Insider Selling: United Bankshares, Inc. (NASDAQ:UBSI) Director Sells 2,500 Shares of Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the transaction, the director now owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link.

United Bankshares Stock Down 0.5 %

Shares of United Bankshares stock opened at $42.27 on Friday. The firm has a market cap of $5.72 billion, a price-to-earnings ratio of 16.01 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a 50-day moving average of $38.86 and a 200 day moving average of $36.27.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The business had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same period last year, the business earned $0.71 EPS. As a group, sell-side analysts anticipate that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be paid a dividend of $0.37 per share. The ex-dividend date is Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.50%. United Bankshares’s dividend payout ratio is currently 56.06%.

Wall Street Analyst Weigh In

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

Institutional Trading of United Bankshares

Institutional investors and hedge funds have recently bought and sold shares of the company. SG Americas Securities LLC increased its stake in United Bankshares by 218.2% during the 2nd quarter. SG Americas Securities LLC now owns 29,676 shares of the financial services provider’s stock valued at $963,000 after purchasing an additional 20,350 shares in the last quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. increased its stake in United Bankshares by 10.0% during the 3rd quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A. now owns 468,851 shares of the financial services provider’s stock valued at $17,394,000 after purchasing an additional 42,689 shares in the last quarter. RIA Advisory Group LLC purchased a new stake in shares of United Bankshares during the 3rd quarter valued at about $495,000. Earnest Partners LLC boosted its holdings in shares of United Bankshares by 1.8% during the 2nd quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock valued at $137,993,000 after acquiring an additional 74,638 shares during the last quarter. Finally, Natixis Advisors LLC boosted its holdings in shares of United Bankshares by 21.0% during the 3rd quarter. Natixis Advisors LLC now owns 336,029 shares of the financial services provider’s stock valued at $12,466,000 after acquiring an additional 58,274 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors.

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.