Los Angeles Capital Management LLC Boosts Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

Los Angeles Capital Management LLC raised its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 18.5% during the 4th quarter, HoldingsChannel reports. The firm owned 12,813 shares of the financial services provider’s stock after acquiring an additional 2,000 shares during the period. Los Angeles Capital Management LLC’s holdings in United Bankshares were worth $481,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also modified their holdings of the stock. Vaughan Nelson Investment Management L.P. lifted its holdings in shares of United Bankshares by 16.7% during the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock worth $57,805,000 after purchasing an additional 223,150 shares during the period. Assenagon Asset Management S.A. acquired a new stake in shares of United Bankshares in the 4th quarter worth $7,383,000. Point72 Asset Management L.P. purchased a new stake in shares of United Bankshares in the third quarter valued at about $6,186,000. Barclays PLC boosted its holdings in shares of United Bankshares by 89.5% in the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock valued at $10,012,000 after acquiring an additional 127,486 shares in the last quarter. Finally, Systematic Financial Management LP increased its stake in shares of United Bankshares by 40.1% during the third quarter. Systematic Financial Management LP now owns 391,028 shares of the financial services provider’s stock worth $14,507,000 after acquiring an additional 111,989 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

Insider Activity

In related news, Director Mark R. Nesselroad sold 6,000 shares of the business’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the sale, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. The trade was a 14.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 3.66% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on UBSI shares. Stephens restated an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. Keefe, Bruyette & Woods reduced their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a report on Monday, January 27th. Finally, StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th.

United Bankshares Trading Down 0.2 %

Shares of UBSI opened at $36.07 on Tuesday. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a market capitalization of $4.88 billion, a P/E ratio of 13.16 and a beta of 1.02. The firm’s 50-day moving average is $37.67 and its two-hundred day moving average is $38.39.

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

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.10%. The ex-dividend date of this dividend is Friday, March 14th. United Bankshares’s dividend payout ratio (DPR) is 54.01%.

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.