Goldstone Financial Group LLC Has $296,000 Stake in United Bankshares, Inc. (NASDAQ:UBSI)

Goldstone Financial Group LLC boosted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 10.0% in the 4th quarter, HoldingsChannel reports. The firm owned 7,874 shares of the financial services provider’s stock after buying an additional 713 shares during the period. Goldstone Financial Group LLC’s holdings in United Bankshares were worth $296,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. UMB Bank n.a. raised its position 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 worth $31,000 after purchasing an additional 594 shares during the last quarter. GAMMA Investing LLC boosted its stake in shares of 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 purchasing an additional 534 shares during the last quarter. Marathon Strategic Advisors LLC bought a new stake in shares of United Bankshares during the third quarter worth approximately $206,000. Quest Partners LLC lifted its holdings in United Bankshares by 377.2% in the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after buying an additional 4,459 shares during the period. Finally, Centiva Capital LP bought a new position in United Bankshares in the third quarter valued at approximately $213,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

Analyst Upgrades and Downgrades

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

Insiders Place Their Bets

In other United Bankshares news, 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 value of $234,960.00. Following the sale, the director now owns 35,424 shares in the company, valued at approximately $1,387,203.84. The trade was a 14.48 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, 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 stock was sold at an average price of $40.00, for a total transaction of $200,000.00. Following the transaction, the director now directly owns 434,769 shares of the company’s stock, valued at $17,390,760. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,500 shares of company stock worth $542,110. Company insiders own 3.66% of the company’s stock.

United Bankshares Stock Up 1.1 %

Shares of NASDAQ UBSI opened at $38.53 on Friday. The firm has a 50 day moving average price of $39.91 and a 200 day moving average price of $37.91. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The stock has a market cap of $5.21 billion, a P/E ratio of 14.59 and a beta of 1.03. United Bankshares, Inc. has a 52-week low of $30.68 and a 52-week high of $44.43.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 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 business had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. During the same quarter in the prior year, the company earned $0.71 EPS. Analysts expect that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.84%. United Bankshares’s payout ratio is 56.06%.

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.