Vaughan Nelson Investment Management L.P. Has $60.54 Million Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Vaughan Nelson Investment Management L.P. boosted its stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 3.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,612,170 shares of the financial services provider's stock after acquiring an additional 54,089 shares during the quarter. Vaughan Nelson Investment Management L.P. owned about 1.19% of United Bankshares worth $60,538,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Jane Street Group LLC lifted its holdings in United Bankshares by 27.2% in the 3rd quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider's stock worth $5,991,000 after buying an additional 34,526 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of United Bankshares by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider's stock worth $62,070,000 after acquiring an additional 83,503 shares in the last quarter. BNP Paribas Financial Markets boosted its holdings in United Bankshares by 73.1% in the third quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider's stock valued at $1,890,000 after purchasing an additional 21,520 shares during the last quarter. Daiwa Securities Group Inc. grew its stake in United Bankshares by 3.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider's stock valued at $457,000 after purchasing an additional 427 shares in the last quarter. Finally, JPMorgan Chase & Co. increased its holdings in United Bankshares by 9.8% during the 3rd quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider's stock worth $22,068,000 after purchasing an additional 52,949 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company's stock.

Insiders Place Their Bets

In other United Bankshares news, Director J Paul Mcnamara sold 2,500 shares of the company's stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the sale, the director now directly owns 63,409 shares of the company's stock, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction 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 sale, the director now owns 35,424 shares of the company's stock, 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. 3.66% of the stock is owned by corporate insiders.

United Bankshares Stock Performance

Shares of NASDAQ UBSI traded down $1.15 during midday trading on Wednesday, hitting $37.84. The company's stock had a trading volume of 479,115 shares, compared to its average volume of 572,197. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43. The firm's fifty day moving average price is $38.54 and its 200-day moving average price is $38.36. The firm has a market cap of $5.12 billion, a P/E ratio of 13.81 and a beta of 1.02.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate 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 earned $0.59 earnings per share. On average, sell-side analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on the company. Keefe, Bruyette & Woods reduced their target price on 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. StockNews.com downgraded shares of United Bankshares from a "hold" rating to a "sell" rating in a research note on Monday, January 27th. Finally, Stephens reissued an "equal weight" rating and issued a $43.00 target price on shares of United Bankshares 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.