratio of 12.8 and a market capitalization of $5.05 billion.
The purchase reflects DuMond’s growing stake in the financial institution, which operates in the state commercial banks sector. United Bankshares, headquartered in Charleston, West Virginia, continues to be a key player in the regional banking industry. The company has demonstrated remarkable consistency in shareholder returns, maintaining dividend payments for 42 consecutive years and offering a current dividend yield of 4.3%. Investors anticipating the company’s next earnings report can mark their calendars for April 23, 2025.
In other recent news, United Bankshares Inc. has been the subject of analysis by two firms, Piper Sandler and DA Davidson, both of which have maintained a Neutral rating on the stock. Piper Sandler set a price target of $38.50, valuing the company at a slight premium over its peers. The firm noted United Bankshares’ strong profitability and potential for strategic capital deployment, such as mergers and acquisitions and share buyback programs. However, Piper Sandler also highlighted concerns about the bank’s exposure to the Washington D.C. area, which could limit its stock performance.
Meanwhile, DA Davidson revised its price target for United Bankshares to $40, down from $42. The revision comes despite the company’s core pre-provision net revenue exceeding expectations, driven by better net interest income and operating expenses. DA Davidson acknowledged the bank’s strong credit metrics and noted that deposit growth increased by 2%, with a slight contraction in net interest margin. The firm also mentioned the potential for mergers and acquisitions to support future growth, maintaining a Neutral stance on the stock.
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