Dimensional Fund Advisors LP Cuts Stake in United Bankshares, Inc. (NASDAQ:UBSI)

Dimensional Fund Advisors LP cut its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 0.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,864,689 shares of the financial services provider's stock after selling 63,452 shares during the period. Dimensional Fund Advisors LP owned 5.82% of United Bankshares worth $295,321,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. acquired a new stake in shares of United Bankshares during the fourth quarter worth about $26,000. Jones Financial Companies Lllp raised its holdings in shares of United Bankshares by 55.8% in the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock valued at $33,000 after purchasing an additional 310 shares during the period. Wilmington Savings Fund Society FSB increased its holdings in shares of United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock worth $54,000 after acquiring an additional 1,364 shares during the last quarter. Nomura Asset Management Co. Ltd. lifted its position in United Bankshares by 37.0% during the fourth quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider's stock worth $56,000 after acquiring an additional 400 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new position in shares of United Bankshares in the fourth quarter valued at about $85,000. Institutional investors own 70.80% of the company's stock.

Wall Street Analyst Weigh In

UBSI has been the topic of a number of recent research reports. Keefe, Bruyette & Woods lowered their price objective on United Bankshares from $46.00 to $45.00 and set a "market perform" rating on the stock in a research note on Monday, January 27th. Stephens reiterated an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a research note on Monday, January 27th. Piper Sandler reissued a "neutral" rating and issued a $38.50 target price on shares of United Bankshares in a report on Wednesday, March 12th. Finally, StockNews.com downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. One investment analyst has rated the stock with a sell rating and four have given a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $41.88.

Insider Buying and Selling

In other news, Director Sara Dumond bought 2,600 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The stock was bought at an average price of $35.01 per share, with a total value of $91,026.00. Following the completion of the transaction, the director now directly owns 5,054 shares of the company's stock, valued at approximately $176,940.54. The trade was a 105.95 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 3.66% of the stock is owned by company insiders.

United Bankshares Trading Up 1.6 %

Shares of NASDAQ UBSI traded up $0.54 during mid-day trading on Wednesday, hitting $34.47. The stock had a trading volume of 1,108,702 shares, compared to its average volume of 611,273. The firm has a market cap of $4.95 billion, a P/E ratio of 12.58 and a beta of 0.91. United Bankshares, Inc. has a 1 year low of $30.51 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The business has a 50 day moving average price of $34.41 and a two-hundred day moving average price of $37.46.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same quarter last year, the business earned $0.59 earnings per share. On average, equities analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.29%. The ex-dividend date was Friday, March 14th. United Bankshares's payout ratio is currently 54.01%.

About United Bankshares

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.