Northstar Asset Management LLC boosted its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 69.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 17,258 shares of the financial services provider’s stock after buying an additional 7,100 shares during the period. Northstar Asset Management LLC’s holdings in United Bankshares were worth $677,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in UBSI. Tyers Asset Management LLC raised its stake in United Bankshares by 14.5% in the first quarter. Tyers Asset Management LLC now owns 2,528 shares of the financial services provider’s stock worth $107,000 after buying an additional 320 shares during the last quarter. LS Investment Advisors LLC raised its stake in United Bankshares by 9.7% in the first quarter. LS Investment Advisors LLC now owns 2,766 shares of the financial services provider’s stock worth $117,000 after buying an additional 244 shares during the last quarter. FTB Advisors Inc. raised its stake in United Bankshares by 321.8% in the first quarter. FTB Advisors Inc. now owns 3,058 shares of the financial services provider’s stock worth $121,000 after buying an additional 2,333 shares during the last quarter. Elkfork Partners LLC raised its stake in United Bankshares by 14.5% in the first quarter. Elkfork Partners LLC now owns 3,476 shares of the financial services provider’s stock worth $147,000 after buying an additional 440 shares during the last quarter. Finally, Meadow Creek Investment Management LLC raised its stake in United Bankshares by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider’s stock worth $187,000 after buying an additional 560 shares during the last quarter. 52.25% of the stock is owned by institutional investors and hedge funds.

Shares of United Bankshares, Inc. (NASDAQ:UBSI) traded down 1.21% on Friday, reaching $32.75. 1,147,827 shares of the company’s stock traded hands. United Bankshares, Inc. has a 52 week low of $31.71 and a 52 week high of $49.35. The firm has a market capitalization of $3.44 billion, a P/E ratio of 17.52 and a beta of 1.05. The company’s 50-day moving average is $35.97 and its 200-day moving average is $39.99.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, July 27th. The financial services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.14. The company had revenue of $176.75 million for the quarter, compared to analyst estimates of $164.09 million. United Bankshares had a net margin of 25.20% and a return on equity of 6.42%. During the same quarter in the previous year, the company earned $0.44 earnings per share. Equities research analysts anticipate that United Bankshares, Inc. will post $1.92 earnings per share for the current fiscal year.

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A number of equities research analysts recently weighed in on the stock. Zacks Investment Research lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. BidaskClub raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Boenning Scattergood raised shares of United Bankshares from an “underperform” rating to a “neutral” rating in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating and four have issued a hold rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $42.63.

In other United Bankshares news, insider William Mark Tatterson purchased 1,000 shares of the stock in a transaction on Monday, August 14th. The shares were purchased at an average price of $32.30 per share, with a total value of $32,300.00. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Michael P. Fitzgerald sold 13,038 shares of the business’s stock in a transaction on Friday, June 9th. The shares were sold at an average price of $40.04, for a total transaction of $522,041.52. Following the completion of the sale, the director now directly owns 12,738 shares in the company, valued at approximately $510,029.52. The disclosure for this sale can be found here. Over the last quarter, insiders have purchased 13,747 shares of company stock valued at $460,281. Corporate insiders own 7.50% of the company’s stock.

United Bankshares Company Profile

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.

Institutional Ownership by Quarter for United Bankshares (NASDAQ:UBSI)

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