United Bankshares (NASDAQ:UBSI) Downgraded to “Sell” Rating by StockNews.com

United Bankshares (NASDAQ:UBSIGet Free Report) was downgraded by equities researchers at StockNews.com from a “hold” rating to a “sell” rating in a research report issued to clients and investors on Monday.

Other equities research analysts also recently issued reports about the stock. Stephens reaffirmed an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a report on Monday. Keefe, Bruyette & Woods reduced their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday.

Check Out Our Latest Report on United Bankshares

United Bankshares Stock Performance

NASDAQ UBSI opened at $38.47 on Monday. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.96 and a current ratio of 0.97. The company has a market capitalization of $5.20 billion, a PE ratio of 14.57 and a beta of 1.03. United Bankshares has a 52-week low of $30.68 and a 52-week high of $44.43. The company has a 50-day simple moving average of $39.37 and a 200 day simple moving average of $38.29.

United Bankshares (NASDAQ:UBSIGet Free Report) last posted its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same period in the prior year, the business earned $0.59 EPS. On average, research analysts predict that United Bankshares will post 2.73 EPS for the current year.

Insider Activity at United Bankshares

In other news, Director J Paul Mcnamara sold 2,500 shares of the firm’s stock in a transaction dated Tuesday, November 26th. The stock was sold at an average price of $42.86, for a total value of $107,150.00. Following the transaction, the director now owns 63,409 shares of the company’s stock, valued at $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Mark R. Nesselroad sold 6,000 shares of the firm’s stock in a transaction on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the sale, the director now owns 35,424 shares in the company, valued at $1,387,203.84. The trade was a 14.48 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock worth $542,110 over the last quarter. 3.66% of the stock is owned by corporate insiders.

Institutional Trading of United Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBSI. UMB Bank n.a. raised 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 valued at $31,000 after purchasing an additional 594 shares in the last quarter. Wilmington Savings Fund Society FSB raised its position in shares of United Bankshares by 1,921.1% during the 4th 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. GAMMA Investing LLC lifted its holdings in shares of United Bankshares by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock valued at $77,000 after acquiring an additional 534 shares during the last quarter. Milestone Asset Management LLC purchased a new position in United Bankshares in the fourth quarter worth about $201,000. Finally, Marathon Strategic Advisors LLC bought a new stake in United Bankshares during the third quarter worth approximately $206,000. Institutional investors own 70.80% of the company’s stock.

About United Bankshares

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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.

Further Reading

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