United Bankshares, Inc. (NASDAQ:UBSI) President Richard M. Adams, Jr. bought 2,342 shares of the stock in a transaction on Monday, August 14th. The stock was purchased at an average cost of $33.25 per share, with a total value of $77,871.50. Following the completion of the purchase, the president now directly owns 51,867 shares in the company, valued at approximately $1,724,577.75. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Shares of United Bankshares, Inc. (NASDAQ:UBSI) traded up 1.20% during mid-day trading on Tuesday, hitting $33.75. 523,486 shares of the stock traded hands. United Bankshares, Inc. has a 52 week low of $31.71 and a 52 week high of $49.35. The stock has a 50-day moving average of $36.69 and a 200-day moving average of $40.26. The company has a market cap of $3.54 billion, a price-to-earnings ratio of 18.06 and a beta of 1.05.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, July 27th. The financial services provider reported $0.37 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.51 by $0.14. United Bankshares had a return on equity of 6.42% and a net margin of 25.20%. The business had revenue of $176.75 million for the quarter, compared to analyst estimates of $164.09 million. During the same quarter last year, the company earned $0.44 EPS. Analysts anticipate that United Bankshares, Inc. will post $1.92 EPS for the current year.

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Several hedge funds and other institutional investors have recently made changes to their positions in the company. FMR LLC raised its position in shares of United Bankshares by 3.0% in the fourth quarter. FMR LLC now owns 6,136 shares of the financial services provider’s stock valued at $284,000 after buying an additional 181 shares during the period. Teachers Advisors LLC raised its position in shares of United Bankshares by 3.1% in the fourth quarter. Teachers Advisors LLC now owns 125,644 shares of the financial services provider’s stock valued at $5,811,000 after buying an additional 3,807 shares during the period. Bank of Montreal Can raised its position in shares of United Bankshares by 1.6% in the first quarter. Bank of Montreal Can now owns 26,921 shares of the financial services provider’s stock valued at $1,138,000 after buying an additional 424 shares during the period. First National Bank of Omaha raised its position in shares of United Bankshares by 33.3% in the first quarter. First National Bank of Omaha now owns 28,022 shares of the financial services provider’s stock valued at $1,184,000 after buying an additional 7,000 shares during the period. Finally, Capstone Asset Management Co. raised its position in shares of United Bankshares by 4.5% in the first quarter. Capstone Asset Management Co. now owns 15,352 shares of the financial services provider’s stock valued at $649,000 after buying an additional 660 shares during the period. Institutional investors own 52.25% of the company’s stock.

Several research firms have commented on UBSI. Zacks Investment Research cut shares of United Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BidaskClub raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. Finally, Boenning Scattergood raised shares of United Bankshares from an “underperform” rating to a “neutral” rating in a research note 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. United Bankshares currently has a consensus rating of “Hold” and an average price target of $42.63.

About United Bankshares

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.

Insider Buying and Selling by Quarter for United Bankshares (NASDAQ:UBSI)

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