United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Verity Asset Management Inc.

Verity Asset Management Inc. reduced its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 46.1% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 28,075 shares of the financial services provider's stock after selling 24,017 shares during the period. Verity Asset Management Inc.'s holdings in United Bankshares were worth $1,054,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of UBSI. Integrated Investment Consultants LLC boosted its holdings in United Bankshares by 2.2% in the 4th quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider's stock valued at $471,000 after purchasing an additional 270 shares in the last quarter. Inspire Investing LLC lifted its holdings in shares of United Bankshares by 2.7% in the 3rd quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider's stock valued at $412,000 after buying an additional 291 shares during the period. HighTower Advisors LLC boosted its position in shares of United Bankshares by 1.7% during the 3rd quarter. HighTower Advisors LLC now owns 19,542 shares of the financial services provider's stock worth $730,000 after purchasing an additional 332 shares in the last quarter. Daiwa Securities Group Inc. grew its position in United Bankshares by 3.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider's stock worth $457,000 after buying an additional 427 shares during the period. Finally, Pacer Advisors Inc. increased its holdings in United Bankshares by 2.2% in the fourth quarter. Pacer Advisors Inc. now owns 20,108 shares of the financial services provider's stock valued at $755,000 after buying an additional 432 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, 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 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 approximately $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the transaction, the director now directly owns 63,409 shares in the company, valued at approximately $2,717,709.74. This represents a 3.79 % 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 Price Performance

UBSI stock traded down $0.67 on Friday, reaching $38.60. The company had a trading volume of 416,315 shares, compared to its average volume of 588,385. The company's fifty day moving average is $38.74 and its 200 day moving average is $38.35. The company has a market cap of $5.22 billion, a P/E ratio of 14.09 and a beta of 1.02. 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.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating analysts' consensus estimates 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 company earned $0.59 EPS. On average, research analysts forecast that United Bankshares, Inc. will post 2.82 earnings per share for the current year.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on UBSI shares. StockNews.com cut United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their target price on United Bankshares from $46.00 to $45.00 and set a "market perform" rating on the stock in a report on Monday, January 27th. Finally, Stephens reaffirmed an "equal weight" rating and set a $43.00 price target 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.