22,588 Shares in United Bankshares, Inc. $UBSI Acquired by United Capital Financial Advisors LLC

United Capital Financial Advisors LLC acquired a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 22,588 shares of the financial services provider’s stock, valued at approximately $1,035,000.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. acquired a new stake in United Bankshares in the second quarter worth $925,212,000. Dimensional Fund Advisors LP grew its holdings in shares of United Bankshares by 0.7% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,661,331 shares of the financial services provider’s stock valued at $317,327,000 after buying an additional 56,808 shares during the period. Geode Capital Management LLC grew its holdings in shares of United Bankshares by 5.1% in 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 buying an additional 183,950 shares during the period. Norges Bank bought a new stake in shares of United Bankshares in the 4th quarter valued at $68,366,000. Finally, Bank of America Corp DE increased its position 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 buying an additional 277,836 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

United Bankshares Trading Up 0.2%

Shares of United Bankshares stock opened at $47.60 on Friday. United Bankshares, Inc. has a 12-month low of $34.10 and a 12-month high of $49.62. The stock has a market cap of $6.48 billion, a P/E ratio of 12.97 and a beta of 0.71. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. The business’s 50 day moving average is $47.40 and its 200-day moving average is $44.38.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.89 by $0.06. The business had revenue of $323.82 million during the quarter, compared to analysts’ expectations of $320.07 million. United Bankshares had a net margin of 27.97% and a return on equity of 9.39%. During the same period last year, the business earned $0.85 earnings per share. Equities research analysts predict that United Bankshares, Inc. will post 3.71 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 1st. Stockholders of record on Friday, September 11th will be given a $0.38 dividend. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date of this dividend is Friday, September 11th. United Bankshares’s dividend payout ratio (DPR) is 41.42%.

Analysts Set New Price Targets

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

About United Bankshares

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.