Tranquility Partners LLC Sells 995 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Tranquility Partners LLC trimmed its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 3.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 27,190 shares of the financial services provider’s stock after selling 995 shares during the period. Tranquility Partners LLC’s holdings in United Bankshares were worth $1,021,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Vaughan Nelson Investment Management L.P. increased its position in shares of United Bankshares by 16.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock valued at $57,805,000 after purchasing an additional 223,150 shares during the last quarter. Assenagon Asset Management S.A. bought a new position in United Bankshares in the 4th quarter worth about $7,383,000. Point72 Asset Management L.P. bought a new position in United Bankshares in the 3rd quarter worth about $6,186,000. Barclays PLC boosted its stake in United Bankshares by 89.5% in the 3rd quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock worth $10,012,000 after purchasing an additional 127,486 shares during the period. Finally, Systematic Financial Management LP boosted its stake in United Bankshares by 40.1% in the 3rd quarter. Systematic Financial Management LP now owns 391,028 shares of the financial services provider’s stock worth $14,507,000 after purchasing an additional 111,989 shares during the period. 70.80% of the stock is owned by institutional investors and hedge funds.

United Bankshares Price Performance

Shares of United Bankshares stock opened at $37.84 on Thursday. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The business’s 50 day simple moving average is $38.54 and its two-hundred day simple moving average is $38.36. The stock has a market capitalization of $5.12 billion, a P/E ratio of 13.81 and a beta of 1.02. United Bankshares, Inc. has a one year low of $30.68 and a one year high of $44.43.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, topping analysts’ consensus estimates 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 period last year, the company posted $0.59 EPS. Analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current year.

Insider Activity at United Bankshares

In related news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction that occurred 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 sale, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction that occurred on Tuesday, November 26th. The shares were 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 in the company, valued at $2,717,709.74. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.66% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on UBSI. Stephens reiterated an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a research report on Monday, January 27th. Keefe, Bruyette & Woods dropped their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, January 27th. Finally, StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th.

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.