United Bankshares Inc. (NASDAQ:UBSI) Director Michael P. Fitzgerald sold 79,586 shares of the stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $45.06, for a total transaction of $3,586,145.16. Following the completion of the sale, the director now owns 272,067 shares in the company, valued at $12,259,339.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website.

Shares of United Bankshares Inc. (NASDAQ:UBSI) opened at 44.70 on Friday. The stock’s 50 day moving average is $38.67 and its 200 day moving average is $38.32. United Bankshares Inc. has a 12 month low of $32.22 and a 12 month high of $46.25. The company has a market cap of $3.42 billion, a P/E ratio of 22.81 and a beta of 0.89.

United Bankshares (NASDAQ:UBSI) last posted its earnings results on Thursday, October 27th. The financial services provider reported $0.54 earnings per share for the quarter, topping the Zacks’ 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 quarter last year, the business posted $0.50 EPS. On average, analysts anticipate that United Bankshares Inc. will post $1.99 EPS for the current fiscal year.

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

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

A number of large investors have recently bought and sold shares of the company. JPMorgan Chase & Co. raised its stake in United Bankshares by 6.5% in the first quarter. JPMorgan Chase & Co. now owns 28,242 shares of the financial services provider’s stock worth $1,036,000 after buying an additional 1,724 shares during the last quarter. Geode Capital Management LLC raised its stake in United Bankshares by 6.5% in the first quarter. Geode Capital Management LLC now owns 462,348 shares of the financial services provider’s stock worth $16,968,000 after buying an additional 28,079 shares during the last quarter. Silvercrest Asset Management Group LLC raised its stake in United Bankshares by 31.2% in the first quarter. Silvercrest Asset Management Group LLC now owns 20,834 shares of the financial services provider’s stock worth $765,000 after buying an additional 4,956 shares during the last quarter. BNP Paribas Arbitrage SA raised its stake in United Bankshares by 81.1% in the second quarter. BNP Paribas Arbitrage SA now owns 27,149 shares of the financial services provider’s stock worth $1,018,000 after buying an additional 12,160 shares during the last quarter. Finally, Creative Planning raised its stake in United Bankshares by 1,572.1% in the second quarter. Creative Planning now owns 21,737 shares of the financial services provider’s stock worth $815,000 after buying an additional 20,437 shares during the last quarter. 53.92% of the stock is currently owned by hedge funds and other institutional investors.

Several brokerages have recently issued reports on UBSI. Zacks Investment Research raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, November 2nd. Boenning Scattergood reissued an “underperform” rating on shares of United Bankshares in a research report on Thursday. Finally, Keefe, Bruyette & Woods increased their price objective on shares of United Bankshares from $36.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, August 22nd.

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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