United Bankshares, Inc. (NASDAQ:UBSI) Shares Bought by Integrated Investment Consultants LLC

Integrated Investment Consultants LLC boosted its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 2.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,537 shares of the financial services provider’s stock after acquiring an additional 270 shares during the quarter. Integrated Investment Consultants LLC’s holdings in United Bankshares were worth $471,000 at the end of the most recent quarter.

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

United Bankshares Stock Up 1.1 %

Shares of NASDAQ:UBSI opened at $38.53 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The firm has a market capitalization of $5.21 billion, a PE ratio of 14.59 and a beta of 1.03. The firm’s 50-day moving average is $39.91 and its two-hundred day moving average is $37.95. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $260.30 million. During the same period in the previous year, the company posted $0.71 earnings per share. Analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.84%. The ex-dividend date of this dividend was Friday, December 13th. United Bankshares’s dividend payout ratio is presently 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 note on Wednesday, November 13th.

Insider Transactions at United Bankshares

In other news, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction dated 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 directly owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the director now directly owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 13,500 shares of company stock valued at $542,110. 3.66% of the stock is currently owned by corporate insiders.

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.