United Bankshares Inc. (NASDAQ:UBSI) Director Peter A. Converse sold 21,000 shares of the business’s stock in a transaction on Tuesday, November 15th. The shares were sold at an average price of $44.92, for a total transaction of $943,320.00. Following the completion of the transaction, the director now owns 598,882 shares in the company, valued at approximately $26,901,779.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of United Bankshares Inc. (NASDAQ:UBSI) traded down 0.22% during trading on Thursday, hitting $44.60. 280,111 shares of the stock traded hands. The firm has a market cap of $3409.89 billion, a price-to-earnings ratio of 22.76 and a beta of 0.89. United Bankshares Inc. has a 12 month low of $32.22 and a 12 month high of $46.25. The company has a 50 day moving average price of $38.47 and a 200 day moving average price of $38.28.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, October 27th. The financial services provider reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. United Bankshares had a net margin of 27.02% and a return on equity of 7.55%. During the same period in the prior year, the firm earned $0.50 earnings per share. Analysts anticipate that United Bankshares Inc. will post $1.99 earnings per share for the current fiscal year.

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

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 3rd. Shareholders of record on Friday, December 9th will be given a $0.33 dividend. This represents a $1.32 dividend on an annualized basis and a dividend yield of 2.95%. The ex-dividend date is Wednesday, December 7th. United Bankshares’s payout ratio is 67.35%.

Institutional investors have recently added to or reduced their stakes in the stock. Great West Life Assurance Co. Can boosted its position in United Bankshares by 10.5% in the third quarter. Great West Life Assurance Co. Can now owns 91,897 shares of the financial services provider’s stock worth $3,460,000 after buying an additional 8,700 shares during the last quarter. Capstone Asset Management Co. boosted its position in United Bankshares by 3.4% in the second quarter. Capstone Asset Management Co. now owns 19,272 shares of the financial services provider’s stock worth $723,000 after buying an additional 630 shares during the last quarter. Brown Advisory Inc. boosted its position in United Bankshares by 134.7% in the second quarter. Brown Advisory Inc. now owns 17,217 shares of the financial services provider’s stock worth $646,000 after buying an additional 9,880 shares during the last quarter. Victory Capital Management Inc. boosted its position in United Bankshares by 77.3% in the second quarter. Victory Capital Management Inc. now owns 2,962 shares of the financial services provider’s stock worth $111,000 after buying an additional 1,291 shares during the last quarter. Finally, Cambridge Investment Research Advisors Inc. boosted its position in United Bankshares by 6.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 6,043 shares of the financial services provider’s stock worth $227,000 after buying an additional 379 shares during the last quarter. Hedge funds and other institutional investors own 53.92% of the company’s stock.

UBSI has been the topic of several research reports. Zacks Investment Research lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 2nd. Keefe, Bruyette & Woods upped their price objective on shares of United Bankshares from $36.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, August 22nd. Finally, Boenning Scattergood reiterated an “underperform” rating on shares of United Bankshares in a report on Thursday.

About United Bankshares

United Bankshares, Inc (United) is a bank holding company. The Company has approximately two banking subsidiaries (the Banking Subsidiaries) doing business under the name of United Bank, one operating under the laws of West Virginia referred to as United Bank (WV) and the other operating under the laws of Virginia referred to as United Bank (VA).

5 Day Chart for NASDAQ:UBSI

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