NORTHSTAR ASSET MANAGEMENT Co LLC Sells 4,000 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

NORTHSTAR ASSET MANAGEMENT Co LLC cut its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 28.4% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 10,068 shares of the financial services provider’s stock after selling 4,000 shares during the quarter. NORTHSTAR ASSET MANAGEMENT Co LLC’s holdings in United Bankshares were worth $378,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in UBSI. Vaughan Nelson Investment Management L.P. boosted its stake in shares of United Bankshares by 16.7% in the third quarter. Vaughan Nelson Investment Management L.P. now owns 1,558,081 shares of the financial services provider’s stock worth $57,805,000 after acquiring an additional 223,150 shares during the period. Assenagon Asset Management S.A. bought a new position in United Bankshares in the 4th quarter worth approximately $7,383,000. Point72 Asset Management L.P. purchased a new stake in United Bankshares during the 3rd quarter valued at approximately $6,186,000. Barclays PLC raised its position in shares of United Bankshares by 89.5% during the third quarter. Barclays PLC now owns 269,852 shares of the financial services provider’s stock valued at $10,012,000 after buying an additional 127,486 shares during the last quarter. Finally, Systematic Financial Management LP raised its position in shares of United Bankshares by 40.1% during the third quarter. Systematic Financial Management LP now owns 391,028 shares of the financial services provider’s stock valued at $14,507,000 after buying an additional 111,989 shares during the last quarter. 70.80% of the stock is owned by hedge funds and other institutional investors.

United Bankshares Stock Performance

United Bankshares stock opened at $38.60 on Monday. The company’s 50-day moving average price is $38.74 and its 200-day moving average price is $38.37. 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 has a market cap of $5.22 billion, a PE ratio of 14.09 and a beta of 1.02. United Bankshares, Inc. has a twelve month low of $30.68 and a twelve month high of $44.43.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 prior year, the firm earned $0.59 EPS. On average, equities research analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. StockNews.com cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods decreased their target price on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th. Finally, Stephens restated an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a report on Monday, January 27th.

Insiders Place Their Bets

In related news, Director J Paul Mcnamara sold 2,500 shares of United Bankshares stock in a transaction dated Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the sale, the director now owns 63,409 shares in the company, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The stock was sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of the transaction, the director now 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 disclosure for this sale can be found here. 3.66% of the stock is owned by insiders.

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.