United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by Anchor Capital Advisors LLC

Anchor Capital Advisors LLC grew its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 99.0% in the 4th quarter, according to its most recent filing with the SEC. The firm owned 50,560 shares of the financial services provider’s stock after buying an additional 25,155 shares during the quarter. Anchor Capital Advisors LLC’s holdings in United Bankshares were worth $1,899,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in UBSI. Vanguard Group Inc. raised its holdings in United Bankshares by 0.4% in the third quarter. Vanguard Group Inc. now owns 14,131,592 shares of the financial services provider’s stock valued at $389,891,000 after acquiring an additional 56,643 shares in the last quarter. Earnest Partners LLC increased its holdings in shares of United Bankshares by 4.8% in the 3rd quarter. Earnest Partners LLC now owns 3,375,991 shares of the financial services provider’s stock valued at $93,144,000 after acquiring an additional 155,891 shares during the period. Northern Trust Corp raised its holdings in shares of United Bankshares by 1.8% in the third quarter. Northern Trust Corp now owns 1,638,500 shares of the financial services provider’s stock valued at $45,206,000 after buying an additional 28,641 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of United Bankshares by 1.9% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,426,339 shares of the financial services provider’s stock worth $39,353,000 after buying an additional 27,235 shares during the period. Finally, Vaughan Nelson Investment Management L.P. grew its holdings in shares of United Bankshares by 103.9% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,142,091 shares of the financial services provider’s stock worth $42,885,000 after buying an additional 581,870 shares during the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Price Performance

Shares of NASDAQ UBSI traded up $0.04 during trading on Tuesday, hitting $32.65. 41,190 shares of the company were exchanged, compared to its average volume of 546,999. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 0.99. United Bankshares, Inc. has a 1 year low of $25.35 and a 1 year high of $38.74. The company has a market cap of $4.41 billion, a price-to-earnings ratio of 12.45 and a beta of 1.00. The firm’s fifty day moving average price is $34.22 and its 200 day moving average price is $34.02.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, April 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). United Bankshares had a return on equity of 7.72% and a net margin of 22.51%. The company had revenue of $401.39 million for the quarter, compared to analyst estimates of $256.80 million. During the same quarter in the previous year, the company posted $0.74 earnings per share. On average, sell-side analysts expect that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.53%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio (DPR) is presently 56.49%.

Analyst Upgrades and Downgrades

A number of research firms recently weighed in on UBSI. Raymond James lifted their price objective on shares of United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a research report on Friday, January 5th. Stephens dropped their price target on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday.

About United Bankshares

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.