United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Yousif Capital Management LLC

Yousif Capital Management LLC reduced its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 47,326 shares of the financial services provider’s stock after selling 2,086 shares during the period. Yousif Capital Management LLC’s holdings in United Bankshares were worth $1,777,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. GAMMA Investing LLC increased its holdings in shares of United Bankshares by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after buying an additional 534 shares during the last quarter. UMB Bank n.a. grew its position in United Bankshares by 237.6% during the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock valued at $31,000 after acquiring an additional 594 shares during the period. Ritholtz Wealth Management acquired a new stake in United Bankshares during the third quarter worth about $445,000. Inspire Investing LLC raised 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 worth $412,000 after purchasing an additional 291 shares during the period. Finally, Courier Capital LLC acquired a new position in shares of United Bankshares in the 3rd quarter valued at about $215,000. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Stock Up 1.8 %

NASDAQ UBSI opened at $38.99 on Wednesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The business has a 50 day moving average price of $38.62 and a two-hundred day moving average price of $38.37. The stock has a market cap of $5.27 billion, a PE ratio of 14.23 and a beta of 1.02.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, beating 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 in the prior year, the firm earned $0.59 earnings per share. As a group, sell-side analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Analysts Set New Price Targets

UBSI has been the subject of a number of research analyst reports. 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 research report on Monday, January 27th. Stephens reissued an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. Finally, StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th.

Insider Activity

In related news, Director J Paul Mcnamara sold 2,500 shares of United Bankshares 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 owns 63,409 shares in the company, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 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 transaction of $234,960.00. Following the transaction, the director now owns 35,424 shares in the company, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 3.66% of the company’s stock.

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.