United Bankshares, Inc. (NASDAQ:UBSI) Shares Bought by Pacer Advisors Inc.

Pacer Advisors Inc. boosted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 2.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 20,108 shares of the financial services provider’s stock after buying an additional 432 shares during the period. Pacer Advisors Inc.’s holdings in United Bankshares were worth $755,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Jane Street Group LLC grew its position in shares of United Bankshares by 27.2% in 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 purchasing an additional 34,526 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake 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 worth $62,070,000 after purchasing an additional 83,503 shares in the last quarter. BNP Paribas Financial Markets lifted its stake 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 worth $1,890,000 after purchasing an additional 21,520 shares in the last quarter. Daiwa Securities Group Inc. raised its stake in shares of United Bankshares by 3.6% in the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock valued at $457,000 after acquiring an additional 427 shares in the last quarter. Finally, JPMorgan Chase & Co. raised its stake in shares of United Bankshares by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock valued at $22,068,000 after acquiring an additional 52,949 shares in the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at United Bankshares

In other news, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the sale, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. This represents a 14.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the sale, the director now 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. In the last 90 days, insiders have sold 13,500 shares of company stock valued at $542,110. 3.66% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

UBSI has been the topic of several analyst reports. StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Stephens reaffirmed an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, January 27th.

United Bankshares Price Performance

Shares of NASDAQ:UBSI opened at $37.59 on Tuesday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The company has a market cap of $5.08 billion, a P/E ratio of 13.72 and a beta of 1.02. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $44.43. The company has a 50-day moving average price of $39.04 and a 200 day moving average price of $38.33.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same quarter last year, the business posted $0.59 EPS. Research analysts predict that United Bankshares, Inc. will post 2.82 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.94%. The ex-dividend date was Friday, December 13th. United Bankshares’s payout ratio is currently 54.01%.

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.