Aperio Group LLC increased its position in United Bankshares, Inc. (NASDAQ:UBSI) by 203.0% during the second quarter, Holdings Channel reports. The firm owned 34,769 shares of the financial services provider’s stock after buying an additional 23,293 shares during the period. Aperio Group LLC’s holdings in United Bankshares were worth $1,363,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Tyers Asset Management LLC boosted its position 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 worth $107,000 after buying an additional 320 shares during the period. LS Investment Advisors LLC boosted its position 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 worth $117,000 after buying an additional 244 shares during the period. FTB Advisors Inc. boosted its position in 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 position in 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 position in 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 currently owned by institutional investors.

Shares of United Bankshares, Inc. (UBSI) traded down 0.93% during trading on Friday, reaching $32.05. 843,814 shares of the company traded hands. The stock has a market capitalization of $3.36 billion, a P/E ratio of 17.15 and a beta of 1.05. The firm’s 50 day moving average is $36.84 and its 200-day moving average is $40.41. United Bankshares, Inc. has a 12-month low of $31.71 and a 12-month high of $49.35.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.37 EPS for the quarter, missing the 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 the consensus estimate of $164.09 million. During the same period in the previous year, the firm earned $0.44 EPS. On average, equities research analysts anticipate that United Bankshares, Inc. will post $1.92 earnings per share for the current fiscal year.

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Several brokerages recently weighed in on UBSI. Zacks Investment Research raised shares of United Bankshares from a “hold” rating to a “buy” rating and set a $43.00 price target on the stock in a research report on Wednesday, June 28th. BidaskClub raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. Finally, Boenning Scattergood raised shares of United Bankshares from an “underperform” rating to a “neutral” rating in a research report on Thursday, May 18th. Two research analysts have rated the stock with a sell rating and four have issued a hold rating to the stock. United Bankshares currently has a consensus rating of “Hold” and a consensus price target of $42.63.

In other news, Director Michael P. Fitzgerald sold 13,038 shares of the company’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 value of $522,041.52. Following the transaction, the director now owns 12,738 shares in the company, valued at $510,029.52. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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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