Tranquility Partners LLC Decreases Stake in United Bankshares, Inc. (NASDAQ:UBSI)

Tranquility Partners LLC lessened its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 3.5% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 27,190 shares of the financial services provider’s stock after selling 995 shares during the quarter. Tranquility Partners LLC’s holdings in United Bankshares were worth $1,021,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the company. Kestra Private Wealth Services LLC purchased a new stake in United Bankshares during the fourth quarter valued at $419,000. Vaughan Nelson Investment Management L.P. increased its position in United Bankshares by 3.5% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,612,170 shares of the financial services provider’s stock valued at $60,538,000 after acquiring an additional 54,089 shares during the last quarter. Wilmington Savings Fund Society FSB increased its position in United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock valued at $54,000 after acquiring an additional 1,364 shares during the last quarter. Choreo LLC purchased a new stake in United Bankshares during the fourth quarter valued at $206,000. Finally, Alpha Omega Wealth Management LLC purchased a new stake in United Bankshares during the fourth quarter valued at $250,000. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Insider Activity at United Bankshares

In related news, Director J Paul Mcnamara sold 2,500 shares of the stock in a transaction that occurred on 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Mark R. Nesselroad sold 6,000 shares of the stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total value of $234,960.00. Following the transaction, the director now directly owns 35,424 shares of the company’s stock, valued at approximately $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. 3.66% of the stock is owned by corporate insiders.

United Bankshares Stock Performance

Shares of UBSI opened at $37.84 on Thursday. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.11. The business has a 50-day simple moving average of $38.54 and a two-hundred day simple moving average of $38.36. The stock has a market cap of $5.12 billion, a price-to-earnings ratio of 13.81 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.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating analysts’ consensus estimates 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 quarter last year, the firm earned $0.59 earnings per share. On average, analysts expect that United Bankshares, Inc. will post 2.81 EPS for the current year.

Analyst Upgrades and Downgrades

A number of research firms recently commented on UBSI. Stephens reiterated an “equal weight” rating and set a $43.00 price objective on shares of United Bankshares in a research report on Monday, January 27th. 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, January 27th. Finally, StockNews.com cut United Bankshares from a “hold” rating to a “sell” rating in a research report on Monday, January 27th.

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.