Wealthcare Advisory Partners LLC Sells 9,932 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Wealthcare Advisory Partners LLC reduced its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 17.3% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,352 shares of the financial services provider’s stock after selling 9,932 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in United Bankshares were worth $1,642,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. SBI Securities Co. Ltd. bought a new position in United Bankshares during the fourth quarter worth about $26,000. Jones Financial Companies Lllp lifted its holdings in shares of United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 310 shares in the last quarter. Farther Finance Advisors LLC grew its position in shares of United Bankshares by 726.5% in the 1st quarter. Farther Finance Advisors LLC now owns 967 shares of the financial services provider’s stock valued at $33,000 after purchasing an additional 850 shares during the period. Wilmington Savings Fund Society FSB increased its stake in United Bankshares by 1,921.1% during the 4th quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock worth $54,000 after purchasing an additional 1,364 shares in the last quarter. Finally, Nomura Asset Management Co. Ltd. increased its stake in United Bankshares by 37.0% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 1,480 shares of the financial services provider’s stock worth $56,000 after purchasing an additional 400 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Down 1.6%

United Bankshares stock opened at $36.48 on Thursday. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 1-year low of $30.51 and a 1-year high of $44.43. The company has a fifty day simple moving average of $34.99 and a 200 day simple moving average of $36.69. The company has a market cap of $5.18 billion, a P/E ratio of 13.31 and a beta of 0.76.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07). The company had revenue of $289.61 million during the quarter, compared to the consensus estimate of $279.02 million. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. United Bankshares’s revenue was up 13.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.64 EPS. Research analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be paid a $0.37 dividend. The ex-dividend date of this dividend is Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 4.06%. United Bankshares’s dividend payout ratio is 55.02%.

Insiders Place Their Bets

In related news, Director Sara Dumond acquired 2,600 shares of the business’s stock in a transaction dated Monday, March 24th. The stock was bought at an average price of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now owns 5,054 shares in the company, valued at $176,940.54. This represents a 105.95% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 3.46% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the stock. Keefe, Bruyette & Woods cut their price objective on shares of United Bankshares from $42.00 to $40.00 and set a “market perform” rating on the stock in a research report on Monday, April 28th. Piper Sandler restated a “neutral” rating and issued a $38.50 price target on shares of United Bankshares in a report on Wednesday, March 12th. Finally, Wall Street Zen cut United Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, May 21st. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. According to data from MarketBeat.com, United Bankshares has an average rating of “Hold” and a consensus target price of $40.63.

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.