12,488 Shares in United Bankshares, Inc. (NASDAQ:UBSI) Acquired by Kestra Investment Management LLC

Kestra Investment Management LLC bought a new stake in United Bankshares, Inc. (NASDAQ:UBSI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 12,488 shares of the financial services provider’s stock, valued at approximately $469,000.

A number of other large investors also recently added to or reduced their stakes in UBSI. Jane Street Group LLC grew its stake in shares of United Bankshares by 27.2% in the third quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock valued at $5,991,000 after buying an additional 34,526 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in United Bankshares by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock valued at $62,070,000 after acquiring an additional 83,503 shares during the period. BNP Paribas Financial Markets grew its position in United Bankshares by 73.1% in the 3rd quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider’s stock valued at $1,890,000 after acquiring an additional 21,520 shares in the last quarter. Daiwa Securities Group Inc. increased its stake in United Bankshares by 3.6% during the third quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock worth $457,000 after purchasing an additional 427 shares during the period. Finally, JPMorgan Chase & Co. increased its stake in United Bankshares by 9.8% during the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock worth $22,068,000 after purchasing an additional 52,949 shares during the period. 70.80% of the stock is currently owned by institutional investors and hedge funds.

United Bankshares Stock Down 1.1 %

UBSI stock opened at $37.75 on Thursday. United Bankshares, Inc. has a fifty-two week low of $30.68 and a fifty-two week high of $44.43. The company’s 50 day moving average price is $38.19 and its 200 day moving average price is $38.36. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.98 and a current ratio of 0.98. The firm has a market capitalization of $5.10 billion, a price-to-earnings ratio of 13.78 and a beta of 1.02.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same period last year, the business posted $0.59 EPS. On average, equities research analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Wall Street Analyst Weigh In

UBSI has been the subject of a number of research reports. StockNews.com cut 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 shares of United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report 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.

Insiders Place Their Bets

In other United Bankshares news, 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 value of $234,960.00. Following the transaction, the director now directly owns 35,424 shares in the company, valued at $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total transaction of $107,150.00. Following the sale, the director now owns 63,409 shares of the company’s stock, valued at $2,717,709.74. This represents a 3.79 % decrease in their position. The disclosure for this sale can be found here. 3.66% of the stock is owned by company insiders.

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.