Wilmington Savings Fund Society FSB Buys 1,364 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Wilmington Savings Fund Society FSB raised its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 1,921.1% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 1,435 shares of the financial services provider’s stock after buying an additional 1,364 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in United Bankshares were worth $54,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in UBSI. Milestone Asset Management LLC purchased a new position in shares of United Bankshares in the 4th quarter worth about $201,000. Choreo LLC bought a new stake in United Bankshares during the 4th quarter valued at about $206,000. Quest Partners LLC raised its holdings in United Bankshares by 377.2% in the third quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock worth $209,000 after buying an additional 4,459 shares during the last quarter. Centiva Capital LP bought a new position in shares of United Bankshares in the third quarter worth approximately $213,000. Finally, Nisa Investment Advisors LLC grew its holdings in shares of United Bankshares by 12.0% during the fourth quarter. Nisa Investment Advisors LLC now owns 5,656 shares of the financial services provider’s stock valued at $214,000 after buying an additional 608 shares during the last quarter. 70.80% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

UBSI has been the subject of a number of recent analyst reports. StockNews.com lowered shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Monday, January 27th. Keefe, Bruyette & Woods decreased their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research note on Monday, January 27th. Finally, Stephens reaffirmed an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th.

United Bankshares Stock Up 1.1 %

Shares of United Bankshares stock opened at $38.27 on Friday. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The company’s 50 day moving average is $38.47 and its 200 day moving average is $38.36. The company has a market cap of $5.17 billion, a price-to-earnings ratio of 13.97 and a beta of 1.02.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same quarter in the previous year, the business posted $0.59 EPS. Research analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current year.

Insiders Place Their Bets

In other news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the transaction, the director now owns 35,424 shares in the company, valued at $1,387,203.84. This trade represents a 14.48 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the sale, the director now owns 63,409 shares of the company’s stock, valued at $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 own 3.66% of the company’s stock.

United Bankshares 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.