NTV Asset Management LLC Sells 1,294 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

NTV Asset Management LLC decreased its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 1.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 128,349 shares of the financial services provider’s stock after selling 1,294 shares during the period. NTV Asset Management LLC’s holdings in United Bankshares were worth $4,820,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in UBSI. Wilmington Savings Fund Society FSB increased its stake in shares of United Bankshares by 1,921.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,364 shares in the last quarter. Principal Securities Inc. increased its stake in shares of United Bankshares by 10.1% in the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after purchasing an additional 285 shares in the last quarter. Milestone Asset Management LLC purchased a new position in shares of United Bankshares in the fourth quarter worth about $201,000. Choreo LLC purchased a new position in shares of United Bankshares in the fourth quarter worth about $206,000. Finally, Quest Partners LLC increased its stake in shares of United Bankshares by 377.2% in the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 4,459 shares in the last quarter. Institutional investors own 70.80% of the company’s stock.

Insider Buying and Selling at United Bankshares

In related news, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction on Wednesday, December 18th. The shares were 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 through this link. Also, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the sale, the director now owns 63,409 shares of the company’s stock, 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 company insiders.

United Bankshares Price Performance

Shares of NASDAQ:UBSI opened at $37.93 on Monday. The company has a 50 day moving average of $38.39 and a 200 day moving average of $38.35. The stock has a market cap of $5.13 billion, a P/E ratio of 13.84 and a beta of 1.02. United Bankshares, Inc. has a 12 month low of $30.68 and a 12 month high of $44.43. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same quarter last year, the firm earned $0.59 earnings per share. As a group, sell-side analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

UBSI has been the subject of several recent research reports. StockNews.com downgraded shares of 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 research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods reduced their price objective on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, January 27th.

United Bankshares Company Profile

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.