SG Americas Securities LLC Sells 70,994 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

SG Americas Securities LLC lowered its position in shares of United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 94.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,021 shares of the financial services provider's stock after selling 70,994 shares during the quarter. SG Americas Securities LLC's holdings in United Bankshares were worth $151,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in UBSI. Verity Asset Management Inc. boosted its stake in shares of United Bankshares by 18.2% in the 3rd quarter. Verity Asset Management Inc. now owns 22,816 shares of the financial services provider's stock valued at $629,000 after purchasing an additional 3,506 shares during the last quarter. EP Wealth Advisors LLC boosted its stake in United Bankshares by 312.2% during the 3rd quarter. EP Wealth Advisors LLC now owns 83,500 shares of the financial services provider's stock worth $2,304,000 after acquiring an additional 63,245 shares during the last quarter. Rhumbline Advisers boosted its stake in United Bankshares by 0.7% during the 3rd quarter. Rhumbline Advisers now owns 469,237 shares of the financial services provider's stock worth $12,946,000 after acquiring an additional 3,453 shares during the last quarter. Vaughan Nelson Investment Management L.P. boosted its stake in United Bankshares by 226.7% during the 3rd quarter. Vaughan Nelson Investment Management L.P. now owns 560,221 shares of the financial services provider's stock worth $15,457,000 after acquiring an additional 388,730 shares during the last quarter. Finally, Envestnet Asset Management Inc. boosted its stake in United Bankshares by 72.8% during the 3rd quarter. Envestnet Asset Management Inc. now owns 183,498 shares of the financial services provider's stock worth $5,063,000 after acquiring an additional 77,317 shares during the last quarter. Institutional investors and hedge funds own 70.80% of the company's stock.

Analysts Set New Price Targets

Separately, Raymond James lifted their price objective on shares of United Bankshares from $38.00 to $41.00 and gave the stock an "outperform" rating in a research note on Friday, January 5th.

United Bankshares Stock Up 0.3 %

UBSI traded up $0.10 during trading on Wednesday, reaching $32.57. 373,218 shares of the stock were exchanged, compared to its average volume of 554,968. The stock has a market cap of $4.40 billion, a P/E ratio of 11.98 and a beta of 1.00. United Bankshares, Inc. has a twelve month low of $25.35 and a twelve month high of $38.74. The stock's 50 day moving average price is $34.40 and its two-hundred day moving average price is $33.66. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.98 and a current ratio of 0.98.

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

United Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 8th were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.54%. The ex-dividend date was Thursday, March 7th. United Bankshares's payout ratio is presently 54.61%.

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.