Vaughan Nelson Investment Management L.P. Buys 54,089 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Vaughan Nelson Investment Management L.P. boosted its position in United Bankshares, Inc. (NASDAQ:UBSI) by 3.5% in the fourth quarter, HoldingsChannel.com reports. The institutional investor owned 1,612,170 shares of the financial services provider’s stock after purchasing an additional 54,089 shares during the period. Vaughan Nelson Investment Management L.P.’s holdings in United Bankshares were worth $60,538,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. UMB Bank n.a. raised its stake in United Bankshares by 237.6% in the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 594 shares during the period. Wilmington Savings Fund Society FSB lifted its stake in shares of United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,364 shares in the last quarter. GAMMA Investing LLC grew 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 valued at $77,000 after buying an additional 534 shares in the last quarter. Milestone Asset Management LLC bought a new stake in United Bankshares during the 4th quarter valued at $201,000. Finally, Choreo LLC bought a new position in shares of United Bankshares in the fourth quarter worth $206,000. 70.80% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on UBSI shares. Stephens reissued an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price target on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. Finally, StockNews.com cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the director now directly owns 63,409 shares in the company, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Mark R. Nesselroad sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the sale, 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 disclosure for this sale can be found here. Company insiders own 3.66% of the company’s stock.

United Bankshares Stock Performance

NASDAQ:UBSI opened at $38.60 on Friday. The stock has a market cap of $5.22 billion, a P/E ratio of 14.09 and a beta of 1.02. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The business’s 50-day moving average price is $38.74 and its two-hundred day moving average price is $38.36. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same quarter last year, the firm earned $0.59 earnings per share. As a group, equities analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

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.