Insider Selling: United Bankshares, Inc. (NASDAQ:UBSI) Director Sells 5,000 Shares of Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director Peter A. Converse sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now owns 434,769 shares in the company, valued at approximately $17,390,760. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

United Bankshares Trading Down 2.9 %

UBSI stock traded down $1.25 during mid-day trading on Thursday, reaching $41.34. 1,104,008 shares of the stock traded hands, compared to its average volume of 526,867. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. United Bankshares, Inc. has a one year low of $29.19 and a one year high of $42.95. The stock has a market capitalization of $5.59 billion, a PE ratio of 16.13 and a beta of 0.98. The business has a 50-day moving average price of $37.34 and a two-hundred day moving average price of $35.34.

United Bankshares (NASDAQ:UBSI) last issued its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating 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 firm earned $0.71 earnings per share. Equities research analysts expect that United Bankshares, Inc. will post 2.7 EPS for the current year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a $0.37 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.48 annualized dividend and a yield of 3.58%. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on UBSI. Stephens boosted their target price on shares of United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. DA Davidson increased their price target on shares of United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods increased their price target on shares of United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a research note on Friday, July 26th. Finally, StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday. One research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, United Bankshares currently has an average rating of “Hold” and a consensus target price of $40.25.

Institutional Investors Weigh In On United Bankshares

Several hedge funds have recently bought and sold shares of the stock. ProShare Advisors LLC lifted its position in shares of United Bankshares by 110.4% during the 2nd quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock valued at $71,577,000 after buying an additional 1,157,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in shares of United Bankshares by 16.7% during the 3rd 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 buying an additional 223,150 shares in the last quarter. Dimensional Fund Advisors LP lifted 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 valued at $256,521,000 after buying an additional 142,545 shares in the last quarter. Systematic Financial Management LP lifted its position in shares of United Bankshares by 73.8% during the 2nd quarter. Systematic Financial Management LP now owns 279,039 shares of the financial services provider’s stock valued at $9,052,000 after buying an additional 118,501 shares in the last quarter. Finally, Nicholson Wealth Management Group LLC purchased a new position in shares of United Bankshares during the 3rd quarter valued at approximately $2,849,000. Hedge funds and other institutional investors own 70.80% of the company’s stock.

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.