Stifel Financial Corp Has $1.63 Million Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Stifel Financial Corp raised its position in United Bankshares, Inc. (NASDAQ:UBSI) by 11.1% during the third quarter, according to its most recent filing with the SEC. The firm owned 43,822 shares of the financial services provider’s stock after purchasing an additional 4,381 shares during the period. Stifel Financial Corp’s holdings in United Bankshares were worth $1,626,000 as of its most recent filing with the SEC.

Other institutional investors also recently modified their holdings of the company. UMB Bank n.a. grew its stake in United Bankshares by 237.6% during the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock worth $31,000 after purchasing an additional 594 shares during the period. GAMMA Investing LLC boosted its holdings in shares of United Bankshares by 34.6% during the 3rd quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after buying an additional 534 shares in the last quarter. Innealta Capital LLC acquired a new stake in shares of United Bankshares during the 2nd quarter worth approximately $116,000. Marathon Strategic Advisors LLC bought a new stake in shares of United Bankshares in the 3rd quarter valued at $206,000. Finally, Quest Partners LLC lifted its position in shares of United Bankshares by 377.2% during the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after acquiring an additional 4,459 shares during the period. 70.80% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Separately, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $40.25.

United Bankshares Trading Up 1.4 %

Shares of United Bankshares stock opened at $38.00 on Friday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $44.43. The stock has a 50 day moving average price of $40.17 and a two-hundred day moving average price of $37.06. The stock has a market capitalization of $5.14 billion, a PE ratio of 14.39 and a beta of 1.01.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.67 by $0.03. United Bankshares had a net margin of 22.05% and a return on equity of 7.58%. The business had revenue of $414.67 million during the quarter, compared to the consensus estimate of $260.30 million. During the same quarter last year, the firm posted $0.71 EPS. As a group, equities analysts anticipate that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, January 2nd. Stockholders of record on Friday, December 13th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a dividend yield of 3.89%. The ex-dividend date of this dividend is Friday, December 13th. United Bankshares’s payout ratio is presently 56.06%.

Insider Buying and Selling

In related news, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 35,424 shares in the company, valued at approximately $1,387,203.84. This represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Peter A. Converse sold 5,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 6th. The shares were sold at an average price of $40.00, for a total value of $200,000.00. Following the completion of the transaction, the director now directly owns 434,769 shares of the company’s stock, valued at approximately $17,390,760. This represents a 1.14 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 13,500 shares of company stock worth $542,110 in the last quarter. Insiders own 3.66% of the company’s stock.

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.