Commonwealth Equity Services LLC Sells 1,878 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Commonwealth Equity Services LLC decreased its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 11.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 15,101 shares of the financial services provider’s stock after selling 1,878 shares during the period. Commonwealth Equity Services LLC’s holdings in United Bankshares were worth $567,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Geode Capital Management LLC lifted its holdings in shares of United Bankshares by 1.7% during the third quarter. Geode Capital Management LLC now owns 3,306,542 shares of the financial services provider’s stock valued at $122,695,000 after acquiring an additional 53,994 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of United Bankshares by 2.2% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 1,710,588 shares of the financial services provider’s stock worth $64,233,000 after purchasing an additional 37,532 shares during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of United Bankshares by 3.5% in the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,170 shares of the financial services provider’s stock worth $60,538,000 after acquiring an additional 54,089 shares during the last quarter. JPMorgan Chase & Co. raised its position in United Bankshares by 9.8% in the 3rd quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock worth $22,068,000 after purchasing an additional 52,949 shares during the last quarter. Finally, Rhumbline Advisers lifted its stake in shares of United Bankshares by 1.3% during the fourth quarter. Rhumbline Advisers now owns 455,157 shares of the financial services provider’s stock valued at $17,091,000 after acquiring an additional 6,002 shares during the period. Institutional investors own 70.80% of the company’s stock.

Insider Transactions at United Bankshares

In related news, Director Sara Dumond acquired 2,600 shares of the firm’s stock in a transaction on Monday, March 24th. The shares were purchased at an average cost of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the acquisition, the director now directly owns 5,054 shares in the company, valued at approximately $176,940.54. This trade represents a 105.95 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through the SEC website. 3.66% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have issued reports on the stock. StockNews.com cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Stephens restated an “equal weight” rating and set a $43.00 target price on shares of United Bankshares in a report on Monday, January 27th. Piper Sandler reiterated a “neutral” rating and issued a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods decreased 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 report on Monday, January 27th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $41.88.

United Bankshares Stock Performance

UBSI opened at $31.65 on Friday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The company has a market capitalization of $4.53 billion, a price-to-earnings ratio of 11.55 and a beta of 0.91. The business’s 50-day moving average price is $36.11 and its two-hundred day moving average price is $37.89. United Bankshares, Inc. has a 1 year low of $30.51 and a 1 year high of $44.43.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 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 quarter in the prior year, the business posted $0.59 earnings per share. Equities analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.68%. The ex-dividend date was Friday, March 14th. United Bankshares’s dividend payout ratio (DPR) is presently 54.01%.

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.