United Bankshares, Inc. (NASDAQ:UBSI) Director Mark R. Nesselroad Sells 6,000 Shares

United Bankshares, Inc. (NASDAQ:UBSI - Get Free Report) Director Mark R. Nesselroad sold 6,000 shares of the firm's stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total value of $234,960.00. Following the completion of the sale, the director now directly owns 35,424 shares of the company's stock, valued at approximately $1,387,203.84. This trade represents a 14.48 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.

United Bankshares Stock Down 0.7 %

Shares of United Bankshares stock traded down $0.27 during trading on Thursday, hitting $37.49. 1,104,582 shares of the stock traded hands, compared to its average volume of 524,829. The company has a fifty day moving average price of $40.17 and a two-hundred day moving average price of $37.06. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The stock has a market cap of $5.07 billion, a P/E ratio of 14.20 and a beta of 1.01. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. The company had revenue of $414.67 million during the quarter, compared to the consensus estimate of $260.30 million. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same period in the previous year, the firm posted $0.71 earnings per share. Equities research analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, December 13th. This represents a $1.48 annualized dividend and a yield of 3.95%. United Bankshares's dividend payout ratio (DPR) is currently 56.06%.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of United Bankshares from a "sell" rating to a "hold" rating in a research note on Wednesday, November 13th. Four research analysts have rated the stock with a hold rating and one has given a buy rating to the company's stock. According to data from MarketBeat, United Bankshares presently has an average rating of "Hold" and a consensus target price of $40.25.

Institutional Trading of United Bankshares

A number of institutional investors and hedge funds have recently made changes to their positions in UBSI. Dimensional Fund Advisors LP lifted its stake in shares of United Bankshares by 1.8% in the second quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider's stock worth $256,521,000 after buying an additional 142,545 shares during the last quarter. Earnest Partners LLC lifted its position in United Bankshares by 1.8% during the 2nd 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 during the last quarter. Victory Capital Management Inc. boosted 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 valued at $148,300,000 after acquiring an additional 14,833 shares during the period. Geode Capital Management LLC boosted 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 valued at $122,695,000 after acquiring an additional 53,994 shares during the period. Finally, ProShare Advisors LLC grew its position in shares of United Bankshares by 110.4% in the second quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider's stock valued at $71,577,000 after purchasing an additional 1,157,579 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company's stock.

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.