Deutsche Bank AG Makes New Investment in United Bankshares, Inc. $UBSI

Deutsche Bank AG acquired a new position in shares of United Bankshares, Inc. (NASDAQ:UBSIFree Report) in the 2nd quarter, Holdings Channel reports. The fund acquired 126,435 shares of the financial services provider’s stock, valued at approximately $4,437,000.

A number of other large investors have also recently made changes to their positions in UBSI. Global Retirement Partners LLC acquired a new position in shares of United Bankshares in the 2nd quarter valued at $478,000. SCS Capital Management LLC purchased a new position in United Bankshares in the 2nd quarter worth $230,000. Bank of New York Mellon Corp acquired a new stake in United Bankshares during the 2nd quarter worth about $60,968,000. Family Legacy Inc. acquired a new stake in United Bankshares during the 2nd quarter worth about $1,361,000. Finally, Revolve Wealth Partners LLC purchased a new stake in United Bankshares during the 2nd quarter valued at about $351,000. 70.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

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

Read Our Latest Research Report on United Bankshares

United Bankshares Stock Down 0.8%

UBSI stock opened at $47.41 on Wednesday. The firm has a market cap of $6.46 billion, a PE ratio of 12.92 and a beta of 0.71. The company has a debt-to-equity ratio of 0.10, a quick ratio of 0.97 and a current ratio of 0.98. The firm’s fifty day moving average is $47.21 and its 200 day moving average is $44.32. United Bankshares, Inc. has a one year low of $34.10 and a one year high of $49.62.

United Bankshares (NASDAQ:UBSIGet Free Report) last released its quarterly earnings data on Thursday, July 23rd. The financial services provider reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.89 by $0.06. The company 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 quarter in the previous year, the company earned $0.85 earnings per share. On average, research analysts forecast that United Bankshares, Inc. will post 3.71 EPS for the current year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 1st. Investors of record on Friday, September 11th will be paid a $0.38 dividend. This represents a $1.52 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Friday, September 11th. United Bankshares’s payout ratio is currently 41.42%.

United Bankshares Profile

(Free Report)

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.

See Also

Want to see what other hedge funds are holding UBSI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for United Bankshares, Inc. (NASDAQ:UBSIFree Report).

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

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