Intech Investment Management LLC Acquires 10,668 Shares of United Bankshares, Inc. $UBSI

Key Points

• Intech Investment Management LLC increased its stake in United Bankshares by 20.8%, acquiring an additional 10,668 shares, bringing its total holdings to 61,971 shares valued at $2,149,000.
• Several large investors have significantly boosted their holdings in United Bankshares, with Focus Partners Wealth increasing by 178.6% and Jane Street Group LLC by 564.0%.
• United Bankshares recently declared a quarterly dividend of $0.37 per share, resulting in a 4.0% yield and a dividend payout ratio of 52.30%.

Intech Investment Management LLC increased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 20.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 61,971 shares of the financial services provider's stock after acquiring an additional 10,668 shares during the quarter. Intech Investment Management LLC's holdings in United Bankshares were worth $2,149,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of UBSI. Focus Partners Wealth boosted its holdings in United Bankshares by 178.6% in the 1st quarter. Focus Partners Wealth now owns 73,102 shares of the financial services provider's stock valued at $2,534,000 after purchasing an additional 46,863 shares during the period. Jane Street Group LLC boosted its holdings in United Bankshares by 564.0% in the 1st quarter. Jane Street Group LLC now owns 182,540 shares of the financial services provider's stock valued at $6,329,000 after purchasing an additional 155,051 shares during the period. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in United Bankshares by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 409,428 shares of the financial services provider's stock valued at $14,195,000 after purchasing an additional 28,366 shares during the period. United Services Automobile Association bought a new stake in United Bankshares in the 1st quarter valued at $296,000. Finally, Teza Capital Management LLC bought a new stake in United Bankshares in the 1st quarter valued at $294,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on UBSI. Wall Street Zen downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Zacks Research raised shares of United Bankshares to a "hold" rating in a report on Friday, August 8th. Four equities research analysts have rated the stock with a Hold rating, According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $40.50.

United Bankshares Stock Down 0.7%

Shares of NASDAQ UBSI opened at $37.15 on Tuesday. The stock has a market cap of $5.26 billion, a P/E ratio of 13.13 and a beta of 0.82. The firm has a 50 day moving average price of $37.25 and a 200 day moving average price of $35.88. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a 52-week low of $30.50 and a 52-week high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, beating analysts' consensus estimates of $0.77 by $0.08. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. The firm had revenue of $306.00 million for the quarter, compared to analyst estimates of $297.98 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.0%. The ex-dividend date of this dividend is Friday, September 12th. United Bankshares's dividend payout ratio is 52.30%.

United Bankshares Company 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.

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