SG Americas Securities LLC Sells 21,270 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

SG Americas Securities LLC trimmed its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 71.7% during the third quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 8,406 shares of the financial services provider’s stock after selling 21,270 shares during the period. SG Americas Securities LLC’s holdings in United Bankshares were worth $312,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently modified their holdings of the company. ProShare Advisors LLC boosted its stake in United Bankshares by 110.4% during the second quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock worth $71,577,000 after acquiring an additional 1,157,579 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in shares of United Bankshares by 14.8% during the 1st quarter. Vaughan Nelson Investment Management L.P. now owns 1,311,291 shares of the financial services provider’s stock worth $46,931,000 after purchasing an additional 169,200 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of United Bankshares by 1.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock valued at $256,521,000 after buying an additional 142,545 shares during the period. Systematic Financial Management LP increased its position in United Bankshares by 73.8% in the 2nd quarter. Systematic Financial Management LP now owns 279,039 shares of the financial services provider’s stock valued at $9,052,000 after buying an additional 118,501 shares in the last quarter. Finally, Earnest Partners LLC raised its stake in United Bankshares by 1.8% during the 2nd quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock worth $137,993,000 after buying an additional 74,638 shares during the period. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Stock Performance

Shares of UBSI stock opened at $37.71 on Friday. The firm’s 50-day simple moving average is $37.09 and its two-hundred day simple moving average is $34.95. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 1.00. United Bankshares, Inc. has a 52 week low of $25.35 and a 52 week high of $39.93. The firm has a market cap of $5.10 billion, a price-to-earnings ratio of 14.39 and a beta of 0.99.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, July 25th. The financial services provider reported $0.71 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.07. The firm had revenue of $255.94 million during the quarter, compared to analyst estimates of $255.54 million. United Bankshares had a return on equity of 7.72% and a net margin of 22.44%. The business’s revenue for the quarter was down 2.6% on a year-over-year basis. During the same period last year, the company earned $0.68 earnings per share. As a group, equities analysts forecast that United Bankshares, Inc. will post 2.7 earnings per share for the current year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 1st. Stockholders of record on Friday, September 13th were issued a $0.37 dividend. The ex-dividend date was Friday, September 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.92%. United Bankshares’s payout ratio is 56.49%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, September 26th. DA Davidson boosted their price target on shares of United Bankshares from $36.00 to $41.00 and gave the company a “neutral” rating in a research note on Friday, July 26th. Stephens raised their price objective on shares of United Bankshares from $36.00 to $39.00 and gave the company an “equal weight” rating in a research note on Friday, July 26th. Finally, Keefe, Bruyette & Woods boosted their target price on shares of United Bankshares from $38.00 to $40.00 and gave the stock a “market perform” rating in a research report on Friday, July 26th. One analyst has rated the stock with a sell rating, three have assigned a hold rating and one has issued a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus target price of $40.25.

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.