Family Asset Management LLC Sells 463 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Family Asset Management LLC decreased its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 1.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 40,220 shares of the financial services provider’s stock after selling 463 shares during the period. United Bankshares comprises 1.0% of Family Asset Management LLC’s holdings, making the stock its 22nd largest holding. Family Asset Management LLC’s holdings in United Bankshares were worth $1,510,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in UBSI. Linden Thomas Advisory Services LLC lifted its holdings in shares of United Bankshares by 1.5% in the fourth quarter. Linden Thomas Advisory Services LLC now owns 21,419 shares of the financial services provider’s stock worth $804,000 after acquiring an additional 310 shares during the last quarter. Retirement Systems of Alabama lifted its stake in United Bankshares by 0.3% in the 4th quarter. Retirement Systems of Alabama now owns 168,997 shares of the financial services provider’s stock valued at $6,346,000 after purchasing an additional 517 shares during the last quarter. Inspire Investing LLC boosted its position in United Bankshares by 4.9% in the third quarter. Inspire Investing LLC now owns 11,099 shares of the financial services provider’s stock valued at $306,000 after buying an additional 522 shares in the last quarter. Arizona State Retirement System grew its stake in shares of United Bankshares by 1.5% during the third quarter. Arizona State Retirement System now owns 38,420 shares of the financial services provider’s stock worth $1,060,000 after buying an additional 563 shares during the last quarter. Finally, Moors & Cabot Inc. grew its stake in shares of United Bankshares by 2.8% during the third quarter. Moors & Cabot Inc. now owns 22,087 shares of the financial services provider’s stock worth $609,000 after buying an additional 601 shares during the last quarter. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Trading Up 0.2 %

UBSI stock traded up $0.06 during trading on Monday, hitting $34.02. The company had a trading volume of 353,228 shares, compared to its average volume of 546,713. The stock has a market cap of $4.59 billion, a PE ratio of 12.98 and a beta of 1.01. The business has a 50-day moving average of $34.07 and a 200-day moving average of $34.28. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 0.36. United Bankshares, Inc. has a one year low of $25.35 and a one year high of $38.74.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.64 EPS for the quarter, missing analysts’ consensus estimates of $0.65 by ($0.01). United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. The firm had revenue of $401.39 million during the quarter, compared to the consensus estimate of $256.80 million. During the same period in the prior year, the company posted $0.74 earnings per share. Research analysts predict that United Bankshares, Inc. will post 2.63 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.35%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio (DPR) is presently 56.49%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the company. Keefe, Bruyette & Woods cut their price objective on United Bankshares from $40.00 to $38.00 and set a “market perform” rating on the stock in a report on Friday. Stephens cut their price target on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average price target of $37.00.

United Bankshares Company Profile

United Bankshares, Inc, through its subsidiaries, 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.