Wealth Enhancement Advisory Services LLC Grows Stock Position in United Bankshares, Inc. (NASDAQ:UBSI)

Wealth Enhancement Advisory Services LLC increased its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 5.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 12,202 shares of the financial services provider’s stock after acquiring an additional 621 shares during the period. Wealth Enhancement Advisory Services LLC’s holdings in United Bankshares were worth $453,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. American Century Companies Inc. grew its holdings in shares of United Bankshares by 3.6% during the 2nd quarter. American Century Companies Inc. now owns 73,340 shares of the financial services provider’s stock worth $2,379,000 after purchasing an additional 2,577 shares during the period. Envestnet Asset Management Inc. boosted its stake in United Bankshares by 3.3% during the second quarter. Envestnet Asset Management Inc. now owns 256,203 shares of the financial services provider’s stock worth $8,311,000 after buying an additional 8,174 shares during the period. Dimensional Fund Advisors LP increased its position in shares of 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 valued at $256,521,000 after acquiring an additional 142,545 shares during the last quarter. Vanguard Personalized Indexing Management LLC raised its stake in shares of United Bankshares by 4.0% in the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 12,367 shares of the financial services provider’s stock valued at $401,000 after acquiring an additional 479 shares during the period. Finally, MQS Management LLC acquired a new position in shares of United Bankshares in the 2nd quarter worth approximately $357,000. Institutional investors and hedge funds own 70.80% of the company’s stock.

Wall Street Analysts Forecast Growth

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

Insider Buying and Selling

In related news, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the transaction, the director now owns 63,409 shares in the company, valued at $2,717,709.74. The trade was a 3.79 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction that occurred 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 completion of the sale, the director now directly owns 35,424 shares in the company, valued at approximately $1,387,203.84. This represents a 14.48 % 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 three months. 3.66% of the stock is owned by corporate insiders.

United Bankshares Stock Down 0.2 %

Shares of NASDAQ:UBSI opened at $38.10 on Friday. The firm has a market capitalization of $5.15 billion, a PE ratio of 14.43 and a beta of 1.03. United Bankshares, Inc. has a 1 year low of $30.68 and a 1 year high of $44.43. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96. The firm’s 50-day moving average is $39.97 and its two-hundred day moving average is $37.87.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The firm had revenue of $414.67 million for the quarter, compared to the consensus estimate of $260.30 million. During the same period in the prior year, the firm earned $0.71 EPS. Analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a $0.37 dividend. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.88%. United Bankshares’s dividend payout ratio (DPR) is presently 56.06%.

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.