United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by Dimensional Fund Advisors LP

Dimensional Fund Advisors LP boosted its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 1.8% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,907,665 shares of the financial services provider’s stock after purchasing an additional 142,545 shares during the period. Dimensional Fund Advisors LP owned approximately 5.85% of United Bankshares worth $256,521,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the stock. Envestnet Asset Management Inc. increased its holdings in United Bankshares by 3.3% in the 2nd quarter. Envestnet Asset Management Inc. now owns 256,203 shares of the financial services provider’s stock valued at $8,311,000 after purchasing an additional 8,174 shares in the last quarter. Oppenheimer Asset Management Inc. increased its holdings in United Bankshares by 27.0% in the 2nd quarter. Oppenheimer Asset Management Inc. now owns 106,217 shares of the financial services provider’s stock valued at $3,446,000 after purchasing an additional 22,565 shares in the last quarter. American Century Companies Inc. increased its holdings in United Bankshares by 3.6% in the 2nd quarter. American Century Companies Inc. now owns 73,340 shares of the financial services provider’s stock valued at $2,379,000 after purchasing an additional 2,577 shares in the last quarter. Daiwa Securities Group Inc. increased its holdings in United Bankshares by 27.5% in the 2nd quarter. Daiwa Securities Group Inc. now owns 11,901 shares of the financial services provider’s stock valued at $386,000 after purchasing an additional 2,565 shares in the last quarter. Finally, Anchor Capital Advisors LLC increased its holdings in United Bankshares by 5.7% in the 2nd quarter. Anchor Capital Advisors LLC now owns 54,135 shares of the financial services provider’s stock valued at $1,756,000 after purchasing an additional 2,930 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Stock Performance

Shares of UBSI stock opened at $37.57 on Thursday. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. United Bankshares, Inc. has a one year low of $25.35 and a one year high of $39.93. The company’s 50-day simple moving average is $36.94 and its 200-day simple moving average is $34.56. The stock has a market capitalization of $5.08 billion, a price-to-earnings ratio of 14.34 and a beta of 0.99.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. The business had revenue of $255.94 million for the quarter, compared to analysts’ expectations of $255.54 million. During the same quarter last year, the company posted $0.68 earnings per share. The company’s quarterly revenue was down 2.6% compared to the same quarter last year. Equities analysts anticipate that United Bankshares, Inc. will post 2.7 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, September 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.94%. United Bankshares’s payout ratio is 56.49%.

Analyst Ratings Changes

Several analysts have recently weighed in on the company. Stephens raised their target price on United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their target price on United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. StockNews.com upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, DA Davidson raised their target price on United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, United Bankshares presently has a consensus rating of “Hold” and a consensus price target of $40.25.

United Bankshares Profile

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.