Tranquility Partners LLC Sells 1,000 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Tranquility Partners LLC reduced its position in United Bankshares, Inc. (NASDAQ:UBSI) by 3.3% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 29,185 shares of the financial services provider’s stock after selling 1,000 shares during the quarter. Tranquility Partners LLC’s holdings in United Bankshares were worth $1,096,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of UBSI. Goldman Sachs Group Inc. lifted its position in United Bankshares by 742.3% in the second quarter. Goldman Sachs Group Inc. now owns 5,080,124 shares of the financial services provider’s stock worth $150,727,000 after purchasing an additional 4,477,011 shares during the period. State Street Corp lifted its holdings in shares of United Bankshares by 24.5% during the first quarter. State Street Corp now owns 14,156,275 shares of the financial services provider’s stock valued at $498,550,000 after acquiring an additional 2,782,694 shares during the period. Norges Bank bought a new position in shares of United Bankshares during the fourth quarter valued at $36,440,000. Vanguard Group Inc. lifted its holdings in shares of United Bankshares by 4.8% during the first quarter. Vanguard Group Inc. now owns 13,508,712 shares of the financial services provider’s stock valued at $471,184,000 after acquiring an additional 624,816 shares during the period. Finally, Vaughan Nelson Investment Management L.P. lifted its holdings in shares of United Bankshares by 103.9% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,142,091 shares of the financial services provider’s stock valued at $42,885,000 after acquiring an additional 581,870 shares during the period. 70.80% of the stock is owned by institutional investors.

United Bankshares Price Performance

Shares of NASDAQ UBSI traded up $0.10 during midday trading on Wednesday, reaching $32.57. 373,218 shares of the company traded hands, compared to its average volume of 554,968. The stock’s 50-day simple moving average is $34.36 and its 200-day simple moving average 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, Inc. has a 12 month low of $25.35 and a 12 month high of $38.74. The firm has a market cap of $4.40 billion, a PE ratio of 12.02 and a beta of 1.00.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Friday, January 26th. The financial services provider reported $0.66 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.65 by $0.01. United Bankshares had a return on equity of 8.05% and a net margin of 23.84%. The business had revenue of $402.85 million during the quarter, compared to analysts’ expectations of $258.98 million. During the same period in the previous year, the business posted $0.74 earnings per share. As a group, equities analysts anticipate that United Bankshares, Inc. will post 2.64 earnings per share for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were issued a $0.37 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.54%. United Bankshares’s dividend payout ratio is 54.61%.

Analyst Ratings Changes

Separately, Raymond James lifted their price objective on United Bankshares from $38.00 to $41.00 and gave the company an “outperform” rating in a report on Friday, January 5th.

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.