Dimensional Fund Advisors LP Has $295.32 Million Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Dimensional Fund Advisors LP reduced its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 0.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 7,864,689 shares of the financial services provider's stock after selling 63,452 shares during the quarter. Dimensional Fund Advisors LP owned approximately 5.82% of United Bankshares worth $295,321,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of UBSI. Barclays PLC raised its position in shares of United Bankshares by 89.5% during the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider's stock valued at $10,012,000 after acquiring an additional 127,486 shares in the last quarter. Tidal Investments LLC boosted its holdings in shares of United Bankshares by 8.9% in the 3rd quarter. Tidal Investments LLC now owns 10,970 shares of the financial services provider's stock valued at $407,000 after buying an additional 893 shares during the period. JPMorgan Chase & Co. grew its position in shares of United Bankshares by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider's stock valued at $22,068,000 after buying an additional 52,949 shares during the last quarter. Wealth Enhancement Advisory Services LLC lifted its holdings in United Bankshares by 5.4% in the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 12,202 shares of the financial services provider's stock worth $453,000 after acquiring an additional 621 shares during the last quarter. Finally, Assenagon Asset Management S.A. acquired a new position in United Bankshares in the fourth quarter valued at approximately $7,383,000. Institutional investors own 70.80% of the company's stock.

Wall Street Analysts Forecast Growth

UBSI has been the topic of several analyst reports. Stephens reaffirmed an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th. Piper Sandler restated a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a research report on Wednesday, March 12th. Keefe, Bruyette & Woods reduced their price objective on United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a research report on Monday, January 27th. Finally, StockNews.com cut United Bankshares from a "hold" rating to a "sell" rating in a research report on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat, United Bankshares presently has an average rating of "Hold" and an average price target of $41.88.

Insider Activity

In related news, Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were acquired at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at $176,940.54. The trade was a 105.95 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Insiders own 3.66% of the company's stock.

United Bankshares Price Performance

Shares of NASDAQ:UBSI traded down $0.37 during trading on Friday, reaching $34.09. The company had a trading volume of 731,743 shares, compared to its average volume of 613,591. United Bankshares, Inc. has a twelve month low of $30.51 and a twelve month high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $4.89 billion, a PE ratio of 12.44 and a beta of 0.91. The firm's fifty day moving average is $34.26 and its 200 day moving average is $37.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The financial services provider reported $0.59 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.66 by ($0.07). United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. The firm had revenue of $289.61 million for the quarter, compared to the consensus estimate of $279.02 million. On average, equities analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.34%. The ex-dividend date of this dividend was Friday, March 14th. United Bankshares's payout ratio is 54.01%.

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.