Prospera Financial Services Inc Sells 5,058 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Prospera Financial Services Inc decreased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSIGet Rating) by 36.9% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,656 shares of the financial services provider’s stock after selling 5,058 shares during the quarter. Prospera Financial Services Inc’s holdings in United Bankshares were worth $304,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in UBSI. First Horizon Advisors Inc. bought a new stake in United Bankshares during the 2nd quarter valued at about $31,000. Artemis Wealth Advisors LLC bought a new stake in shares of United Bankshares in the 2nd quarter valued at about $33,000. Exchange Traded Concepts LLC bought a new stake in shares of United Bankshares in the 1st quarter valued at about $40,000. Hazlett Burt & Watson Inc. bought a new stake in shares of United Bankshares in the 1st quarter valued at about $73,000. Finally, Steward Partners Investment Advisory LLC raised its holdings in shares of United Bankshares by 481.3% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 2,174 shares of the financial services provider’s stock valued at $76,000 after purchasing an additional 1,800 shares in the last quarter. Institutional investors own 69.61% of the company’s stock.

Analyst Ratings Changes

UBSI has been the subject of several recent research reports. StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Friday, October 28th. Janney Montgomery Scott initiated coverage on shares of United Bankshares in a report on Tuesday, September 6th. They issued a “buy” rating and a $40.00 price target for the company. Finally, DA Davidson restated a “neutral” rating on shares of United Bankshares in a report on Wednesday, July 27th.

United Bankshares Stock Down 2.1 %

Shares of United Bankshares stock opened at $42.86 on Friday. The firm’s 50 day moving average price is $38.50 and its 200-day moving average price is $37.18. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.29. United Bankshares, Inc. has a 52-week low of $33.11 and a 52-week high of $44.15. The company has a market cap of $5.77 billion, a P/E ratio of 16.30 and a beta of 1.09.

United Bankshares (NASDAQ:UBSIGet Rating) last issued its quarterly earnings data on Thursday, October 27th. The financial services provider reported $0.76 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.66 by $0.10. United Bankshares had a net margin of 33.19% and a return on equity of 7.76%. During the same period in the prior year, the company posted $0.71 EPS. On average, sell-side analysts predict that United Bankshares, Inc. will post 2.92 EPS for the current fiscal year.

United Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, October 3rd. Shareholders of record on Friday, September 9th were given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.36%. The ex-dividend date of this dividend was Thursday, September 8th. United Bankshares’s dividend payout ratio is presently 54.75%.

United Bankshares Profile

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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, NOW accounts, and interest-bearing checking accounts.

Further Reading

Institutional Ownership by Quarter for United Bankshares (NASDAQ:UBSI)

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