Anchor Capital Advisors LLC Has $1.83 Million Stake in United Bankshares, Inc. (NASDAQ:UBSI)

Anchor Capital Advisors LLC increased its position in United Bankshares, Inc. (NASDAQ:UBSI) by 1.3% during the first quarter, HoldingsChannel reports. The institutional investor owned 51,205 shares of the financial services provider’s stock after acquiring an additional 645 shares during the period. Anchor Capital Advisors LLC’s holdings in United Bankshares were worth $1,833,000 as of its most recent SEC filing.

A number of other hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in United Bankshares by 0.5% during the fourth quarter. Vanguard Group Inc. now owns 14,202,951 shares of the financial services provider’s stock worth $533,321,000 after purchasing an additional 71,359 shares during the period. Dimensional Fund Advisors LP boosted its position in shares of United Bankshares by 2.4% in the fourth quarter. Dimensional Fund Advisors LP now owns 7,291,001 shares of the financial services provider’s stock valued at $273,782,000 after acquiring an additional 172,997 shares during the period. Victory Capital Management Inc. boosted its position in shares of United Bankshares by 2,745.7% in the fourth quarter. Victory Capital Management Inc. now owns 2,835,545 shares of the financial services provider’s stock valued at $106,475,000 after acquiring an additional 2,735,901 shares during the period. Charles Schwab Investment Management Inc. boosted its position in shares of United Bankshares by 4.2% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,486,804 shares of the financial services provider’s stock valued at $55,829,000 after acquiring an additional 60,465 shares during the period. Finally, Vaughan Nelson Investment Management L.P. boosted its position in shares of United Bankshares by 14.8% in the first quarter. Vaughan Nelson Investment Management L.P. now owns 1,311,291 shares of the financial services provider’s stock valued at $46,931,000 after acquiring an additional 169,200 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the company. Keefe, Bruyette & Woods reaffirmed a “market perform” rating and issued a $38.00 target price on shares of United Bankshares in a research report on Monday, June 17th. Stephens cut their price target on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating for the company in a report on Friday, April 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $37.00.

United Bankshares Trading Up 3.9 %

Shares of UBSI stock traded up $1.34 on Monday, reaching $35.43. The company had a trading volume of 223,805 shares, compared to its average volume of 509,328. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. The stock has a market cap of $4.79 billion, a PE ratio of 13.01 and a beta of 1.00. The company has a 50-day moving average of $32.57 and a 200-day moving average of $34.14. United Bankshares, Inc. has a 12 month low of $25.35 and a 12 month high of $38.74.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.64 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.65 by ($0.01). United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. The business had revenue of $401.39 million during the quarter, compared to analyst estimates of $256.80 million. During the same quarter in the prior year, the firm posted $0.74 earnings per share. On average, equities analysts forecast that United Bankshares, Inc. will post 2.61 earnings per share for the current year.

United Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 1st. Shareholders of record on Friday, June 14th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 4.18%. The ex-dividend date was Friday, June 14th. United Bankshares’s dividend payout ratio (DPR) is currently 56.49%.

United Bankshares Profile

United Bankshares, Inc, through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts.