United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Brighton Jones LLC

Brighton Jones LLC lowered its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 3.0% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 16,125 shares of the financial services provider’s stock after selling 504 shares during the quarter. Brighton Jones LLC’s holdings in United Bankshares were worth $598,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its stake in United Bankshares by 1.8% during the second quarter. Dimensional Fund Advisors LP now owns 7,907,665 shares of the financial services provider’s stock worth $256,521,000 after acquiring an additional 142,545 shares during the last quarter. Earnest Partners LLC raised its holdings in United Bankshares by 1.8% in the second quarter. Earnest Partners LLC now owns 4,253,797 shares of the financial services provider’s stock valued at $137,993,000 after buying an additional 74,638 shares during the period. Victory Capital Management Inc. lifted its position in United Bankshares by 1.4% during the second quarter. Victory Capital Management Inc. now owns 3,982,478 shares of the financial services provider’s stock valued at $129,192,000 after buying an additional 55,633 shares in the last quarter. ProShare Advisors LLC grew its stake in United Bankshares by 110.4% during the second quarter. ProShare Advisors LLC now owns 2,206,434 shares of the financial services provider’s stock worth $71,577,000 after buying an additional 1,157,579 shares during the period. Finally, Vaughan Nelson Investment Management L.P. increased its position in shares of United Bankshares by 1.8% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 1,334,931 shares of the financial services provider’s stock worth $43,305,000 after acquiring an additional 23,640 shares in the last quarter. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a research report on Friday. Stephens boosted their price target on United Bankshares from $36.00 to $39.00 and gave the stock an “equal weight” rating in a research report on Friday, July 26th. DA Davidson upped their price target on United Bankshares from $36.00 to $41.00 and gave the stock a “neutral” rating in a report on Friday, July 26th. Finally, Keefe, Bruyette & Woods lifted their price objective on shares of United Bankshares from $38.00 to $40.00 and gave the company a “market perform” rating in a research note on Friday, July 26th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has given a buy rating to the company. According to MarketBeat.com, United Bankshares has a consensus rating of “Hold” and a consensus price target of $40.25.

United Bankshares Price Performance

UBSI opened at $37.09 on Friday. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.31. The company’s 50-day moving average price is $37.20 and its 200 day moving average price is $35.04. United Bankshares, Inc. has a fifty-two week low of $27.21 and a fifty-two week high of $39.93. The firm has a market cap of $5.01 billion, a price-to-earnings ratio of 14.16 and a beta of 0.99.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 EPS for the quarter, topping the consensus estimate of $0.67 by $0.03. United Bankshares had a net margin of 22.44% and a return on equity of 7.72%. The business had revenue of $414.67 million during the quarter, compared to analyst estimates of $260.30 million. During the same quarter in the prior year, the firm earned $0.71 earnings per share. As a group, sell-side analysts expect that United Bankshares, Inc. will post 2.7 earnings per share for the current year.

United Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, October 1st. Investors of record on Friday, September 13th were issued a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, September 13th. This represents a $1.48 annualized dividend and a yield of 3.99%. United Bankshares’s payout ratio is 56.49%.

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.