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 on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the transaction, the director now directly owns 63,409 shares in the company, valued at approximately $2,717,709.74. This trade represents a 3.79 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link.

United Bankshares Trading Down 0.9 %

NASDAQ UBSI opened at $42.49 on Thursday. United Bankshares, Inc. has a one year low of $30.68 and a one year high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The stock’s 50-day moving average is $38.68 and its 200-day moving average is $36.18. The firm has a market cap of $5.75 billion, a P/E ratio of 16.09 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating the consensus estimate of $0.67 by $0.03. The company had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same quarter last year, the company earned $0.71 EPS. 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 business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.48%. The ex-dividend date is Friday, December 13th. United Bankshares’s payout ratio is 56.06%.

Analyst Upgrades and Downgrades

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

Institutional Inflows and Outflows

Several large investors have recently added to or reduced their stakes 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 worth $31,000 after purchasing an additional 594 shares in the last quarter. GAMMA Investing LLC boosted its stake in shares of United Bankshares by 253.5% in the second quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock valued at $50,000 after buying an additional 1,108 shares during the period. New Covenant Trust Company N.A. acquired a new stake in United Bankshares during the first quarter worth approximately $79,000. Innealta Capital LLC bought a new position in United Bankshares during the 2nd quarter worth $116,000. Finally, Marathon Strategic Advisors LLC acquired a new position in United Bankshares in the 3rd quarter valued at $206,000. 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.