United Bankshares, Inc. (NASDAQ:UBSI) Director Peter A. Converse Sells 5,000 Shares

United Bankshares, Inc. (NASDAQ:UBSI) Director Peter A. Converse sold 5,000 shares of United Bankshares stock in a transaction dated Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 434,769 shares of the company’s stock, valued at $17,390,760. This trade represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

United Bankshares Trading Down 2.9 %

Shares of UBSI stock opened at $41.34 on Friday. United Bankshares, Inc. has a 1 year low of $29.19 and a 1 year high of $42.95. The firm has a market capitalization of $5.59 billion, a PE ratio of 15.66 and a beta of 0.98. The stock has a fifty day moving average of $37.39 and a two-hundred day moving average of $35.38. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.67 by $0.03. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. The company had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. During the same quarter in the prior year, the business posted $0.71 earnings per share. As a group, research analysts expect that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $0.37 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.58%. United Bankshares’s dividend payout ratio (DPR) is 56.06%.

Institutional Trading of United Bankshares

Institutional investors have recently modified their holdings of the company. SG Americas Securities LLC lifted its holdings in shares of United Bankshares by 218.2% in the second quarter. SG Americas Securities LLC now owns 29,676 shares of the financial services provider’s stock valued at $963,000 after buying an additional 20,350 shares during the period. BNP Paribas Financial Markets lifted its holdings in shares of United Bankshares by 77.8% in the first quarter. BNP Paribas Financial Markets now owns 69,932 shares of the financial services provider’s stock valued at $2,503,000 after buying an additional 30,590 shares during the period. State Board of Administration of Florida Retirement System lifted its holdings in shares of United Bankshares by 37.7% in the first quarter. State Board of Administration of Florida Retirement System now owns 51,455 shares of the financial services provider’s stock valued at $1,811,000 after buying an additional 14,080 shares during the period. Ontario Teachers Pension Plan Board purchased a new stake in shares of United Bankshares during the first quarter valued at $901,000. Finally, Earnest Partners LLC lifted its holdings in shares of United Bankshares by 1.8% during the second quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock valued at $137,993,000 after purchasing an additional 74,638 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently weighed in on the company. Stephens upped their target price on United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods increased their price objective on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, DA Davidson upped their target price 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 equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the company’s stock. Based on data from MarketBeat, United Bankshares 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.