Insider Selling: United Bankshares, Inc. (NASDAQ:UBSI) Director Sells $107,150.00 in Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of 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 sale was disclosed in a legal filing with the SEC, which is accessible through this link.

United Bankshares Trading Down 0.5 %

NASDAQ:UBSI opened at $42.27 on Friday. The company has a fifty day moving average of $38.86 and a 200 day moving average of $36.27. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week 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 firm has a market capitalization of $5.72 billion, a P/E ratio of 16.01 and a beta of 0.98.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, beating 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 analyst estimates of $260.30 million. During the same period in the prior year, the business posted $0.71 EPS. On average, research analysts predict that United Bankshares, Inc. will post 2.73 earnings per share for the current year.

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th will be given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.50%. The ex-dividend date is Friday, December 13th. United Bankshares’s payout ratio is currently 56.06%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in UBSI. UMB Bank n.a. raised its holdings in United Bankshares by 237.6% in the 3rd quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 594 shares in the last quarter. GAMMA Investing LLC raised its holdings in United Bankshares by 253.5% in the 2nd 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 in the last quarter. New Covenant Trust Company N.A. bought a new position in United Bankshares in the 1st quarter worth $79,000. Innealta Capital LLC bought a new position in United Bankshares in the 2nd quarter worth $116,000. Finally, Marathon Strategic Advisors LLC bought a new position in United Bankshares in the 3rd quarter worth $206,000. 70.80% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded 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.com, the company has an average rating of “Hold” and a consensus target price 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.