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 firm’s stock in a transaction on Tuesday, November 26th. The stock was 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 $2,717,709.74. This represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

United Bankshares Stock Performance

Shares of NASDAQ UBSI traded up $0.10 during mid-day trading on Wednesday, hitting $42.97. The company had a trading volume of 28,934 shares, compared to its average volume of 523,195. The company has a market capitalization of $5.81 billion, a price-to-earnings ratio of 16.24 and a beta of 0.98. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock’s 50-day moving average price is $38.57 and its 200-day moving average price is $36.13.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) 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 analyst estimates 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 earnings per share. On average, sell-side analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share for the current year.

United Bankshares Dividend Announcement

The business 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 annualized dividend and a dividend yield of 3.44%. United Bankshares’s dividend payout ratio is currently 56.06%.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised 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 given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average target price of $40.25.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Inspire Investing LLC grew its holdings in shares of United Bankshares by 2.7% during the 3rd quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider’s stock worth $412,000 after acquiring an additional 291 shares during the period. HighTower Advisors LLC lifted its holdings in shares of United Bankshares by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider’s stock valued at $730,000 after buying an additional 332 shares during the period. Envestnet Portfolio Solutions Inc. lifted its holdings in shares of United Bankshares by 5.6% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 6,587 shares of the financial services provider’s stock valued at $214,000 after buying an additional 350 shares during the period. Daiwa Securities Group Inc. lifted its holdings in shares of United Bankshares by 3.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock valued at $457,000 after buying an additional 427 shares during the period. Finally, Vanguard Personalized Indexing Management LLC increased its stake in shares of United Bankshares by 4.0% in the 2nd 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. 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.