United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC lessened its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 94.6% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 4,021 shares of the financial services provider’s stock after selling 70,994 shares during the period. SG Americas Securities LLC’s holdings in United Bankshares were worth $151,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. US Bancorp DE raised its stake in shares of United Bankshares by 2.5% during the first quarter. US Bancorp DE now owns 22,234 shares of the financial services provider’s stock worth $774,000 after purchasing an additional 541 shares during the last quarter. Cetera Advisor Networks LLC increased its stake in United Bankshares by 41.6% in the 1st quarter. Cetera Advisor Networks LLC now owns 10,429 shares of the financial services provider’s stock valued at $364,000 after buying an additional 3,062 shares during the period. Bank of Montreal Can raised its position in United Bankshares by 1.0% during the 1st quarter. Bank of Montreal Can now owns 36,804 shares of the financial services provider’s stock worth $1,303,000 after buying an additional 356 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS lifted its stake in shares of United Bankshares by 10.6% in the 1st quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 49,987 shares of the financial services provider’s stock worth $1,744,000 after acquiring an additional 4,788 shares during the period. Finally, BlackRock Inc. boosted its holdings in shares of United Bankshares by 2.7% in the first quarter. BlackRock Inc. now owns 18,874,678 shares of the financial services provider’s stock valued at $658,348,000 after acquiring an additional 495,652 shares in the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James lifted their price objective on United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 5th.

United Bankshares Price Performance

United Bankshares stock opened at $32.47 on Wednesday. The company has a market cap of $4.38 billion, a P/E ratio of 11.98 and a beta of 1.00. United Bankshares, Inc. has a one year low of $25.35 and a one year high of $38.74. The business has a fifty day moving average of $34.40 and a two-hundred day moving average of $33.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.66 EPS for the quarter, beating the consensus estimate of $0.65 by $0.01. United Bankshares had a net margin of 23.84% and a return on equity of 8.05%. The firm had revenue of $402.85 million during the quarter, compared to analysts’ expectations of $258.98 million. During the same quarter last year, the business earned $0.74 earnings per share. As a group, analysts predict that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 4.56%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio (DPR) is 54.61%.

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.