Dimensional Fund Advisors LP Has $273.78 Million Position in United Bankshares, Inc. (NASDAQ:UBSI)

Dimensional Fund Advisors LP increased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSIFree Report) by 2.4% in the 4th quarter, Holdings Channel.com reports. The firm owned 7,291,001 shares of the financial services provider’s stock after acquiring an additional 172,997 shares during the quarter. Dimensional Fund Advisors LP owned approximately 0.05% of United Bankshares worth $273,782,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in UBSI. Fifth Third Bancorp raised its stake in shares of United Bankshares by 206.0% in the fourth quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider’s stock valued at $37,000 after purchasing an additional 657 shares in the last quarter. Hexagon Capital Partners LLC lifted its holdings in shares of United Bankshares by 449.0% during the 4th quarter. Hexagon Capital Partners LLC now owns 1,345 shares of the financial services provider’s stock worth $51,000 after acquiring an additional 1,100 shares during the period. Key Financial Inc boosted its position in shares of United Bankshares by 735.6% during the 3rd quarter. Key Financial Inc now owns 1,830 shares of the financial services provider’s stock valued at $50,000 after acquiring an additional 1,611 shares in the last quarter. Anchor Investment Management LLC acquired a new position in United Bankshares in the fourth quarter worth about $95,000. Finally, Covestor Ltd lifted its stake in United Bankshares by 133.7% during the third quarter. Covestor Ltd now owns 3,659 shares of the financial services provider’s stock worth $101,000 after purchasing an additional 2,093 shares during the period. Institutional investors own 70.80% of the company’s stock.

United Bankshares Trading Up 0.3 %

Shares of UBSI stock traded up $0.09 on Monday, reaching $34.50. 156,718 shares of the stock were exchanged, compared to its average volume of 534,260. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 0.99. United Bankshares, Inc. has a one year low of $25.35 and a one year high of $38.74. The stock has a market cap of $4.66 billion, a PE ratio of 13.13 and a beta of 1.01. The stock has a 50 day moving average price of $34.05 and a 200 day moving average price of $34.50.

United Bankshares (NASDAQ:UBSIGet Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). The firm had revenue of $401.39 million for the quarter, compared to the consensus estimate of $256.80 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. During the same period in the prior year, the firm posted $0.74 earnings per share. Equities research analysts forecast that United Bankshares, Inc. will post 2.62 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a $0.37 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a yield of 4.29%. United Bankshares’s payout ratio is presently 56.49%.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on UBSI. Stephens lowered their price objective on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. Keefe, Bruyette & Woods reduced their price objective on United Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a research note on Friday, May 3rd. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, United Bankshares presently has an average rating of “Hold” and a consensus target price of $37.00.

View Our Latest Report on UBSI

About United Bankshares

(Free Report)

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.

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Institutional Ownership by Quarter for United Bankshares (NASDAQ:UBSI)

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