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

Dimensional Fund Advisors LP raised its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 2.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,291,001 shares of the financial services provider's stock after purchasing an additional 172,997 shares during the quarter. Dimensional Fund Advisors LP owned about 5.40% of United Bankshares worth $273,782,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently made changes to their positions in the stock. Fifth Third Bancorp grew its position in United Bankshares by 206.0% in the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider's stock worth $37,000 after purchasing an additional 657 shares during the last quarter. Key Financial Inc lifted its position in United Bankshares by 735.6% during the 3rd quarter. Key Financial Inc now owns 1,830 shares of the financial services provider's stock valued at $50,000 after purchasing an additional 1,611 shares during the period. Hexagon Capital Partners LLC grew its stake in shares of United Bankshares by 449.0% during the fourth quarter. Hexagon Capital Partners LLC now owns 1,345 shares of the financial services provider's stock worth $51,000 after purchasing an additional 1,100 shares during the period. Anchor Investment Management LLC acquired a new position in United Bankshares during the fourth quarter valued at approximately $95,000. Finally, Covestor Ltd increased its position in shares of United Bankshares by 133.7% in the 3rd quarter. Covestor Ltd now owns 3,659 shares of the financial services provider's stock valued at $101,000 after buying an additional 2,093 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on UBSI shares. Keefe, Bruyette & Woods decreased their target price on United Bankshares from $40.00 to $38.00 and set a "market perform" rating on the stock in a research report on Friday, May 3rd. Stephens cut their target price on United Bankshares from $36.00 to $34.00 and set an "equal weight" rating on the stock in a report on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and a consensus target price of $37.00.

United Bankshares Stock Down 0.7 %

UBSI stock traded down $0.25 during midday trading on Monday, hitting $34.16. The company's stock had a trading volume of 420,829 shares, compared to its average volume of 537,237. United Bankshares, Inc. has a 12 month low of $25.35 and a 12 month high of $38.74. The firm's 50-day moving average is $34.05 and its 200-day moving average is $34.50. The company has a market cap of $4.61 billion, a PE ratio of 13.13 and a beta of 1.01. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36.

United Bankshares (NASDAQ:UBSI - Get Free Report) last announced its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.65 by ($0.01). The company had revenue of $401.39 million for the quarter, compared to the consensus estimate of $256.80 million. United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. During the same quarter last year, the firm posted $0.74 earnings per share. On average, equities research analysts forecast that United Bankshares, Inc. will post 2.62 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced 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 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date was Thursday, March 7th. United Bankshares's dividend payout ratio (DPR) is 56.49%.

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.