United Bankshares, Inc. (NASDAQ:UBSI) Director J Paul Mcnamara Sells 2,500 Shares

United Bankshares, Inc. (NASDAQ:UBSI) Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction dated Tuesday, November 26th. The shares were 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 position. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website.

United Bankshares Stock Performance

NASDAQ UBSI traded up $0.10 on Wednesday, reaching $42.97. 28,934 shares of the company’s stock traded hands, compared to its average volume of 523,195. The firm has a market cap of $5.81 billion, a price-to-earnings ratio of 16.24 and a beta of 0.98. The stock has a 50 day moving average price of $38.57 and a 200-day moving average price of $36.13. United Bankshares, Inc. has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97.

United Bankshares (NASDAQ:UBSI) last released its earnings results 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. The business had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same quarter in the previous year, the company earned $0.71 earnings per share. Equities research analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, January 2nd. Investors of record on Friday, December 13th will be paid a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, December 13th. This represents a $1.48 annualized dividend and a yield of 3.44%. United Bankshares’s dividend payout ratio is currently 56.06%.

Institutional Investors Weigh In On United Bankshares

Hedge funds and other institutional investors have recently bought and sold shares of the stock. UMB Bank n.a. boosted its holdings in United Bankshares by 237.6% during the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after buying an additional 594 shares in the last quarter. GAMMA Investing LLC increased its position in United Bankshares by 253.5% during the second quarter. GAMMA Investing LLC now owns 1,545 shares of the financial services provider’s stock worth $50,000 after purchasing an additional 1,108 shares during the last quarter. New Covenant Trust Company N.A. acquired a new position in United Bankshares during the first quarter worth approximately $79,000. Innealta Capital LLC acquired a new stake in shares of United Bankshares in the second quarter worth $116,000. Finally, Marathon Strategic Advisors LLC acquired a new stake in shares of United Bankshares in the third quarter worth $206,000. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has given a buy rating to the stock. According to MarketBeat, the company currently has a consensus 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.