US Bancorp DE increased its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 13.2% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 23,600 shares of the financial services provider’s stock after buying an additional 2,753 shares during the period. US Bancorp DE’s holdings in United Bankshares were worth $925,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in UBSI. Tyers Asset Management LLC boosted its position in shares of United Bankshares by 14.5% in the first quarter. Tyers Asset Management LLC now owns 2,528 shares of the financial services provider’s stock valued at $107,000 after buying an additional 320 shares during the last quarter. LS Investment Advisors LLC boosted its position in shares of United Bankshares by 9.7% in the first quarter. LS Investment Advisors LLC now owns 2,766 shares of the financial services provider’s stock valued at $117,000 after buying an additional 244 shares during the last quarter. FTB Advisors Inc. boosted its position in shares of United Bankshares by 321.8% in the first quarter. FTB Advisors Inc. now owns 3,058 shares of the financial services provider’s stock valued at $121,000 after buying an additional 2,333 shares during the last quarter. Elkfork Partners LLC boosted its position in shares of United Bankshares by 14.5% in the first quarter. Elkfork Partners LLC now owns 3,476 shares of the financial services provider’s stock valued at $147,000 after buying an additional 440 shares during the last quarter. Finally, Meadow Creek Investment Management LLC boosted its position in shares of United Bankshares by 14.5% in the first quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider’s stock valued at $187,000 after buying an additional 560 shares during the last quarter. 51.86% of the stock is currently owned by institutional investors.

Shares of United Bankshares, Inc. (NASDAQ:UBSI) traded down 1.955% on Thursday, hitting $32.649. The company had a trading volume of 300,280 shares. The stock has a market capitalization of $3.43 billion, a PE ratio of 17.469 and a beta of 1.05. United Bankshares, Inc. has a 52 week low of $32.45 and a 52 week high of $49.35. The firm’s 50 day moving average price is $37.22 and its 200-day moving average price is $40.55.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.37 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.51 by $0.14. United Bankshares had a net margin of 25.20% and a return on equity of 6.42%. The firm had revenue of $176.75 million during the quarter, compared to analyst estimates of $164.09 million. During the same quarter in the previous year, the business posted $0.44 earnings per share. Analysts forecast that United Bankshares, Inc. will post $1.92 earnings per share for the current fiscal year.

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Several research analysts recently issued reports on UBSI shares. Zacks Investment Research raised United Bankshares from a “hold” rating to a “buy” rating and set a $43.00 target price on the stock in a research report on Wednesday, June 28th. BidaskClub raised United Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Boenning Scattergood raised United Bankshares from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating and four have assigned a hold rating to the company’s stock. The company presently has a consensus rating of “Hold” and a consensus price target of $42.63.

In related news, Director Michael P. Fitzgerald sold 13,100 shares of United Bankshares stock in a transaction on Friday, May 12th. The shares were sold at an average price of $38.28, for a total transaction of $501,468.00. Following the sale, the director now directly owns 245,273 shares in the company, valued at approximately $9,389,050.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Michael P. Fitzgerald sold 13,038 shares of United Bankshares stock in a transaction on Friday, June 9th. The stock was sold at an average price of $40.04, for a total transaction of $522,041.52. Following the sale, the director now owns 12,738 shares in the company, valued at $510,029.52. The disclosure for this sale can be found here. 7.50% of the stock is currently owned by company insiders.

United Bankshares Company Profile

United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.

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Institutional Ownership by Quarter for United Bankshares (NASDAQ:UBSI)

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