United Bankshares, Inc. (UBSI) Director Sells $1,000,350.00 in Stock

United Bankshares, Inc. (NASDAQ:UBSI) Director Michael P. Fitzgerald sold 27,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $37.05, for a total value of $1,000,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

United Bankshares, Inc. (NASDAQ UBSI) traded down $1.85 during trading hours on Monday, hitting $34.45. 1,130,000 shares of the company were exchanged, compared to its average volume of 668,350. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $3,620.00, a PE ratio of 22.08, a PEG ratio of 1.82 and a beta of 1.05. United Bankshares, Inc. has a 52 week low of $31.70 and a 52 week high of $46.35.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $187.62 million for the quarter, compared to analysts’ expectations of $182.94 million. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. During the same quarter in the previous year, the firm posted $0.51 EPS. sell-side analysts anticipate that United Bankshares, Inc. will post 2.49 EPS for the current year.

UBSI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded United Bankshares from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Thursday, December 28th. BidaskClub downgraded United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a research note on Friday, October 27th. Finally, Sandler O’Neill set a $38.00 target price on United Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.25.

Several large investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its holdings in shares of United Bankshares by 19.1% in the 2nd quarter. Advisor Group Inc. now owns 9,466 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 1,517 shares during the period. Pacer Advisors Inc. raised its holdings in shares of United Bankshares by 11.6% in the 3rd quarter. Pacer Advisors Inc. now owns 15,183 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 1,578 shares during the period. Connable Office Inc. raised its holdings in shares of United Bankshares by 31.5% in the 3rd quarter. Connable Office Inc. now owns 7,134 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 1,708 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of United Bankshares by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,712 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of United Bankshares by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 446,341 shares of the financial services provider’s stock worth $16,582,000 after purchasing an additional 1,755 shares during the period. 65.44% of the stock is currently owned by institutional investors.

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About United Bankshares

United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.

Insider Buying and Selling by Quarter for United Bankshares (NASDAQ:UBSI)

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