United Bankshares
UBSI on Nasdaq. United Bankshares sells banking services and products to people and businesses. Market value $6.3bn.
Figures from the annual report for the year ended 31 December 2026.
We can't read total debt from the filing, so debt is left out.
Cash flow or capital spending isn't reported, so free cash flow is unknown.
Should I look at this?
Not a fit for our list right now
Why it could be worth it
Nothing stands out yet.
See Financial services stocks that passed both tests
This is not advice. Check the numbers below.
Yearly profit per dollar of owners' money: 8 cents. Above 10 is good.
We don't have this figure for this company.
We don't have this figure for this company.
Quality score: 75 of 100. Price score: not known. Our list needs 70 on quality and 60 on price.
$46.06 a share, 35% above its 1-year low
Over the past year the price has ranged from $34.10 to $49.62.
Prices from Tuesday’s close (6 October).
Five years of cash, in billions
| Revenue | |||||
| Revenue | $331m | $312m | n/a | n/a | n/a |
| Operating margin | |||||
| Operating margin | n/a | n/a | n/a | n/a | n/a |
| Debt to equity | |||||
| Debt to equity | n/a | n/a | n/a | n/a | n/a |
| Shares outstanding | |||||
| Shares outstanding | 0.13bn | 0.13bn | 0.14bn | 0.14bn | n/a |
Health checks
- Free cash flow positiveDoesn't apply to banks and insurers
- Accounting checksDoesn't apply to banks and insurers
- DebtDoesn't apply to banks and insurers
- Revenue growth, five yearsUnknown
The quarter to December 2026
How the business did, compared with the same quarter a year earlier.
| Quarter to | Amount |
|---|---|
| September 2024 | $95m |
| March 2025 | $84m |
| June 2025 | $121m |
| September 2025 | $131m |
| December 2025 | $129m |
| March 2026 | $124m |
| June 2026 | $131m |
| December 2026 | Not reported |
From the company's quarterly reports to the SEC.
Dates
- Next results (estimated)
- n/a
- Last annual report (10-K)
- 27 February 2026
- Next quarterly (estimated, 10-Q)
- 6 November 2026
Who owns it
1 long-term investor we follow owns it, down from 2 last quarter. 449 funds in all.
- Cambiar InvestorsBrian Barish
- Value
- $2m
- Share of fund
- <0.1%
| Fund | Value | Share of that fund | Change |
|---|---|---|---|
| Cambiar InvestorsBrian Barish | $2m | <0.1% |
Sold out this quarter
- GAMCO InvestorsMario GabelliSold out
Largest holders overall
- BlackRock$925m
- State Street$399mAdded
- Dimensional Fund Advisors LP$352m
- Vanguard Portfolio Management$334m
- Vanguard Capital Management$286m
- Geode Capital Management$188mAdded
- Earnest Partners$182mCut
- Victory Capital Management$135mCut
- AQR Capital Management$104mCut
- Northern Trust$78mAdded
From 13F filings for the quarter ended 30 June 2026.
Big holders and activists
2 investors own more than 5%.
- Vanguard Capital ManagementPassive investor5.3%Since 31 March 2026
- Vanguard Portfolio ManagementPassive investor5.3%Since 31 March 2026
- The Vanguard GroupPassive investorSold down below 5%Since 13 March 2026
| Holder | Stake | Since | |
|---|---|---|---|
Vanguard Capital Management Passive investor | 5.3% | 31 March 2026 | |
Vanguard Portfolio Management Passive investor | 5.3% | 31 March 2026 | |
The Vanguard Group Passive investor | Sold down below 5% | 13 March 2026 |
From Schedule 13D and 13G filings: anyone owning more than 5% must file one.
What insiders did
In the last 12 months, 1 insider bought $4,201 of shares on the open market. 1 sold $148,544.
- NESSELROAD MARK RDirectorSold
- Date
- 1 September 2026
- Shares
- 3,200
- Price
- $46.42
- Value
- $148,544
- Rice Lacy I IIIDirectorBought
- Date
- 28 January 2026
- Shares
- 101
- Price
- $41.59
- Value
- $4,201
| Date | Who | Did | Shares | Price | Value |
|---|---|---|---|---|---|
| 1 September 2026 | NESSELROAD MARK R Director | Sold | 3,200 | $46.42 | $148,544 |
| 28 January 2026 | Rice Lacy I III Director | Bought | 101 | $41.59 | $4,201 |
From Form 4 filings: insiders must report trades in their own company's shares within two days.
What could go wrong
Cheap for a reason is the question the numbers cannot answer.
Whether the price already reflects the risks is what the deep dive is for.
The deep dive
Everything above is arithmetic on public filings. The deep dive reads the last ten years of annual reports, the proxy statements, and the earnings calls, then argues the case the way Buffett, Klarman, and Hohn would, and checks every claim against the source.
- What the business is worth, as a range, and the margin of safety at today’s price
- Prices to start buying, buy, and buy hard
- The three things that would make this a mistake
- Every number footnoted to the filing it came from
Your first deep dive is free.
Not advice. Numbers on this page come from SEC filings and are updated each night; prices are updated again after the US market closes. The five-year figures are rounded.