Graves Light Lenhart Wealth Inc. Sells 443 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Graves Light Lenhart Wealth Inc. cut its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 6.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 6,257 shares of the financial services provider’s stock after selling 443 shares during the period. Graves Light Lenhart Wealth Inc.’s holdings in United Bankshares were worth $235,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in UBSI. UMB Bank n.a. lifted its stake in shares of United Bankshares by 237.6% in the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock valued at $31,000 after buying an additional 594 shares during the period. GAMMA Investing LLC raised its holdings in 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 in the last quarter. Marathon Strategic Advisors LLC bought a new stake in shares of United Bankshares in the 3rd quarter worth approximately $206,000. Quest Partners LLC grew its holdings 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 worth $209,000 after purchasing an additional 4,459 shares in the last quarter. Finally, Centiva Capital LP bought a new stake in shares of United Bankshares during the third quarter valued at approximately $213,000. 70.80% of the stock is currently owned by institutional investors.

United Bankshares Stock Up 1.6 %

NASDAQ UBSI opened at $36.30 on Tuesday. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43. The company has a current ratio of 0.97, a quick ratio of 0.96 and a debt-to-equity ratio of 0.11. The stock’s 50 day moving average is $40.14 and its two-hundred day moving average is $37.80. The company has a market capitalization of $4.91 billion, a price-to-earnings ratio of 13.75 and a beta of 1.03.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The firm had revenue of $414.67 million for the quarter, compared to analysts’ expectations of $260.30 million. 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 posted $0.71 earnings per share. Equities analysts forecast that United Bankshares, Inc. will post 2.73 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, January 2nd. Investors of record on Friday, December 13th were issued a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.08%. The ex-dividend date was Friday, December 13th. United Bankshares’s dividend payout ratio is currently 56.06%.

Insider Buying and Selling at United Bankshares

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

Wall Street Analysts Forecast Growth

Separately, StockNews.com upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Wednesday, November 13th.

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.