Fmr LLC lowered its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 22.2% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 4,774 shares of the financial services provider’s stock after selling 1,362 shares during the period. Fmr LLC’s holdings in United Bankshares were worth $202,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in UBSI. Tyers Asset Management LLC boosted its stake in 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 period. LS Investment Advisors LLC boosted its stake 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 worth $117,000 after buying an additional 244 shares during the period. FTB Advisors Inc. boosted its stake 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 worth $121,000 after buying an additional 2,333 shares during the period. Elkfork Partners LLC boosted its stake 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 worth $147,000 after buying an additional 440 shares during the period. Finally, Meadow Creek Investment Management LLC boosted its stake 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 worth $187,000 after buying an additional 560 shares during the period. 51.86% of the stock is owned by hedge funds and other institutional investors.

United Bankshares, Inc. (NASDAQ:UBSI) opened at 33.30 on Thursday. The firm has a market cap of $3.49 billion, a P/E ratio of 17.82 and a beta of 1.05. United Bankshares, Inc. has a 52-week low of $33.05 and a 52-week high of $49.35. The stock has a 50 day moving average price of $37.22 and a 200 day moving average price of $40.55.

United Bankshares (NASDAQ:UBSI) last posted its 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 firm had revenue of $176.75 million for the quarter, compared to the consensus estimate of $164.09 million. During the same period in the prior year, the business earned $0.44 EPS. Equities analysts predict that United Bankshares, Inc. will post $1.92 earnings per share for the current fiscal year.

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Several research analysts have weighed in on UBSI shares. BidaskClub lowered United Bankshares from a “sell” rating to a “strong sell” rating in a report on Wednesday, July 19th. Zacks Investment Research lowered United Bankshares from a “buy” rating to a “hold” rating in a report on Thursday, June 29th. Finally, Boenning Scattergood upgraded United Bankshares from an “underperform” rating to a “neutral” rating in a report on Thursday, May 18th. Two equities research analysts have rated the stock with a sell rating and four have given a hold rating to the company’s stock. The company currently has an average rating of “Hold” and an average price target of $42.63.

In other news, Director Michael P. Fitzgerald sold 13,038 shares of the firm’s stock in a transaction that occurred on Friday, June 9th. The shares were sold at an average price of $40.04, for a total transaction of $522,041.52. Following the completion of the sale, the director now owns 12,738 shares in the company, valued at approximately $510,029.52. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Michael P. Fitzgerald sold 13,100 shares of the firm’s stock in a transaction that occurred on Friday, May 12th. The stock was sold at an average price of $38.28, for a total transaction of $501,468.00. Following the sale, the director now owns 245,273 shares of the company’s stock, valued at approximately $9,389,050.44. The disclosure for this sale can be found here. Company insiders own 7.50% of the company’s stock.

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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