Wesbanco Bank Inc. Sells 766 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Wesbanco Bank Inc. trimmed its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 0.6% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 119,764 shares of the financial services provider’s stock after selling 766 shares during the quarter. Wesbanco Bank Inc. owned approximately 0.09% of United Bankshares worth $4,497,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in UBSI. American Century Companies Inc. grew its stake 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 buying an additional 2,577 shares during the last quarter. Envestnet Asset Management Inc. lifted its position in shares of 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 lifted its position in shares of 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. Sei Investments Co. lifted its position in shares of 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. Finally, Earnest Partners LLC lifted its position in shares of United Bankshares by 1.8% during the second quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock worth $137,993,000 after purchasing an additional 74,638 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Trading Down 1.1 %

Shares of NASDAQ UBSI opened at $38.31 on Thursday. The company’s 50 day simple moving average is $39.66 and its 200 day simple moving average is $38.09. United Bankshares, Inc. has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The firm has a market capitalization of $5.18 billion, a P/E ratio of 14.51 and a beta of 1.03. 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 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. 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 for the quarter, compared to analyst estimates of $260.30 million. During the same period in the prior year, the business posted $0.71 earnings per share. On average, analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.86%. The ex-dividend date of this dividend was Friday, December 13th. United Bankshares’s dividend payout ratio is 56.06%.

Wall Street Analyst Weigh In

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

Insider Transactions at United Bankshares

In other news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction dated 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 transaction, 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 position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the transaction, the director now directly owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. This trade represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 13,500 shares of company stock valued at $542,110 over the last quarter. Corporate insiders own 3.66% 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.