United Bankshares, Inc. (NASDAQ:UBSI) Shares Acquired by Brighton Jones LLC

Brighton Jones LLC grew its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 4.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,873 shares of the financial services provider’s stock after purchasing an additional 748 shares during the period. Brighton Jones LLC’s holdings in United Bankshares were worth $634,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. UMB Bank n.a. boosted its holdings in United Bankshares by 237.6% in the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 594 shares in the last quarter. GAMMA Investing LLC boosted its stake in United Bankshares by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 534 shares in the last quarter. Marathon Strategic Advisors LLC purchased a new stake in United Bankshares during the 3rd quarter worth approximately $206,000. Quest Partners LLC increased its stake in United Bankshares by 377.2% during the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after purchasing an additional 4,459 shares in the last quarter. Finally, Centiva Capital LP purchased a new position in shares of United Bankshares in the third quarter worth $213,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

Insider Buying and Selling

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value 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. The trade was a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Peter A. Converse sold 5,000 shares of the firm’s stock in a transaction that occurred on 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 directly owns 434,769 shares in the company, valued at approximately $17,390,760. The trade was a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 13,500 shares of company stock valued at $542,110 over the last ninety days. Company insiders own 3.66% of the company’s stock.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

United Bankshares Price Performance

Shares of NASDAQ:UBSI opened at $38.40 on Friday. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The company’s 50 day moving average is $39.50 and its 200 day moving average is $38.18. The company has a market cap of $5.19 billion, a PE ratio of 14.55 and a beta of 1.03.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same quarter in the previous year, the firm earned $0.59 earnings per share. On average, sell-side analysts forecast that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were paid a $0.37 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.85%. United Bankshares’s payout ratio is 56.06%.

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.