United Bankshares, Inc. (NASDAQ:UBSI) Shares Sold by Nicholson Wealth Management Group LLC

Nicholson Wealth Management Group LLC decreased its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 0.7% in the 4th quarter, HoldingsChannel reports. The firm owned 76,245 shares of the financial services provider’s stock after selling 539 shares during the period. United Bankshares makes up approximately 1.9% of Nicholson Wealth Management Group LLC’s holdings, making the stock its 4th largest holding. Nicholson Wealth Management Group LLC’s holdings in United Bankshares were worth $2,863,000 at the end of the most recent reporting period.

Several other hedge funds have also added to or reduced their stakes in UBSI. Jane Street Group LLC increased its position in United Bankshares by 27.2% during the 3rd quarter. Jane Street Group LLC now owns 161,489 shares of the financial services provider’s stock worth $5,991,000 after buying an additional 34,526 shares during the period. Charles Schwab Investment Management Inc. increased its position in United Bankshares by 5.3% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 1,673,056 shares of the financial services provider’s stock worth $62,070,000 after buying an additional 83,503 shares during the period. BNP Paribas Financial Markets increased its position in United Bankshares by 73.1% during the 3rd quarter. BNP Paribas Financial Markets now owns 50,953 shares of the financial services provider’s stock worth $1,890,000 after buying an additional 21,520 shares during the period. Daiwa Securities Group Inc. increased its position in United Bankshares by 3.6% during the 3rd quarter. Daiwa Securities Group Inc. now owns 12,328 shares of the financial services provider’s stock worth $457,000 after buying an additional 427 shares during the period. Finally, JPMorgan Chase & Co. increased its position in shares of United Bankshares by 9.8% in the third quarter. JPMorgan Chase & Co. now owns 594,819 shares of the financial services provider’s stock worth $22,068,000 after purchasing an additional 52,949 shares during the period. Institutional investors and hedge funds own 70.80% of the company’s stock.

Insider Buying and Selling

In other United Bankshares news, Director Mark R. Nesselroad sold 6,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 18th. The stock was 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 sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director J Paul Mcnamara sold 2,500 shares of the business’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the transaction, the director now directly owns 63,409 shares in the company, valued at approximately $2,717,709.74. This trade represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.66% of the stock is owned by insiders.

United Bankshares Stock Performance

United Bankshares stock opened at $36.77 on Friday. United Bankshares, Inc. has a 12-month low of $30.68 and a 12-month high of $44.43. 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’s 50-day moving average price is $38.10 and its two-hundred day moving average price is $38.35. The stock has a market cap of $4.97 billion, a PE ratio of 13.42 and a beta of 1.02.

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 business earned $0.59 EPS. As a group, analysts expect that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Keefe, Bruyette & Woods decreased their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research report on Monday, January 27th. Stephens restated an “equal weight” rating and issued a $43.00 price target on shares of United Bankshares 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 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.