United Bankshares, Inc. (NASDAQ:UBSI) Shares Bought by Nisa Investment Advisors LLC

Nisa Investment Advisors LLC grew its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 12.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 5,656 shares of the financial services provider’s stock after purchasing an additional 608 shares during the quarter. Nisa Investment Advisors LLC’s holdings in United Bankshares were worth $214,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. Victory Capital Management Inc. increased its stake in United Bankshares by 0.4% during the 3rd quarter. Victory Capital Management Inc. now owns 3,997,311 shares of the financial services provider’s stock worth $148,300,000 after buying an additional 14,833 shares in the last quarter. Geode Capital Management LLC boosted its stake in United Bankshares by 1.7% during the 3rd quarter. Geode Capital Management LLC now owns 3,306,542 shares of the financial services provider’s stock worth $122,695,000 after purchasing an additional 53,994 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position 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 valued at $62,070,000 after purchasing an additional 83,503 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its holdings in shares of United Bankshares by 16.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock valued at $57,805,000 after purchasing an additional 223,150 shares during the last quarter. Finally, Fisher Asset Management LLC lifted its position 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 worth $45,317,000 after buying an additional 16,782 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on UBSI shares. StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a report on Monday. Keefe, Bruyette & Woods dropped their target price on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a report on Monday. 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.

United Bankshares Stock Down 0.4 %

Shares of United Bankshares stock opened at $38.31 on Thursday. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 52-week low of $30.68 and a 52-week high of $44.43. The company has a market capitalization of $5.18 billion, a P/E ratio of 14.51 and a beta of 1.03. The company has a 50 day moving average of $39.31 and a 200 day moving average of $38.29.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data 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 22.05% and a return on equity of 7.58%. During the same quarter in the previous year, the company posted $0.59 earnings per share. As a group, research analysts forecast that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.86%. United Bankshares’s payout ratio is currently 54.01%.

Insider Transactions at United Bankshares

In related news, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction on 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 $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Peter A. Converse sold 5,000 shares of the firm’s stock in a transaction dated Wednesday, November 6th. The stock was sold at an average price of $40.00, for a total value of $200,000.00. Following the transaction, the director now directly owns 434,769 shares in the company, valued at approximately $17,390,760. The trade was a 1.14 % decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders sold 13,500 shares of company stock worth $542,110. 3.66% of the stock is currently owned by insiders.

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.