American Century Companies Inc. Grows Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

American Century Companies Inc. raised its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 3.6% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 73,340 shares of the financial services provider’s stock after buying an additional 2,577 shares during the period. American Century Companies Inc.’s holdings in United Bankshares were worth $2,379,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently added to or reduced their stakes in UBSI. GAMMA Investing LLC boosted its position in United Bankshares by 253.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock valued at $50,000 after buying an additional 1,108 shares during the period. Kapitalo Investimentos Ltda purchased a new stake in United Bankshares in the 4th quarter valued at about $58,000. New Covenant Trust Company N.A. purchased a new stake in United Bankshares in the 1st quarter valued at about $79,000. Innealta Capital LLC purchased a new stake in United Bankshares in the 2nd quarter valued at about $116,000. Finally, TFO Wealth Partners LLC boosted its position in United Bankshares by 47,150.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,780 shares of the financial services provider’s stock valued at $142,000 after buying an additional 3,772 shares during the period. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Stock Down 0.1 %

UBSI stock opened at $36.79 on Friday. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.31. United Bankshares, Inc. has a twelve month low of $25.35 and a twelve month high of $39.93. The company’s 50 day moving average is $37.21 and its two-hundred day moving average is $34.70. The stock has a market cap of $4.97 billion, a P/E ratio of 14.04 and a beta of 0.99.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, July 25th. The financial services provider reported $0.71 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $255.94 million for the quarter, compared to analyst estimates of $255.54 million. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. United Bankshares’s quarterly revenue was down 2.6% on a year-over-year basis. During the same period last year, the firm posted $0.68 EPS. Research analysts expect that United Bankshares, Inc. will post 2.7 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 1st. Investors of record on Friday, September 13th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend is Friday, September 13th. United Bankshares’s payout ratio is 56.49%.

Analyst Ratings Changes

UBSI has been the subject of several recent research reports. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday. Stephens upped their price objective on shares of United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods increased their price target on shares of United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a report on Friday, July 26th. Finally, DA Davidson increased their price target on shares of United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.25.

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.