Vaughan Nelson Investment Management L.P. Acquires 581,870 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Vaughan Nelson Investment Management L.P. increased its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 103.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,142,091 shares of the financial services provider's stock after buying an additional 581,870 shares during the period. Vaughan Nelson Investment Management L.P. owned about 0.85% of United Bankshares worth $42,885,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBSI. Fifth Third Bancorp increased its stake in United Bankshares by 206.0% during the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider's stock worth $37,000 after buying an additional 657 shares during the period. Point72 Asset Management L.P. bought a new stake in shares of United Bankshares in the 4th quarter worth about $43,000. Key Financial Inc increased its position in shares of United Bankshares by 735.6% in the 3rd quarter. Key Financial Inc now owns 1,830 shares of the financial services provider's stock worth $50,000 after purchasing an additional 1,611 shares during the last quarter. Steward Partners Investment Advisory LLC increased its position in shares of United Bankshares by 427.8% in the 1st quarter. Steward Partners Investment Advisory LLC now owns 1,974 shares of the financial services provider's stock worth $69,000 after purchasing an additional 1,600 shares during the last quarter. Finally, Covestor Ltd increased its position in shares of United Bankshares by 74.7% in the 1st quarter. Covestor Ltd now owns 2,420 shares of the financial services provider's stock worth $84,000 after purchasing an additional 1,035 shares during the last quarter. Hedge funds and other institutional investors own 70.80% of the company's stock.

United Bankshares Stock Up 0.1 %

Shares of UBSI traded up $0.02 during midday trading on Friday, hitting $34.06. The company had a trading volume of 297,962 shares, compared to its average volume of 559,262. United Bankshares, Inc. has a 52 week low of $25.35 and a 52 week high of $38.74. The company's 50 day moving average price is $34.75 and its 200 day moving average price is $33.31. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.37. The stock has a market cap of $4.60 billion, a price-to-earnings ratio of 12.57 and a beta of 1.00.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. United Bankshares had a net margin of 23.84% and a return on equity of 8.05%. The business had revenue of $402.85 million during the quarter, compared to analyst estimates of $258.98 million. During the same period in the previous year, the business posted $0.74 EPS. On average, equities research analysts predict that United Bankshares, Inc. will post 2.64 EPS for the current year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares's dividend payout ratio (DPR) is presently 54.61%.

Analyst Ratings Changes

Separately, Raymond James boosted their target price on shares of United Bankshares from $38.00 to $41.00 and gave the stock an "outperform" rating in a research report on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and one has assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $37.33.

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.