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

Wesbanco Bank Inc. trimmed its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 0.6% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 119,764 shares of the financial services provider’s stock after selling 766 shares during the quarter. Wesbanco Bank Inc.’s holdings in United Bankshares were worth $4,497,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in UBSI. Earnest Partners LLC boosted its stake in 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 acquiring an additional 74,638 shares in the last quarter. Victory Capital Management Inc. increased its holdings in United Bankshares by 0.4% during the third quarter. Victory Capital Management Inc. now owns 3,997,311 shares of the financial services provider’s stock worth $148,300,000 after buying an additional 14,833 shares during the last quarter. Geode Capital Management LLC increased its holdings in United Bankshares by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,306,542 shares of the financial services provider’s stock worth $122,695,000 after buying an additional 53,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its holdings in United Bankshares by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock worth $62,070,000 after buying an additional 83,503 shares during the last quarter. Finally, Vaughan Nelson Investment Management L.P. increased its stake in shares of United Bankshares by 16.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock worth $57,805,000 after purchasing an additional 223,150 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director J Paul Mcnamara sold 2,500 shares of the 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 sale, the director now owns 63,409 shares in the company, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following 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 position. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock valued at $542,110 in the last three months. 3.66% of the stock is currently owned by corporate insiders.

United Bankshares Stock Performance

Shares of UBSI stock opened at $38.31 on Thursday. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43. The stock has a market cap of $5.18 billion, a PE ratio of 14.51 and a beta of 1.03. 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 company’s fifty day moving average price is $39.66 and its 200-day moving average price is $38.09.

United Bankshares (NASDAQ:UBSI) last posted its earnings results 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. 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 prior year, the business earned $0.71 EPS. On average, equities analysts expect that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.86%. The ex-dividend date was Friday, December 13th. United Bankshares’s dividend payout ratio (DPR) is currently 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.

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.