United Bankshares, Inc. (NASDAQ:UBSI) Director Sells $234,960.00 in Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the transaction, the director now owns 35,424 shares of the company’s stock, valued at approximately $1,387,203.84. This trade represents a 14.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

United Bankshares Trading Up 1.4 %

UBSI opened at $38.00 on Friday. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The company has a fifty day moving average of $40.19 and a 200-day moving average of $37.10. The stock has a market cap of $5.14 billion, a PE ratio of 14.39 and a beta of 1.01. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share 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 firm had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. During the same period last year, the company posted $0.71 EPS. On average, sell-side analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s payout ratio is 56.06%.

Institutional Trading of United Bankshares

Hedge funds have recently modified their holdings of the stock. ProShare Advisors LLC boosted its stake in United Bankshares by 110.4% during the second quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock worth $71,577,000 after acquiring an additional 1,157,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised 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 valued at $57,805,000 after purchasing an additional 223,150 shares during the period. Point72 Asset Management L.P. bought a new position in shares of United Bankshares during the 3rd quarter worth about $6,186,000. Dimensional Fund Advisors LP boosted its position in shares of United Bankshares by 1.8% during the 2nd quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock worth $256,521,000 after purchasing an additional 142,545 shares in the last quarter. Finally, Barclays PLC grew its stake in shares of United Bankshares by 89.5% in the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock valued at $10,012,000 after buying an additional 127,486 shares during the period. Institutional investors own 70.80% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target 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.