United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Natixis Advisors LLC

Key Points

• Natixis Advisors LLC has significantly reduced its holdings in United Bankshares by 91.8% during the 1st quarter, now owning 28,358 shares valued at $983,000.
• Analysts have updated their ratings for United Bankshares, with Keefe, Bruyette & Woods lowering their target price to $40.00 and Wall Street Zen changing its rating from "hold" to "sell."
• United Bankshares reported earnings of $0.85 per share, exceeding analysts' expectations, and it declared a quarterly dividend of $0.37 per share, representing an annual yield of 4.1%.

Natixis Advisors LLC reduced its position in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 91.8% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 28,358 shares of the financial services provider's stock after selling 319,206 shares during the quarter. Natixis Advisors LLC's holdings in United Bankshares were worth $983,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of UBSI. Cerity Partners LLC boosted its stake in shares of United Bankshares by 0.8% in the 1st quarter. Cerity Partners LLC now owns 42,211 shares of the financial services provider's stock valued at $1,463,000 after buying an additional 346 shares during the period. Amalgamated Bank grew its holdings in United Bankshares by 1.1% during the 1st quarter. Amalgamated Bank now owns 62,509 shares of the financial services provider's stock worth $2,167,000 after acquiring an additional 698 shares in the last quarter. New York State Teachers Retirement System increased its position in shares of United Bankshares by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 133,107 shares of the financial services provider's stock valued at $4,615,000 after purchasing an additional 600 shares during the last quarter. State of Alaska Department of Revenue raised its holdings in shares of United Bankshares by 8.6% in the 1st quarter. State of Alaska Department of Revenue now owns 16,719 shares of the financial services provider's stock valued at $579,000 after purchasing an additional 1,330 shares in the last quarter. Finally, Nomura Holdings Inc. purchased a new stake in shares of United Bankshares during the 4th quarter worth $671,000. 70.80% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Wall Street Zen lowered United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Keefe, Bruyette & Woods decreased their target price on United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research note on Monday, April 28th.

United Bankshares Stock Up 3.3%

Shares of NASDAQ UBSI traded up $1.20 during mid-day trading on Tuesday, reaching $37.08. The company had a trading volume of 765,372 shares, compared to its average volume of 794,405. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.10. The firm has a 50 day simple moving average of $36.47 and a two-hundred day simple moving average of $35.84. The stock has a market cap of $5.27 billion, a P/E ratio of 13.10 and a beta of 0.79. United Bankshares, Inc. has a 52-week low of $30.50 and a 52-week high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, beating analysts' consensus estimates of $0.77 by $0.08. The firm had revenue of $306.00 million for the quarter, compared to the consensus estimate of $297.98 million. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. During the same period last year, the firm posted $0.71 EPS. Sell-side analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 1st. Investors of record on Friday, June 13th were paid a dividend of $0.37 per share. The ex-dividend date was Friday, June 13th. This represents a $1.48 dividend on an annualized basis and a yield of 4.0%. United Bankshares's dividend payout ratio is currently 52.30%.

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.