Mark R. Nesselroad Sells 6,000 Shares of United Bankshares, Inc. (NASDAQ:UBSI) Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the transaction, the director now directly 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 filing with the SEC, which is available through this hyperlink.

United Bankshares Stock Up 0.9 %

UBSI stock traded up $0.34 during mid-day trading on Thursday, reaching $38.10. The company had a trading volume of 75,868 shares, compared to its average volume of 520,587. United Bankshares, Inc. has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The company has a market capitalization of $5.15 billion, a price-to-earnings ratio of 14.43 and a beta of 1.01. 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 firm has a fifty day simple moving average of $40.14 and a 200 day simple moving average of $37.05.

United Bankshares (NASDAQ:UBSI) last announced 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. The company had revenue of $414.67 million for the quarter, compared to the consensus estimate 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 in the prior year, the firm posted $0.71 EPS. Analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be issued a $0.37 dividend. The ex-dividend date is Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.88%. United Bankshares’s payout ratio is currently 56.06%.

Analysts Set New Price Targets

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

Institutional Investors Weigh In On United Bankshares

Several institutional investors have recently added to or reduced their stakes in the business. Jane Street Group LLC raised its holdings in United Bankshares by 27.2% during the third quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock worth $5,991,000 after purchasing an additional 34,526 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in United Bankshares by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock worth $62,070,000 after acquiring an additional 83,503 shares in the last quarter. BNP Paribas Financial Markets lifted its position in United Bankshares by 73.1% in the third quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 21,520 shares during the last quarter. Daiwa Securities Group Inc. boosted its stake in United Bankshares by 3.6% in the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 427 shares in the last quarter. Finally, BNP PARIBAS ASSET MANAGEMENT Holding S.A. lifted its holdings in shares of United Bankshares by 10.0% in 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 during the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

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.