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 that occurred on Tuesday, November 26th. The stock was 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 owns 63,409 shares in the company, valued at $2,717,709.74. This represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

United Bankshares Price Performance

Shares of UBSI stock opened at $42.49 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. 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 cap of $5.75 billion, a P/E ratio of 16.09 and a beta of 0.98. The business’s 50 day moving average price is $38.78 and its 200-day moving average price is $36.23.

United Bankshares (NASDAQ:UBSI) last released its quarterly 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. 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 analysts’ expectations of $260.30 million. During the same quarter in the previous year, the business posted $0.71 earnings per share. On average, equities research analysts anticipate 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 will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s dividend payout ratio is currently 56.06%.

Hedge Funds Weigh In On United Bankshares

A number of institutional investors have recently bought and sold shares of UBSI. UMB Bank n.a. grew its holdings in shares of United Bankshares by 237.6% during the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after acquiring an additional 594 shares during the period. GAMMA Investing LLC lifted its stake in shares of United Bankshares by 253.5% in the 2nd quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock valued at $50,000 after purchasing an additional 1,108 shares during the period. New Covenant Trust Company N.A. purchased a new stake in United Bankshares in the first quarter worth $79,000. Innealta Capital LLC bought a new position in United Bankshares in the second quarter worth $116,000. Finally, Marathon Strategic Advisors LLC purchased a new position in United Bankshares during the third quarter valued at $206,000. 70.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 13th. Four investment 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 has an average rating of “Hold” and an average target price of $40.25.

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.