Sullivan Bruyette Speros & Blaney LLC held its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the second quarter, according to its most recent disclosure with the SEC. The firm owned 46,416 shares of the financial services provider’s stock at the end of the second quarter. Sullivan Bruyette Speros & Blaney LLC’s holdings in United Bankshares were worth $1,819,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of UBSI. State of Alaska Department of Revenue raised its stake in shares of United Bankshares by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 8,980 shares of the financial services provider’s stock worth $379,000 after buying an additional 220 shares in the last quarter. LS Investment Advisors LLC raised its stake in shares of 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 in the last quarter. TD Asset Management Inc. raised its stake in shares of United Bankshares by 1.4% in the second quarter. TD Asset Management Inc. now owns 21,635 shares of the financial services provider’s stock worth $848,000 after buying an additional 300 shares in the last quarter. Baird Financial Group Inc. raised its stake in shares of United Bankshares by 4.4% in the first quarter. Baird Financial Group Inc. now owns 7,500 shares of the financial services provider’s stock worth $317,000 after buying an additional 319 shares in the last quarter. Finally, Tyers Asset Management LLC raised its stake in shares of 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 in the last quarter. Hedge funds and other institutional investors own 62.25% of the company’s stock.

United Bankshares, Inc. (NASDAQ:UBSI) opened at 33.70 on Wednesday. The stock has a market cap of $3.54 billion, a PE ratio of 18.03 and a beta of 1.05. United Bankshares, Inc. has a 1-year low of $31.71 and a 1-year high of $49.35. The stock has a 50 day moving average price of $35.24 and a 200-day moving average price of $39.61.

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

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 2nd. Shareholders of record on Friday, September 8th will be paid a $0.33 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.32 annualized dividend and a yield of 3.92%. United Bankshares’s dividend payout ratio is presently 69.47%.

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A number of research firms have recently commented on UBSI. Zacks Investment Research cut United Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Boenning Scattergood upgraded United Bankshares from an “underperform” rating to a “neutral” rating in a research note on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company. The stock presently has an average rating of “Hold” and an average target price of $42.63.

In related news, President Richard M. Adams, Jr. acquired 2,342 shares of the firm’s stock in a transaction on Monday, August 14th. The stock was bought at an average price of $33.25 per share, for a total transaction of $77,871.50. Following the completion of the purchase, the president now directly owns 51,867 shares of the company’s stock, valued at approximately $1,724,577.75. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael P. Fitzgerald sold 13,038 shares of the company’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 transaction, the director now owns 12,738 shares of the company’s stock, valued at approximately $510,029.52. The disclosure for this sale can be found here. Insiders acquired 13,747 shares of company stock valued at $460,281 in the last 90 days. 6.23% of the stock is currently owned by insiders.

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.

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

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