Smithfield Trust Co. purchased a new stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) during the second quarter, according to its most recent filing with the SEC. The institutional investor purchased 18,555 shares of the financial services provider’s stock, valued at approximately $727,000.

A number of other large investors also recently bought and sold shares of the stock. FMR LLC increased its stake in 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 last quarter. City Holding Co. increased its stake in United Bankshares by 0.8% in the first quarter. City Holding Co. now owns 24,191 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 200 shares during the last quarter. State of Alaska Department of Revenue increased its stake in United Bankshares by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 8,980 shares of the financial services provider’s stock valued at $379,000 after buying an additional 220 shares during the last quarter. LS Investment Advisors LLC increased its stake in 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. Finally, Sigma Planning Corp increased its stake in United Bankshares by 3.5% in the first quarter. Sigma Planning Corp now owns 9,130 shares of the financial services provider’s stock valued at $386,000 after buying an additional 307 shares during the last quarter. 51.56% of the stock is owned by hedge funds and other institutional investors.

Shares of United Bankshares, Inc. (NASDAQ UBSI) opened at 34.90 on Friday. United Bankshares, Inc. has a 52-week low of $34.17 and a 52-week high of $49.35. The stock’s 50 day moving average is $38.20 and its 200 day moving average is $40.92. The company has a market capitalization of $3.66 billion, a P/E ratio of 18.67 and a beta of 1.05.

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

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UBSI has been the subject of several recent research reports. BidaskClub downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a research report on Saturday, July 8th. Boenning Scattergood raised shares of United Bankshares from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 18th. Finally, Zacks Investment Research raised shares of United Bankshares from a “hold” rating to a “buy” rating and set a $43.00 target price for the company in a research report on Wednesday, June 28th. Two research analysts have rated the stock with a sell rating and four have given a hold rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of $42.63.

In other United Bankshares news, Director Michael P. Fitzgerald sold 13,100 shares of the firm’s stock in a transaction dated Friday, May 12th. The shares were sold at an average price of $38.28, for a total transaction of $501,468.00. Following the completion of the sale, the director now directly owns 245,273 shares in the company, valued at approximately $9,389,050.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Michael P. Fitzgerald sold 13,038 shares of the firm’s stock in a transaction dated Friday, June 9th. The shares were 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 of the company’s stock, 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.

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.

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

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