832,340 Shares in United Bankshares, Inc. $UBSI Bought by Vaughan Nelson Investment Management L.P.

Vaughan Nelson Investment Management L.P. acquired a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 832,340 shares of the financial services provider’s stock, valued at approximately $34,476,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Brighton Jones LLC boosted its position in shares of United Bankshares by 4.6% during the 4th quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider’s stock valued at $634,000 after acquiring an additional 748 shares during the last quarter. Royal Bank of Canada lifted its position in United Bankshares by 2.0% during the first quarter. Royal Bank of Canada now owns 66,649 shares of the financial services provider’s stock valued at $2,310,000 after purchasing an additional 1,298 shares during the last quarter. Millennium Management LLC grew its stake in United Bankshares by 464.1% in the 1st quarter. Millennium Management LLC now owns 137,336 shares of the financial services provider’s stock worth $4,761,000 after buying an additional 112,988 shares in the last quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in shares of United Bankshares by 7.4% in the 1st quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 409,428 shares of the financial services provider’s stock worth $14,195,000 after buying an additional 28,366 shares during the last quarter. Finally, Jane Street Group LLC raised its position in shares of United Bankshares by 564.0% during the 1st quarter. Jane Street Group LLC now owns 182,540 shares of the financial services provider’s stock valued at $6,329,000 after buying an additional 155,051 shares in the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on UBSI shares. Wall Street Zen cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Saturday, June 13th. Raymond James Financial reissued an “outperform” rating and set a $49.00 price target on shares of United Bankshares in a report on Monday, April 27th. Finally, Zacks Research lowered United Bankshares from a “strong-buy” rating to a “hold” rating in a report on Thursday, March 26th. Three analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $45.75.

United Bankshares Stock Performance

Shares of UBSI stock opened at $44.42 on Monday. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. United Bankshares, Inc. has a 1 year low of $34.10 and a 1 year high of $46.08. The firm has a fifty day moving average price of $43.61 and a 200-day moving average price of $41.93. The company has a market cap of $6.12 billion, a price-to-earnings ratio of 12.44 and a beta of 0.71.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, April 23rd. The financial services provider reported $0.89 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.04. United Bankshares had a return on equity of 9.26% and a net margin of 27.45%.The company had revenue of $316.58 million for the quarter, compared to analysts’ expectations of $315.15 million. During the same period in the previous year, the firm earned $0.59 EPS. As a group, equities analysts predict that United Bankshares, Inc. will post 3.64 earnings per share for the current year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, July 1st. Investors of record on Friday, June 12th will be issued a $0.38 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.4%. United Bankshares’s dividend payout ratio (DPR) is 42.58%.

United Bankshares Company 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.