United Bankshares, Inc. $UBSI Shares Purchased by Systematic Financial Management LP

Key Points

• Systematic Financial Management LP increased its position in United Bankshares by 5.9%, now owning approximately 423,479 shares valued at $14.68 million.
• United Bankshares reported $0.85 earnings per share for the previous quarter, exceeding analysts' expectations of $0.77.
• The company's average price target is $40.50, with mixed ratings from research firms, including a downgrade to "sell" from Wall Street Zen.

Systematic Financial Management LP raised its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 5.9% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 423,479 shares of the financial services provider's stock after purchasing an additional 23,747 shares during the quarter. Systematic Financial Management LP owned 0.30% of United Bankshares worth $14,682,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in UBSI. Tower Research Capital LLC TRC raised its position in shares of United Bankshares by 2.7% during the fourth quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider's stock valued at $467,000 after buying an additional 327 shares during the last quarter. Cerity Partners LLC raised its position in shares of United Bankshares by 0.8% during the first quarter. Cerity Partners LLC now owns 42,211 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 346 shares during the last quarter. Teacher Retirement System of Texas raised its position in shares of United Bankshares by 1.8% during the first quarter. Teacher Retirement System of Texas now owns 20,813 shares of the financial services provider's stock valued at $722,000 after buying an additional 371 shares during the last quarter. Captrust Financial Advisors raised its position in shares of United Bankshares by 0.7% during the fourth quarter. Captrust Financial Advisors now owns 73,655 shares of the financial services provider's stock valued at $2,766,000 after buying an additional 510 shares during the last quarter. Finally, Fifth Third Bancorp raised its position in shares of United Bankshares by 44.4% during the first quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider's stock valued at $59,000 after buying an additional 522 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company's stock.

Analyst Ratings Changes

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

United Bankshares Stock Performance

UBSI traded down $0.48 during trading on Thursday, reaching $38.20. 155,025 shares of the company's stock were exchanged, compared to its average volume of 776,933. United Bankshares, Inc. has a 1 year low of $30.50 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $5.41 billion, a P/E ratio of 13.50 and a beta of 0.79. The company's fifty day simple moving average is $36.91 and its 200-day simple moving average is $35.80.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings data on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.08. The business had revenue of $306.00 million for the quarter, compared to analysts' expectations of $297.98 million. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. During the same quarter last year, the company earned $0.71 EPS. As a group, research analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, October 1st. Investors of record on Friday, September 12th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, September 12th. This represents a $1.48 dividend on an annualized basis and a yield of 3.9%. United Bankshares's dividend payout ratio (DPR) is currently 52.30%.

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.