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 company’s stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the sale, the director now owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Bankshares Trading Up 1.4 %

Shares of UBSI stock opened at $38.00 on Friday. 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 50 day moving average price of $40.17 and a 200 day moving average price of $37.06. The stock has a market capitalization of $5.14 billion, a P/E ratio of 14.39 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.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate 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 the consensus estimate of $260.30 million. During the same quarter in the previous year, the firm posted $0.71 earnings per share. Equities research analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.48 annualized dividend and a yield of 3.89%. United Bankshares’s dividend payout ratio (DPR) is 56.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com upgraded United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Four equities 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, the company has an average rating of “Hold” and a consensus price target of $40.25.

Hedge Funds Weigh In On United Bankshares

Hedge funds and other institutional investors have recently made changes to their positions in the stock. UMB Bank n.a. increased its stake in shares of United Bankshares by 237.6% during the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after buying an additional 594 shares during the period. GAMMA Investing LLC increased its position 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. Innealta Capital LLC acquired a new stake in shares of United Bankshares in the 2nd quarter valued at $116,000. Marathon Strategic Advisors LLC purchased a new stake in shares of United Bankshares during the 3rd quarter worth $206,000. Finally, Quest Partners LLC grew its stake in shares of United Bankshares by 377.2% during the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 4,459 shares in the last quarter. 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.