Systematic Financial Management LP Has $9.05 Million Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Systematic Financial Management LP increased its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 73.8% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 279,039 shares of the financial services provider’s stock after purchasing an additional 118,501 shares during the period. Systematic Financial Management LP’s holdings in United Bankshares were worth $9,052,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Kapitalo Investimentos Ltda acquired a new stake in shares of United Bankshares during the 4th quarter worth approximately $58,000. GAMMA Investing LLC lifted its stake 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 purchasing an additional 1,108 shares during the last quarter. New Covenant Trust Company N.A. bought a new position in United Bankshares in the 1st quarter valued at approximately $79,000. Innealta Capital LLC bought a new position in United Bankshares in the 2nd quarter valued at approximately $116,000. Finally, TFO Wealth Partners LLC lifted its stake 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 purchasing an additional 3,772 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Price Performance

Shares of NASDAQ UBSI opened at $36.79 on Monday. United Bankshares, Inc. has a twelve month low of $25.35 and a twelve month high of $39.93. The firm has a fifty day simple moving average of $37.21 and a 200 day simple moving average of $34.70. The company has a market capitalization of $4.97 billion, a PE ratio of 14.04 and a beta of 0.99. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.31.

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

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, October 1st. Shareholders of record on Friday, September 13th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis 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%.

Wall Street Analysts Forecast Growth

UBSI has been the subject of several research reports. StockNews.com downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday. Keefe, Bruyette & Woods raised 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. Stephens raised their price target on shares of United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, DA Davidson raised their price target on shares of United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $40.25.

United Bankshares 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.