United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC trimmed its position in United Bankshares, Inc. (NASDAQ:UBSI) by 0.7% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 76,245 shares of the financial services provider’s stock after selling 539 shares during the quarter. United Bankshares comprises approximately 1.9% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 4th largest position. Nicholson Wealth Management Group LLC owned 0.06% of United Bankshares worth $2,863,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Wilmington Savings Fund Society FSB increased its position in United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after acquiring an additional 1,364 shares during the period. Principal Securities Inc. increased its position in United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after acquiring an additional 285 shares during the period. Milestone Asset Management LLC bought a new position in United Bankshares during the fourth quarter worth $201,000. Choreo LLC bought a new position in United Bankshares during the fourth quarter worth $206,000. Finally, Quest Partners LLC increased its position in United Bankshares by 377.2% during the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock worth $209,000 after acquiring an additional 4,459 shares during the period. 70.80% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

UBSI has been the topic of several analyst reports. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods lowered their price target on shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a report on Monday, January 27th. Finally, Stephens restated an “equal weight” rating and issued a $43.00 target price on shares of United Bankshares in a research note on Monday, January 27th.

United Bankshares Stock Down 2.6 %

Shares of NASDAQ:UBSI opened at $36.77 on Friday. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $44.43. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The company’s fifty day moving average is $38.10 and its 200-day moving average is $38.35. The company has a market capitalization of $4.97 billion, a PE ratio of 13.42 and a beta of 1.02.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 in the prior year, the firm posted $0.59 EPS. Equities research analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

Insider Activity

In other news, Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director now directly owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director J Paul Mcnamara sold 2,500 shares of the 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 completion of the sale, 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 disclosure for this sale can be found here. 3.66% of the stock is currently owned by company insiders.

United Bankshares 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.