Graves Light Lenhart Wealth Inc. Sells 443 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Graves Light Lenhart Wealth Inc. lessened its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 6.6% in the fourth quarter, Holdings Channel.com reports. The fund owned 6,257 shares of the financial services provider’s stock after selling 443 shares during the quarter. Graves Light Lenhart Wealth Inc.’s holdings in United Bankshares were worth $235,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently made changes to their positions in UBSI. UMB Bank n.a. grew 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 purchasing an additional 594 shares during the period. GAMMA Investing LLC boosted its holdings in United Bankshares by 34.6% during the third quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after buying an additional 534 shares during the last quarter. Marathon Strategic Advisors LLC acquired a new position in shares of United Bankshares during the 3rd quarter worth about $206,000. Quest Partners LLC increased its stake in shares of United Bankshares by 377.2% in the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 4,459 shares during the last quarter. Finally, Centiva Capital LP bought a new stake in shares of United Bankshares in the 3rd quarter valued at about $213,000. Institutional investors own 70.80% of the company’s stock.

Analyst Ratings Changes

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

United Bankshares Stock Performance

UBSI stock opened at $36.30 on Tuesday. 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 firm has a market cap of $4.91 billion, a PE ratio of 13.75 and a beta of 1.03. The business’s 50-day moving average price is $40.14 and its two-hundred day moving average price is $37.80.

United Bankshares (NASDAQ:UBSI) last released 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 return on equity of 7.58% and a net margin of 22.05%. The business had revenue of $414.67 million for the quarter, compared to analysts’ expectations of $260.30 million. During the same quarter in the previous year, the business posted $0.71 EPS. As a group, research 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 declared a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.08%. The ex-dividend date of this dividend was Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

Insider Transactions at United Bankshares

In related news, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the transaction, the director now owns 35,424 shares in the company, valued at approximately $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction on 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 sale, the director now owns 63,409 shares in the company, valued at $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. 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.