Dimensional Fund Advisors LP Buys 73,888 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Dimensional Fund Advisors LP lifted its stake in shares of United Bankshares, Inc. (NASDAQ:UBSIGet Rating) by 1.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,423,248 shares of the financial services provider’s stock after purchasing an additional 73,888 shares during the period. Dimensional Fund Advisors LP owned 4.70% of United Bankshares worth $224,046,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in UBSI. Godsey & Gibb Associates bought a new stake in United Bankshares during the first quarter worth $37,000. Exchange Traded Concepts LLC acquired a new stake in United Bankshares in the 1st quarter valued at about $40,000. Covestor Ltd acquired a new position in United Bankshares during the fourth quarter worth approximately $50,000. Massmutual Trust Co. FSB ADV acquired a new position in United Bankshares during the first quarter worth approximately $53,000. Finally, Lazard Asset Management LLC bought a new stake in United Bankshares in the fourth quarter valued at approximately $55,000. Institutional investors and hedge funds own 69.61% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UBSI shares. DA Davidson restated a “neutral” rating on shares of United Bankshares in a research note on Wednesday, July 27th. Janney Montgomery Scott initiated coverage on shares of United Bankshares in a research note on Tuesday. They set a “buy” rating and a $40.00 target price for the company. Raymond James decreased their price target on shares of United Bankshares from $40.00 to $39.00 and set an “outperform” rating on the stock in a research note on Thursday, July 7th. Finally, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Friday. Three equities research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $39.00.

United Bankshares Stock Up 0.1 %

Shares of UBSI opened at $35.99 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.88 and a debt-to-equity ratio of 0.18. The stock has a market capitalization of $4.84 billion, a PE ratio of 13.95 and a beta of 1.10. The firm’s 50 day moving average is $37.43 and its 200-day moving average is $35.96. United Bankshares, Inc. has a 12 month low of $31.74 and a 12 month high of $40.85.

United Bankshares (NASDAQ:UBSIGet Rating) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.71 earnings per share for the quarter, beating the consensus estimate of $0.63 by $0.08. United Bankshares had a return on equity of 7.53% and a net margin of 33.26%. During the same period in the previous year, the firm posted $0.73 earnings per share. Equities research analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, October 3rd. Shareholders of record on Friday, September 9th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Thursday, September 8th. This represents a $1.44 dividend on an annualized basis and a yield of 4.00%. United Bankshares’s payout ratio is 55.81%.

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.

Further Reading

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

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