Fisher Asset Management LLC Sells 48,683 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Fisher Asset Management LLC lowered its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 4.0% during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,172,810 shares of the financial services provider's stock after selling 48,683 shares during the quarter. Fisher Asset Management LLC owned 0.87% of United Bankshares worth $44,039,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. State of Alaska Department of Revenue lifted its holdings in United Bankshares by 7.3% during the third quarter. State of Alaska Department of Revenue now owns 15,634 shares of the financial services provider's stock worth $580,000 after acquiring an additional 1,060 shares during the period. CWA Asset Management Group LLC purchased a new stake in shares of United Bankshares during the 3rd quarter valued at $461,000. Atria Investments Inc raised its stake in shares of United Bankshares by 6.2% during the 3rd quarter. Atria Investments Inc now owns 36,819 shares of the financial services provider's stock worth $1,366,000 after purchasing an additional 2,163 shares during the period. Los Angeles Capital Management LLC boosted its holdings in shares of United Bankshares by 23.4% in the 3rd quarter. Los Angeles Capital Management LLC now owns 10,813 shares of the financial services provider's stock worth $401,000 after buying an additional 2,051 shares during the last quarter. Finally, Versor Investments LP purchased a new position in shares of United Bankshares in the 3rd quarter worth about $393,000. Hedge funds and other institutional investors own 70.80% of the company's stock.

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United Bankshares Stock Performance

UBSI traded down $0.35 during trading hours on Thursday, hitting $34.98. The stock had a trading volume of 239,213 shares, compared to its average volume of 515,187. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company's fifty day simple moving average is $37.57 and its 200 day simple moving average is $38.38. The stock has a market cap of $4.73 billion, a PE ratio of 12.77 and a beta of 1.02. 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 - Get Free Report) last posted its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same period in the prior year, the business earned $0.59 earnings per share. Equities analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 4.23%. United Bankshares's payout ratio is 54.01%.

Insider Buying and Selling at United Bankshares

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction dated 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 transaction, the director now owns 35,424 shares of the company's stock, valued at $1,387,203.84. The trade was a 14.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Insiders own 3.66% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on the stock. StockNews.com downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price target on shares of United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a research note on Monday, January 27th. Finally, Stephens reiterated an "equal weight" rating and issued a $43.00 price objective on shares of United Bankshares in a research note on Monday, January 27th.

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.