Anchor Capital Advisors LLC Purchases 7,200 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Anchor Capital Advisors LLC raised its position in United Bankshares, Inc. (NASDAQ:UBSI – Get Rating) by 39.3% during the fourth quarter, Holdings Channel reports. The fund owned 25,536 shares of the financial services provider’s stock after acquiring an additional 7,200 shares during the period. Anchor Capital Advisors LLC’s holdings in United Bankshares were worth $1,034,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the company. Victory Capital Management Inc. lifted its holdings in United Bankshares by 46.4% in the fourth quarter. Victory Capital Management Inc. now owns 58,644 shares of the financial services provider’s stock valued at $2,374,000 after acquiring an additional 18,599 shares during the period. Franklin Resources Inc. raised its stake in shares of United Bankshares by 15.3% in the fourth quarter. Franklin Resources Inc. now owns 74,719 shares of the financial services provider’s stock worth $3,025,000 after buying an additional 9,893 shares during the period. Aigen Investment Management LP raised its stake in shares of United Bankshares by 82.2% in the fourth quarter. Aigen Investment Management LP now owns 46,959 shares of the financial services provider’s stock worth $1,901,000 after buying an additional 21,182 shares during the period. Chevy Chase Trust Holdings LLC bought a new position in shares of United Bankshares in the fourth quarter worth about $211,000. Finally, First Trust Advisors LP raised its stake in shares of United Bankshares by 11.3% in the fourth quarter. First Trust Advisors LP now owns 373,072 shares of the financial services provider’s stock worth $15,113,000 after buying an additional 37,881 shares during the period. Institutional investors own 68.73% of the company’s stock.

United Bankshares Price Performance

Shares of UBSI stock opened at $29.47 on Friday. United Bankshares, Inc. has a 52-week low of $27.68 and a 52-week high of $44.15. The company has a debt-to-equity ratio of 0.61, a quick ratio of 0.99 and a current ratio of 0.99. The firm has a market capitalization of $3.98 billion, a P/E ratio of 10.02 and a beta of 1.02. The stock has a 50 day moving average price of $32.75 and a 200 day moving average price of $37.88.

United Bankshares (NASDAQ:UBSI – Get Rating) last issued its quarterly earnings results on Wednesday, April 26th. The financial services provider reported $0.74 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.74. The firm had revenue of $362.05 million during the quarter, compared to analyst estimates of $272.72 million. United Bankshares had a return on equity of 8.78% and a net margin of 31.24%. During the same period last year, the company earned $0.60 EPS. As a group, sell-side analysts predict that United Bankshares, Inc. will post 2.71 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 3rd. Shareholders of record on Friday, June 9th will be given a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 4.89%. The ex-dividend date of this dividend is Thursday, June 8th. United Bankshares’s dividend payout ratio (DPR) is presently 48.98%.

Analyst Ratings Changes

Several research analysts have recently commented on UBSI shares. StockNews.com started coverage on United Bankshares in a research note on Thursday, May 18th. They issued a “sell” rating on the stock. Keefe, Bruyette & Woods cut their target price on United Bankshares from $38.00 to $36.00 and set a “market perform” rating for the company in a research report on Thursday, April 6th. Raymond James cut their target price on United Bankshares from $44.00 to $42.00 and set an “outperform” rating for the company in a research report on Thursday, April 6th. Stephens started coverage on United Bankshares in a research report on Tuesday, April 4th. They set an “equal weight” rating and a $32.00 target price for the company. Finally, 3M restated a “maintains” rating on shares of United Bankshares in a report on Friday, April 28th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $39.00.

United Bankshares Company Profile

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United Bankshares, Inc is a bank holding company, which engages in the provision of commercial and retail banking services and products. It operates through the following segments: Community Banking, Mortgage Banking, and Other. The Community Banking segment consists of both commercial and consumer lending and provides customers with such products as commercial loans, real estate loans, business financing, and consumer loans.