Deutsche Bank AG Purchases New Holdings in United Bankshares, Inc. $UBSI

Deutsche Bank AG acquired a new position in United Bankshares, Inc. (NASDAQ:UBSI) in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 146,119 shares of the financial services provider’s stock, valued at approximately $6,697,000.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its stake in United Bankshares by 0.7% in the first quarter. Dimensional Fund Advisors LP now owns 7,661,331 shares of the financial services provider’s stock valued at $317,327,000 after acquiring an additional 56,808 shares during the last quarter. Geode Capital Management LLC raised its position in shares of United Bankshares by 5.1% during the 4th quarter. Geode Capital Management LLC now owns 3,802,338 shares of the financial services provider’s stock valued at $146,030,000 after acquiring an additional 183,950 shares during the last quarter. Norges Bank acquired a new position in shares of United Bankshares in the 4th quarter valued at $68,366,000. Bank of America Corp DE lifted its stake in shares of United Bankshares by 20.5% in the 1st quarter. Bank of America Corp DE now owns 1,631,894 shares of the financial services provider’s stock valued at $67,593,000 after purchasing an additional 277,836 shares during the period. Finally, AQR Capital Management LLC boosted its position in shares of United Bankshares by 74.7% in the 4th quarter. AQR Capital Management LLC now owns 1,625,205 shares of the financial services provider’s stock worth $62,408,000 after purchasing an additional 694,953 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on UBSI. Raymond James Financial boosted their target price on United Bankshares from $49.00 to $50.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 1st. Wall Street Zen upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Saturday, July 25th. Hovde Group lifted their price objective on shares of United Bankshares from $49.00 to $50.00 and gave the stock a “market perform” rating in a research note on Friday, July 24th. Weiss Ratings restated a “buy (b)” rating on shares of United Bankshares in a report on Monday, July 6th. Finally, Keefe, Bruyette & Woods upped their target price on shares of United Bankshares from $46.00 to $48.00 and gave the company a “market perform” rating in a research note on Monday, July 27th. Three research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, United Bankshares presently has a consensus rating of “Hold” and an average target price of $47.80.

United Bankshares Stock Down 0.0%

UBSI stock opened at $47.80 on Tuesday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.97. The stock has a market capitalization of $6.51 billion, a P/E ratio of 13.02 and a beta of 0.71. The business has a 50-day moving average of $47.17 and a 200-day moving average of $44.30. United Bankshares, Inc. has a fifty-two week low of $34.10 and a fifty-two week high of $49.62.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. The company had revenue of $323.82 million for the quarter, compared to the consensus estimate of $320.07 million. During the same period last year, the company earned $0.85 earnings per share. On average, sell-side analysts anticipate that United Bankshares, Inc. will post 3.71 earnings per share for the current fiscal year.

United Bankshares Profile

United Bankshares, Inc, headquartered in Charleston, West Virginia, is a bank holding company that provides a full range of financial services through its primary subsidiary, United Bank. The company’s core offerings include retail and commercial banking products such as checking and savings accounts, certificates of deposit, personal and business loans, mortgages, and treasury management services. In addition, United Bankshares delivers private banking, wealth management, trust and fiduciary solutions, and investment advisory services to meet the needs of individual, corporate, and institutional clients.

United Bankshares operates an extensive branch network across West Virginia, Virginia, Maryland, the District of Columbia, Ohio, Pennsylvania, and South Carolina.