Earnest Partners LLC Boosts Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

Earnest Partners LLC boosted its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 1.8% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,253,797 shares of the financial services provider's stock after buying an additional 74,638 shares during the quarter. Earnest Partners LLC owned approximately 3.15% of United Bankshares worth $137,993,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Vanguard Group Inc. grew its position in shares of United Bankshares by 0.5% during the 4th quarter. Vanguard Group Inc. now owns 14,202,951 shares of the financial services provider's stock valued at $533,321,000 after acquiring an additional 71,359 shares during the period. Dimensional Fund Advisors LP lifted its stake in United Bankshares by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider's stock worth $256,521,000 after acquiring an additional 142,545 shares in the last quarter. Victory Capital Management Inc. raised its stake in shares of United Bankshares by 1.4% in the second quarter. Victory Capital Management Inc. now owns 3,982,478 shares of the financial services provider's stock valued at $129,192,000 after acquiring an additional 55,633 shares in the last quarter. ProShare Advisors LLC boosted its stake in shares of United Bankshares by 110.4% in the 2nd quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider's stock valued at $71,577,000 after buying an additional 1,157,579 shares during the period. Finally, Vaughan Nelson Investment Management L.P. raised its holdings in shares of United Bankshares by 1.8% in the 2nd quarter. Vaughan Nelson Investment Management L.P. now owns 1,334,931 shares of the financial services provider's stock valued at $43,305,000 after purchasing an additional 23,640 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities analysts have commented on UBSI shares. Keefe, Bruyette & Woods increased their price target on shares of United Bankshares from $38.00 to $40.00 and gave the company a "market perform" rating in a research note on Friday, July 26th. DA Davidson raised their price objective on United Bankshares from $36.00 to $41.00 and gave the stock a "neutral" rating in a report on Friday, July 26th. Stephens lifted their price target on United Bankshares from $36.00 to $39.00 and gave the stock an "equal weight" rating in a research report on Friday, July 26th. Finally, StockNews.com lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Thursday. One investment analyst has rated the stock with a sell rating, three have given a hold rating and one has assigned a buy rating to the stock. According to MarketBeat, the company presently has an average rating of "Hold" and an average target price of $40.25.

United Bankshares Trading Up 1.5 %

NASDAQ UBSI traded up $0.54 during trading hours on Thursday, hitting $36.96. 44,769 shares of the company's stock were exchanged, compared to its average volume of 527,439. The business's 50 day moving average is $37.22 and its 200-day moving average is $34.67. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. United Bankshares, Inc. has a 12-month low of $25.35 and a 12-month high of $39.93. The firm has a market capitalization of $5.00 billion, a P/E ratio of 14.04 and a beta of 0.99.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, topping the consensus estimate of $0.64 by $0.07. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. The firm had revenue of $255.94 million during the quarter, compared to analyst estimates of $255.54 million. During the same quarter in the prior year, the business posted $0.68 earnings per share. United Bankshares's revenue for the quarter was down 2.6% compared to the same quarter last year. As a group, analysts anticipate that United Bankshares, Inc. will post 2.7 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.00%. The ex-dividend date is Friday, September 13th. United Bankshares's dividend payout ratio is presently 56.49%.

United Bankshares Company 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.