United Bankshares, Inc. (NASDAQ:UBSI) Shares Purchased by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC increased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 2.2% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,537 shares of the financial services provider’s stock after acquiring an additional 270 shares during the period. Integrated Investment Consultants LLC’s holdings in United Bankshares were worth $471,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBSI. American Century Companies Inc. grew its holdings in United Bankshares by 3.6% during the second quarter. American Century Companies Inc. now owns 73,340 shares of the financial services provider’s stock worth $2,379,000 after acquiring an additional 2,577 shares during the period. Envestnet Asset Management Inc. boosted its position in United Bankshares by 3.3% during the second quarter. Envestnet Asset Management Inc. now owns 256,203 shares of the financial services provider’s stock worth $8,311,000 after purchasing an additional 8,174 shares in the last quarter. Vanguard Personalized Indexing Management LLC boosted its position in United Bankshares by 4.0% during the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the financial services provider’s stock worth $401,000 after purchasing an additional 479 shares in the last quarter. Inspire Investing LLC boosted its position in United Bankshares by 8.3% during the second quarter. Inspire Investing LLC now owns 10,804 shares of the financial services provider’s stock worth $350,000 after purchasing an additional 828 shares in the last quarter. Finally, Sei Investments Co. boosted its position in United Bankshares by 2.0% during the second quarter. Sei Investments Co. now owns 297,039 shares of the financial services provider’s stock worth $9,636,000 after purchasing an additional 5,813 shares in the last quarter. 70.80% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Peter A. Converse sold 5,000 shares of the stock in a transaction that occurred on Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the sale, the director now owns 434,769 shares of the company’s stock, valued at approximately $17,390,760. This trade represents a 1.14 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction that occurred 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 sale, the director now directly owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 13,500 shares of company stock worth $542,110 over the last quarter. 3.66% of the stock is currently owned by corporate insiders.

United Bankshares Stock Performance

NASDAQ UBSI opened at $38.53 on Friday. The company has a market cap of $5.21 billion, a PE ratio of 14.59 and a beta of 1.03. The stock’s 50 day simple moving average is $39.91 and its 200-day simple moving average is $37.95. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-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.

United Bankshares (NASDAQ:UBSI) last released its earnings results 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 business had revenue of $414.67 million for the quarter, compared to the consensus estimate 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 business posted $0.71 earnings per share. As a group, equities research analysts anticipate that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a $0.37 dividend. The ex-dividend date was Friday, December 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.84%. United Bankshares’s dividend payout ratio (DPR) is presently 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.

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.