Kestra Private Wealth Services LLC Makes New $419,000 Investment in United Bankshares, Inc. (NASDAQ:UBSI)

Kestra Private Wealth Services LLC acquired a new position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 11,161 shares of the financial services provider's stock, valued at approximately $419,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of UBSI. Victory Capital Management Inc. grew its stake 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 valued at $148,300,000 after acquiring an additional 14,833 shares in the last quarter. Geode Capital Management LLC grew its stake 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 valued at $122,695,000 after acquiring an additional 53,994 shares in the last quarter. Charles Schwab Investment Management Inc. grew its stake 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 valued at $62,070,000 after acquiring an additional 83,503 shares in the last quarter. Vaughan Nelson Investment Management L.P. grew its stake in United Bankshares by 3.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,170 shares of the financial services provider's stock valued at $60,538,000 after acquiring an additional 54,089 shares in the last quarter. Finally, Fisher Asset Management LLC grew its stake in United Bankshares by 1.4% during the third quarter. Fisher Asset Management LLC now owns 1,221,493 shares of the financial services provider's stock valued at $45,317,000 after acquiring an additional 16,782 shares in the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Trading Down 2.6 %

Shares of United Bankshares stock traded down $0.98 during trading on Thursday, hitting $36.77. The stock had a trading volume of 773,625 shares, compared to its average volume of 562,686. The firm's fifty day simple moving average is $38.19 and its 200-day simple moving average is $38.36. The stock has a market cap of $4.97 billion, a PE ratio of 13.42 and a beta of 1.02. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) 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 last year, the firm posted $0.59 earnings per share. As a group, sell-side analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Insider Transactions at United Bankshares

In other United Bankshares news, Director J Paul Mcnamara sold 2,500 shares of the firm's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the director now owns 63,409 shares of the company's stock, valued at approximately $2,717,709.74. This trade represents a 3.79 % decrease in their position. 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 dated Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the transaction, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their position. The disclosure for this sale can be found here. Company insiders own 3.66% of the company's stock.

Analyst Upgrades and Downgrades

Several equities analysts have commented on the stock. Stephens reiterated an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. StockNews.com lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price objective on shares of United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a research report on Monday, January 27th.

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.