Brighton Jones LLC Grows Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Brighton Jones LLC increased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 4.6% in the fourth quarter, HoldingsChannel.com reports. The firm owned 16,873 shares of the financial services provider’s stock after buying an additional 748 shares during the period. Brighton Jones LLC’s holdings in United Bankshares were worth $634,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the stock. UMB Bank n.a. boosted its position in shares of United Bankshares by 237.6% during the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after buying an additional 594 shares during the period. GAMMA Investing LLC grew its position in United Bankshares by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 534 shares in the last quarter. Marathon Strategic Advisors LLC purchased a new stake in United Bankshares during the third quarter worth about $206,000. Quest Partners LLC lifted its position in shares of United Bankshares by 377.2% during the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock worth $209,000 after purchasing an additional 4,459 shares in the last quarter. Finally, Nisa Investment Advisors LLC boosted its stake in shares of United Bankshares by 12.0% in the fourth quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider’s stock valued at $214,000 after purchasing an additional 608 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of United Bankshares stock opened at $38.40 on Friday. The business has a 50-day simple moving average of $39.50 and a 200-day simple moving average of $38.18. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. United Bankshares, Inc. has a one year low of $30.68 and a one year high of $44.43. The company has a market cap of $5.19 billion, a PE ratio of 14.55 and a beta of 1.03.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. During the same quarter in the previous year, the firm posted $0.59 earnings per share. On average, equities research analysts forecast that United Bankshares, Inc. will post 2.73 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Friday, December 13th. United Bankshares’s dividend payout ratio is presently 56.06%.

Insiders Place Their Bets

In related news, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the transaction, the director now directly owns 35,424 shares of the company’s stock, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the sale, the director now directly owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 13,500 shares of company stock valued at $542,110 in the last ninety days. Insiders own 3.66% of the company’s stock.

Analysts Set New Price Targets

Separately, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

About United Bankshares

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.