IFP Advisors Inc reduced its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 11.8% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 3,243 shares of the financial services provider’s stock after selling 432 shares during the quarter. IFP Advisors Inc’s holdings in United Bankshares were worth $100,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. FNY Investment Advisers LLC lifted its stake in United Bankshares by 97.1% in the 4th quarter. FNY Investment Advisers LLC now owns 1,774 shares of the financial services provider’s stock valued at $55,000 after acquiring an additional 874 shares in the last quarter. Security National Trust Co. lifted its stake in United Bankshares by 7.2% in the 3rd quarter. Security National Trust Co. now owns 23,801 shares of the financial services provider’s stock valued at $865,000 after acquiring an additional 1,600 shares in the last quarter. Riverhead Capital Management LLC lifted its stake in United Bankshares by 19.0% in the 3rd quarter. Riverhead Capital Management LLC now owns 10,653 shares of the financial services provider’s stock valued at $387,000 after acquiring an additional 1,700 shares in the last quarter. City Holding Co. lifted its stake in United Bankshares by 9.7% in the 3rd quarter. City Holding Co. now owns 19,889 shares of the financial services provider’s stock valued at $723,000 after acquiring an additional 1,754 shares in the last quarter. Finally, Bank of Montreal Can lifted its stake in United Bankshares by 1.0% in the 3rd quarter. Bank of Montreal Can now owns 277,696 shares of the financial services provider’s stock valued at $10,094,000 after acquiring an additional 2,662 shares in the last quarter. Institutional investors own 70.54% of the company’s stock.
In related news, Director P Clinton Winter acquired 1,000 shares of the company’s stock in a transaction dated Thursday, December 27th. The shares were bought at an average price of $29.70 per share, for a total transaction of $29,700.00. Following the purchase, the director now directly owns 446,511 shares in the company, valued at approximately $13,261,376.70. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Corporate insiders own 5.15% of the company’s stock.
Several equities research analysts have commented on UBSI shares. Zacks Investment Research upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. ValuEngine upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. BidaskClub upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, November 15th. Finally, Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a research note on Friday, October 26th. Five investment analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus price target of $40.00.
Shares of United Bankshares stock opened at $35.97 on Monday. United Bankshares, Inc. has a 12-month low of $29.13 and a 12-month high of $39.95. The company has a market cap of $3.71 billion, a PE ratio of 14.68, a P/E/G ratio of 1.79 and a beta of 1.21. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.46.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Tuesday, January 29th. The financial services provider reported $0.62 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.61 by $0.01. United Bankshares had a return on equity of 7.89% and a net margin of 30.28%. The company had revenue of $176.53 million for the quarter, compared to analysts’ expectations of $180.53 million. During the same quarter in the prior year, the business posted $0.53 EPS. As a group, equities analysts expect that United Bankshares, Inc. will post 2.51 earnings per share for the current fiscal year.
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United Bankshares Company Profile
United Bankshares, Inc, a financial holding company, 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.
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