Stifel Financial Corp Buys 4,381 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Stifel Financial Corp raised its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 11.1% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 43,822 shares of the financial services provider’s stock after buying an additional 4,381 shares during the quarter. Stifel Financial Corp’s holdings in United Bankshares were worth $1,626,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in UBSI. UMB Bank n.a. raised its position in shares of United Bankshares by 237.6% in the 3rd 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. GAMMA Investing LLC increased its stake in United Bankshares by 34.6% in the third quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock valued at $77,000 after purchasing an additional 534 shares in the last quarter. Innealta Capital LLC acquired a new stake in United Bankshares in the second quarter worth $116,000. Marathon Strategic Advisors LLC bought a new position in shares of United Bankshares during the third quarter worth $206,000. Finally, Quest Partners LLC grew its holdings in shares of United Bankshares by 377.2% in the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after buying an additional 4,459 shares during the period. Institutional investors own 70.80% of the company’s stock.

Insider Buying and Selling

In related news, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the transaction, the director now owns 63,409 shares in the company, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 transaction of $234,960.00. Following the completion of the transaction, the director now directly owns 35,424 shares in the company, valued at approximately $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 13,500 shares of company stock valued at $542,110. 3.66% of the stock is owned by insiders.

United Bankshares Stock Up 1.4 %

United Bankshares stock opened at $38.00 on Friday. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The company has a quick ratio of 0.96, a current ratio of 0.97 and a debt-to-equity ratio of 0.11. The company has a 50 day moving average of $40.17 and a 200-day moving average of $37.06. The stock has a market capitalization of $5.14 billion, a PE ratio of 14.39 and a beta of 1.01.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping analysts’ consensus estimates of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The company had revenue of $414.67 million during the quarter, compared to the consensus estimate of $260.30 million. During the same period in the prior year, the business posted $0.71 EPS. On average, equities research analysts anticipate that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a $0.37 dividend. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.89%. United Bankshares’s payout ratio is 56.06%.

Wall Street Analyst Weigh In

Separately, StockNews.com raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th. Four investment analysts have rated the stock with a hold rating and one has issued a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $40.25.

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.