United Bankshares (NASDAQ:UBSI) Stock Price Crosses Above 200-Day Moving Average – Should You Sell?

United Bankshares, Inc. (NASDAQ:UBSI) passed above its two hundred day moving average during trading on Monday . The stock has a two hundred day moving average of $37.65 and traded as high as $38.15. United Bankshares shares last traded at $37.30, with a volume of 552,545 shares changing hands.

Wall Street Analyst Weigh In

Separately, StockNews.com raised shares of United Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, November 13th.

United Bankshares Stock Down 0.1 %

The company has a market cap of $5.04 billion, a PE ratio of 14.13 and a beta of 1.03. The business’s 50 day moving average is $40.25 and its 200-day moving average is $37.65. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.97 and a quick ratio of 0.96.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, October 24th. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.67 by $0.03. The company had revenue of $414.67 million during the quarter, compared to analysts’ expectations of $260.30 million. United Bankshares had a return on equity of 7.58% and a net margin of 22.05%. During the same quarter in the previous year, the business earned $0.71 earnings per share. As a group, analysts predict that United Bankshares, Inc. will post 2.73 EPS for the current year.

United Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 2nd. Shareholders of record on Friday, December 13th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, December 13th. This represents a $1.48 dividend on an annualized basis and a yield of 3.97%. United Bankshares’s payout ratio is 56.06%.

Insider Transactions at United Bankshares

In related news, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total transaction of $107,150.00. Following the completion of the sale, the director now directly owns 63,409 shares of the company’s stock, valued at approximately $2,717,709.74. This represents a 3.79 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Mark R. Nesselroad sold 6,000 shares of the company’s stock in a transaction dated Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the completion of 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 disclosure for this sale can be found here. Insiders sold a total of 13,500 shares of company stock valued at $542,110 in the last ninety days. Corporate insiders own 3.66% of the company’s stock.

Hedge Funds Weigh In On United Bankshares

Several institutional investors have recently made changes to their positions in UBSI. UMB Bank n.a. increased its stake in shares of United Bankshares by 237.6% in the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 594 shares during the period. GAMMA Investing LLC lifted its holdings in United Bankshares by 34.6% in the third quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after purchasing an additional 534 shares during the period. Marathon Strategic Advisors LLC bought a new position in United Bankshares in the 3rd quarter valued at about $206,000. Quest Partners LLC increased its stake in United Bankshares by 377.2% during the 3rd quarter. Quest Partners LLC now owns 5,641 shares of the financial services provider’s stock valued at $209,000 after buying an additional 4,459 shares during the period. Finally, Centiva Capital LP bought a new stake in shares of United Bankshares during the 3rd quarter worth about $213,000. 70.80% of the stock is owned by institutional investors.

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.