Kestra Private Wealth Services LLC Purchases Shares of 11,161 United Bankshares, Inc. (NASDAQ:UBSI)

Kestra Private Wealth Services LLC purchased a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 11,161 shares of the financial services provider’s stock, valued at approximately $419,000.

Other institutional investors have also added to or reduced their stakes in the company. Jane Street Group LLC boosted its position in United Bankshares by 27.2% during the third quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock valued at $5,991,000 after buying an additional 34,526 shares during the period. Charles Schwab Investment Management Inc. boosted its position in United Bankshares by 5.3% during 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 buying an additional 83,503 shares during the period. BNP Paribas Financial Markets boosted its position in United Bankshares by 73.1% during 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 buying an additional 21,520 shares during the period. Daiwa Securities Group Inc. boosted 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 valued at $457,000 after buying an additional 427 shares during the period. Finally, JPMorgan Chase & Co. boosted its position in United Bankshares by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock valued at $22,068,000 after buying an additional 52,949 shares during the period. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Director Mark R. Nesselroad sold 6,000 shares of the 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 transaction, the director now directly owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the transaction, the director now directly owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.66% of the stock is owned by insiders.

Analysts Set New Price Targets

Several analysts have issued reports on UBSI shares. Stephens restated an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a research report on Monday, January 27th. 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, 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.

United Bankshares Stock Performance

United Bankshares stock opened at $37.93 on Monday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. The firm has a 50-day moving average of $38.39 and a 200-day moving average of $38.35. The firm has a market cap of $5.13 billion, a P/E ratio of 13.84 and a beta of 1.02. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) 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 in the prior year, the company earned $0.59 earnings per share. Sell-side analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current year.

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.