United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Dana Investment Advisors Inc.

Dana Investment Advisors Inc. decreased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 5.4% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 79,106 shares of the financial services provider’s stock after selling 4,555 shares during the period. Dana Investment Advisors Inc.’s holdings in United Bankshares were worth $2,970,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in UBSI. SBI Securities Co. Ltd. acquired a new position in United Bankshares during the 4th quarter worth approximately $26,000. Jones Financial Companies Lllp boosted its stake in shares of United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock worth $33,000 after acquiring an additional 310 shares in the last quarter. Wilmington Savings Fund Society FSB boosted its stake in shares of United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,364 shares in the last quarter. Principal Securities Inc. boosted its stake in shares of United Bankshares by 10.1% during the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 285 shares in the last quarter. Finally, Milestone Asset Management LLC purchased a new stake in shares of United Bankshares during the 4th quarter worth approximately $201,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

Analyst Upgrades and Downgrades

UBSI has been the topic of several research analyst reports. StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods reduced their target price on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. Finally, Stephens reaffirmed an “equal weight” rating and issued a $43.00 target price on shares of United Bankshares in a research note on Monday, January 27th.

United Bankshares Trading Down 0.4 %

Shares of United Bankshares stock opened at $35.08 on Friday. 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 $4.74 billion, a PE ratio of 12.80 and a beta of 1.02. The business’s fifty day moving average is $37.45 and its two-hundred day moving average is $38.34. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same quarter last year, the firm posted $0.59 EPS. Analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.22%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio is presently 54.01%.

Insiders Place Their Bets

In other news, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the sale, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. This represents a 14.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 3.66% of the company’s stock.

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.