Victory Capital Management Inc. Sells 116,126 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Victory Capital Management Inc. decreased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 2.9% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,881,185 shares of the financial services provider’s stock after selling 116,126 shares during the period. Victory Capital Management Inc. owned 2.87% of United Bankshares worth $145,738,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. SBI Securities Co. Ltd. bought a new stake in shares of United Bankshares during the 4th quarter valued at about $26,000. Jones Financial Companies Lllp raised its stake in United Bankshares by 55.8% during the 4th quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock worth $33,000 after buying an additional 310 shares during the period. Wilmington Savings Fund Society FSB raised its stake in 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 worth $54,000 after buying an additional 1,364 shares during the period. Principal Securities Inc. raised its stake in United Bankshares by 10.1% during the 4th quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock worth $117,000 after buying an additional 285 shares during the period. Finally, Milestone Asset Management LLC acquired a new position in United Bankshares during the 4th quarter worth approximately $201,000. Institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of United Bankshares stock opened at $35.33 on Thursday. The company has a market cap of $4.78 billion, a PE ratio of 12.89 and a beta of 1.02. United Bankshares, Inc. has a 52 week low of $30.68 and a 52 week high of $44.43. The business has a 50 day moving average price of $37.57 and a 200-day moving average price of $38.38. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, topping the consensus estimate of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period in the prior year, the firm earned $0.59 earnings per share. 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 disclosed a quarterly dividend, which will be paid on Tuesday, April 1st. Stockholders of record on Friday, March 14th will be paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 4.19%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio (DPR) is presently 54.01%.

Analyst Ratings Changes

A number of research analysts recently weighed in on UBSI shares. Keefe, Bruyette & Woods dropped their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. StockNews.com downgraded United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Finally, Stephens reaffirmed an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a research note on Monday, January 27th.

Insider Transactions at United Bankshares

In related news, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction that occurred 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 directly owns 35,424 shares of the company’s stock, valued at approximately $1,387,203.84. This trade represents a 14.48 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 3.66% 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.