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 on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the sale, the director now directly owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Bankshares Stock Performance

Shares of United Bankshares stock opened at $37.49 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. The business has a fifty day simple moving average of $40.17 and a two-hundred day simple moving average of $37.06. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43. The firm has a market capitalization of $5.07 billion, a P/E ratio of 14.20 and a beta of 1.01.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The firm had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. During the same period in the previous year, the business posted $0.71 earnings per share. On average, equities analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.37 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.95%. United Bankshares’s dividend payout ratio (DPR) is 56.06%.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Wealth Enhancement Advisory Services LLC raised its position in United Bankshares by 7.6% during the 2nd quarter. Wealth Enhancement Advisory Services LLC now owns 12,081 shares of the financial services provider’s stock valued at $392,000 after purchasing an additional 858 shares in the last quarter. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of United Bankshares by 5.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,587 shares of the financial services provider’s stock worth $214,000 after purchasing an additional 350 shares during the period. Nisa Investment Advisors LLC boosted its position in United Bankshares by 96.9% in the second quarter. Nisa Investment Advisors LLC now owns 12,848 shares of the financial services provider’s stock valued at $422,000 after buying an additional 6,323 shares during the last quarter. Innealta Capital LLC purchased a new stake in United Bankshares in the second quarter valued at $116,000. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. raised its position in United Bankshares by 10.2% during the second quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 426,162 shares of the financial services provider’s stock valued at $13,825,000 after acquiring an additional 39,305 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $40.25.

About United Bankshares

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.