United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by Brandywine Global Investment Management LLC

Brandywine Global Investment Management LLC increased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 8.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 186,124 shares of the financial services provider’s stock after acquiring an additional 13,811 shares during the quarter. Brandywine Global Investment Management LLC owned approximately 0.14% of United Bankshares worth $6,794,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in UBSI. Vanguard Group Inc. boosted its holdings in shares of United Bankshares by 2.5% in the second quarter. Vanguard Group Inc. now owns 12,679,482 shares of the financial services provider’s stock valued at $462,801,000 after acquiring an additional 315,165 shares in the last quarter. Geode Capital Management LLC lifted its position in United Bankshares by 11.3% in the 1st quarter. Geode Capital Management LLC now owns 2,218,532 shares of the financial services provider’s stock worth $85,590,000 after buying an additional 224,850 shares in the last quarter. New York State Common Retirement Fund increased its stake in shares of United Bankshares by 25.9% during the 2nd quarter. New York State Common Retirement Fund now owns 708,699 shares of the financial services provider’s stock worth $25,868,000 after purchasing an additional 145,858 shares during the last quarter. Earnest Partners LLC grew its stake in United Bankshares by 5.7% in the 1st quarter. Earnest Partners LLC now owns 2,517,515 shares of the financial services provider’s stock valued at $97,126,000 after buying an additional 136,845 shares during the last quarter. Finally, Richard Bernstein Advisors LLC acquired a new position in United Bankshares in the 1st quarter valued at $3,694,000. Hedge funds and other institutional investors own 66.31% of the company’s stock.

NASDAQ UBSI opened at $35.80 on Thursday. The company has a current ratio of 0.96, a quick ratio of 0.93 and a debt-to-equity ratio of 0.19. The firm’s fifty day moving average price is $35.26 and its two-hundred day moving average price is $37.13. United Bankshares, Inc. has a 1 year low of $23.21 and a 1 year high of $42.50. The firm has a market capitalization of $4.63 billion, a P/E ratio of 11.66 and a beta of 1.35.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, July 22nd. The financial services provider reported $0.73 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.71 by $0.02. United Bankshares had a net margin of 32.88% and a return on equity of 9.20%. The firm had revenue of $249.36 million for the quarter, compared to analyst estimates of $264.95 million. On average, research analysts anticipate that United Bankshares, Inc. will post 2.75 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 1st. Investors of record on Friday, September 10th were paid a $0.35 dividend. The ex-dividend date of this dividend was Thursday, September 9th. This represents a $1.40 annualized dividend and a dividend yield of 3.91%. United Bankshares’s dividend payout ratio (DPR) is presently 58.33%.

Several equities research analysts have weighed in on UBSI shares. Raymond James restated an “outperform” rating and issued a $34.67 price objective (down previously from $42.00) on shares of United Bankshares in a research report on Monday, July 26th. Boenning Scattergood restated a “neutral” rating on shares of United Bankshares in a report on Wednesday, September 29th. Finally, Zacks Investment Research cut shares of United Bankshares from a “buy” rating to a “hold” rating and set a $41.00 price objective for the company. in a report on Thursday, October 7th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $34.17.

United Bankshares Company Profile

United Bankshares, Inc is a bank holding company, which engages in the provision of commercial and retail banking services and products. It operates through the following segments: Community Banking, Mortgage Banking, and Other. The Community segments consists of both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing and consumer loans.

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Institutional Ownership by Quarter for United Bankshares (NASDAQ:UBSI)

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