Choreo LLC Invests $206,000 in United Bankshares, Inc. (NASDAQ:UBSI)

Choreo LLC acquired a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 5,451 shares of the financial services provider’s stock, valued at approximately $206,000.

Several other institutional investors also recently bought and sold shares of the stock. Integrated Investment Consultants LLC increased its stake in shares of United Bankshares by 2.2% in the fourth quarter. Integrated Investment Consultants LLC now owns 12,537 shares of the financial services provider’s stock worth $471,000 after purchasing an additional 270 shares during the period. HighTower Advisors LLC lifted its holdings in 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 buying an additional 332 shares in the last quarter. Daiwa Securities Group Inc. lifted its holdings 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 worth $457,000 after buying an additional 427 shares in the last quarter. Pacer Advisors Inc. lifted its holdings in United Bankshares by 2.2% during the 4th quarter. Pacer Advisors Inc. now owns 20,108 shares of the financial services provider’s stock worth $755,000 after buying an additional 432 shares in the last quarter. Finally, Nisa Investment Advisors LLC lifted its holdings in United Bankshares by 12.0% during the 4th quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider’s stock worth $214,000 after buying an additional 608 shares in the last quarter. 70.80% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Several analysts have commented on UBSI shares. Stephens reiterated an “equal weight” rating and set a $43.00 target price on shares of United Bankshares in a research report on Monday, January 27th. StockNews.com cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price objective 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.

United Bankshares Price Performance

UBSI opened at $37.93 on Friday. The stock has a market cap of $5.13 billion, a P/E ratio of 13.84 and a beta of 1.02. 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 12 month low of $30.68 and a 12 month high of $44.43. The company has a fifty day simple moving average of $38.39 and a 200 day simple moving average of $38.35.

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, topping analysts’ consensus estimates 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 last year, the firm posted $0.59 earnings per share. On average, research analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current year.

Insider Transactions at United Bankshares

In related news, Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction dated Wednesday, December 18th. The shares were 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 in the company, 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 SEC, which is accessible through the SEC website. Also, Director J Paul Mcnamara sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the sale, the director now owns 63,409 shares of the company’s stock, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 3.66% 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.