Wealthcare Advisory Partners LLC Sells 9,932 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Wealthcare Advisory Partners LLC lessened its stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 17.3% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 47,352 shares of the financial services provider's stock after selling 9,932 shares during the period. Wealthcare Advisory Partners LLC's holdings in United Bankshares were worth $1,642,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in United Bankshares by 4.6% during the fourth quarter. Brighton Jones LLC now owns 16,873 shares of the financial services provider's stock valued at $634,000 after buying an additional 748 shares in the last quarter. Choreo LLC purchased a new stake in United Bankshares during the fourth quarter valued at about $206,000. Wilmington Savings Fund Society FSB lifted its stake in United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after buying an additional 1,364 shares in the last quarter. Kestra Private Wealth Services LLC purchased a new stake in United Bankshares during the fourth quarter valued at about $419,000. Finally, Rhumbline Advisers lifted its position in shares of United Bankshares by 1.3% in the fourth quarter. Rhumbline Advisers now owns 455,157 shares of the financial services provider's stock worth $17,091,000 after purchasing an additional 6,002 shares in the last quarter. Institutional investors own 70.80% of the company's stock.

Wall Street Analysts Forecast Growth

UBSI has been the subject of a number of research analyst reports. Wall Street Zen lowered shares of United Bankshares from a "hold" rating to a "sell" rating in a research report on Wednesday, May 21st. Piper Sandler reissued a "neutral" rating and issued a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. Finally, Keefe, Bruyette & Woods reduced their price target on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research report on Monday, April 28th. One analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. According to data from MarketBeat, United Bankshares presently has a consensus rating of "Hold" and a consensus price target of $40.63.

United Bankshares Stock Down 3.0%

UBSI traded down $1.10 during midday trading on Friday, hitting $35.23. 551,101 shares of the company's stock traded hands, compared to its average volume of 635,026. The company has a market cap of $5.00 billion, a PE ratio of 12.86 and a beta of 0.76. The stock's fifty day simple moving average is $35.16 and its 200-day simple moving average is $36.51. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. United Bankshares, Inc. has a one year low of $30.51 and a one year high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The financial services provider reported $0.59 earnings per share for the quarter, missing the consensus estimate of $0.66 by ($0.07). The business had revenue of $289.61 million for the quarter, compared to the consensus estimate of $279.02 million. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. United Bankshares's revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the business posted $0.64 EPS. As a group, equities analysts anticipate that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 1st. Shareholders of record on Friday, June 13th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, June 13th. This represents a $1.48 annualized dividend and a yield of 4.20%. United Bankshares's dividend payout ratio (DPR) is presently 55.02%.

Insider Buying and Selling at United Bankshares

In related news, Director Sara Dumond purchased 2,600 shares of the stock in a transaction on Monday, March 24th. The shares were bought at an average price of $35.01 per share, for a total transaction of $91,026.00. Following the completion of the acquisition, the director now directly owns 5,054 shares in the company, valued at approximately $176,940.54. This trade represents a 105.95% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 3.46% of the company's stock.

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.