Foster Victor Wealth Advisors LLC Cuts Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Foster Victor Wealth Advisors LLC trimmed its stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 61.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 26,630 shares of the financial services provider's stock after selling 41,664 shares during the quarter. Foster Victor Wealth Advisors LLC's holdings in United Bankshares were worth $996,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently bought and sold shares of UBSI. Fifth Third Bancorp grew its stake in United Bankshares by 206.0% in the 4th quarter. Fifth Third Bancorp now owns 976 shares of the financial services provider's stock valued at $37,000 after buying an additional 657 shares in the last quarter. AlphaMark Advisors LLC grew its stake in United Bankshares by 8.5% in the 4th quarter. AlphaMark Advisors LLC now owns 8,740 shares of the financial services provider's stock valued at $328,000 after buying an additional 685 shares in the last quarter. Courier Capital LLC purchased a new position in United Bankshares in the 4th quarter valued at approximately $217,000. Pacer Advisors Inc. grew its stake in United Bankshares by 79.3% in the 4th quarter. Pacer Advisors Inc. now owns 20,284 shares of the financial services provider's stock valued at $762,000 after buying an additional 8,972 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. grew its stake in United Bankshares by 2.8% in the 4th quarter. Raymond James Financial Services Advisors Inc. now owns 72,000 shares of the financial services provider's stock valued at $2,704,000 after buying an additional 1,933 shares in the last quarter. 70.80% of the stock is owned by institutional investors.

United Bankshares Price Performance

NASDAQ:UBSI traded up $0.42 during trading hours on Friday, hitting $35.79. The stock had a trading volume of 577,764 shares, compared to its average volume of 602,954. The company has a 50 day simple moving average of $35.01 and a two-hundred day simple moving average of $33.11. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.98 and a quick ratio of 0.98. United Bankshares, Inc. has a one year low of $25.35 and a one year high of $38.74. The firm has a market capitalization of $4.83 billion, a price-to-earnings ratio of 13.21 and a beta of 1.00.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its quarterly earnings data on Friday, January 26th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $0.65 by $0.01. United Bankshares had a net margin of 23.84% and a return on equity of 8.05%. The company had revenue of $402.85 million during the quarter, compared to the consensus estimate of $258.98 million. During the same period in the previous year, the firm posted $0.74 EPS. Research analysts forecast that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 8th will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.14%. The ex-dividend date of this dividend is Thursday, March 7th. United Bankshares's dividend payout ratio is currently 54.61%.

Wall Street Analyst Weigh In

Separately, Raymond James lifted their price objective on shares of United Bankshares from $38.00 to $41.00 and gave the company an "outperform" rating in a research note on Friday, January 5th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $36.00.

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.