Separately, Zacks Investment Research cut shares of United Bankshares from a hold rating to a sell rating in a report on Wednesday, December 26th. Four analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. United Bankshares has an average rating of Hold and a consensus price target of $39.50.
Shares of NASDAQ UBSI traded down $0.54 during mid-day trading on Friday, reaching $38.25. The company had a trading volume of 333,533 shares, compared to its average volume of 336,490. United Bankshares has a twelve month low of $29.13 and a twelve month high of $39.95. The company has a current ratio of 1.02, a quick ratio of 1.01 and a debt-to-equity ratio of 0.51. The company has a market capitalization of $3.91 billion, a PE ratio of 15.61, a price-to-earnings-growth ratio of 1.90 and a beta of 1.26.
The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 8th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, March 7th. United Bankshares’s dividend payout ratio is 55.51%.
In other United Bankshares news, President Richard M. Adams, Jr. sold 14,790 shares of the firm’s stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $37.97, for a total transaction of $561,576.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 1.62% of the stock is owned by company insiders.
Several institutional investors have recently modified their holdings of the stock. Toronto Dominion Bank bought a new position in United Bankshares in the fourth quarter valued at approximately $40,000. Rehmann Capital Advisory Group boosted its position in shares of United Bankshares by 60.3% during the fourth quarter. Rehmann Capital Advisory Group now owns 1,334 shares of the financial services provider’s stock worth $42,000 after purchasing an additional 502 shares in the last quarter. FNY Investment Advisers LLC boosted its position in shares of United Bankshares by 97.1% during the fourth quarter. FNY Investment Advisers LLC now owns 1,774 shares of the financial services provider’s stock worth $55,000 after purchasing an additional 874 shares in the last quarter. Captrust Financial Advisors boosted its position in shares of United Bankshares by 985.1% during the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock worth $131,000 after purchasing an additional 3,231 shares in the last quarter. Finally, Bessemer Group Inc. boosted its position in shares of United Bankshares by 381.0% during the fourth quarter. Bessemer Group Inc. now owns 4,021 shares of the financial services provider’s stock worth $125,000 after purchasing an additional 3,185 shares in the last quarter. 71.85% of the stock is owned by institutional investors and hedge funds.
About United Bankshares
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, and NOW accounts.
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