5,899 Shares in United Bankshares, Inc. (NASDAQ:UBSI) Purchased by Vestia Personal Wealth Advisors

Vestia Personal Wealth Advisors purchased a new position in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 5,899 shares of the financial services provider’s stock, valued at approximately $219,000.

Several other large investors also recently bought and sold shares of the stock. Inspire Investing LLC increased its position in United Bankshares by 2.7% during the third quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider’s stock worth $412,000 after buying an additional 291 shares in the last quarter. Envestnet Portfolio Solutions Inc. increased its position in shares of United Bankshares by 5.6% during the second quarter. Envestnet Portfolio Solutions Inc. now owns 6,587 shares of the financial services provider’s stock worth $214,000 after acquiring an additional 350 shares during the last quarter. Vanguard Personalized Indexing Management LLC increased its holdings in United Bankshares by 4.0% in the second quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the financial services provider’s stock valued at $401,000 after buying an additional 479 shares during the last quarter. GAMMA Investing LLC grew its holdings in shares of United Bankshares by 34.6% during the third 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. Finally, UMB Bank n.a. boosted its stake in United Bankshares by 237.6% during the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 594 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Insider Transactions at United Bankshares

In related news, Director Peter A. Converse sold 5,000 shares of the business’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the sale, the director now directly owns 434,769 shares in the company, valued at approximately $17,390,760. The trade was a 0.00 % 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. Corporate insiders own 3.66% of the company’s stock.

United Bankshares Stock Performance

Shares of UBSI stock opened at $43.05 on Tuesday. The firm’s 50-day simple moving average is $37.53 and its two-hundred day simple moving average is $35.51. United Bankshares, Inc. has a 52 week low of $29.37 and a 52 week high of $43.77. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market cap of $5.82 billion, a price-to-earnings ratio of 16.31 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data 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 analyst estimates of $260.30 million. During the same period in the prior year, the business earned $0.71 EPS. As a group, equities analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share for the current year.

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.44%. The ex-dividend date of this dividend was Friday, September 13th. United Bankshares’s dividend payout ratio (DPR) is 56.06%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Stephens raised their price objective on United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research note on Friday, July 26th. Keefe, Bruyette & Woods raised their price target on United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research report on Friday, July 26th. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, November 5th. Finally, DA Davidson raised their price target on shares of United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a buy rating to the stock. Based on data from MarketBeat, United Bankshares currently has a consensus rating of “Hold” and an average target price of $40.25.

United Bankshares 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.