NTV Asset Management LLC Sells 571 Shares of United Bankshares, Inc. $UBSI

NTV Asset Management LLC lessened its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 0.4% in the second quarter, HoldingsChannel reports. The firm owned 128,049 shares of the financial services provider’s stock after selling 571 shares during the period. NTV Asset Management LLC’s holdings in United Bankshares were worth $4,665,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in UBSI. Cerity Partners LLC grew its position in shares of United Bankshares by 0.8% during the 1st quarter. Cerity Partners LLC now owns 42,211 shares of the financial services provider’s stock valued at $1,463,000 after acquiring an additional 346 shares during the period. Lynx Investment Advisory boosted its holdings in United Bankshares by 3.5% in the 2nd quarter. Lynx Investment Advisory now owns 10,670 shares of the financial services provider’s stock worth $389,000 after buying an additional 356 shares during the period. Teacher Retirement System of Texas boosted its holdings in United Bankshares by 1.8% in the 1st quarter. Teacher Retirement System of Texas now owns 20,813 shares of the financial services provider’s stock worth $722,000 after buying an additional 371 shares during the period. Fifth Third Bancorp boosted its holdings in United Bankshares by 44.4% in the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider’s stock worth $59,000 after buying an additional 522 shares during the period. Finally, New York State Teachers Retirement System boosted its holdings in United Bankshares by 0.5% in the 1st quarter. New York State Teachers Retirement System now owns 133,107 shares of the financial services provider’s stock worth $4,615,000 after buying an additional 600 shares during the period. Institutional investors own 70.80% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on UBSI shares. Zacks Research raised shares of United Bankshares to a “hold” rating in a report on Friday, August 8th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of United Bankshares in a report on Saturday, September 27th. One investment analyst has rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, United Bankshares has a consensus rating of “Hold” and a consensus price target of $40.50.

United Bankshares Stock Up 1.3%

Shares of UBSI stock opened at $37.19 on Friday. The stock has a market cap of $5.27 billion, a P/E ratio of 13.14 and a beta of 0.76. United Bankshares, Inc. has a 52 week low of $30.50 and a 52 week high of $44.43. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.10. The company’s fifty day simple moving average is $37.23 and its two-hundred day simple moving average is $36.09.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping the consensus estimate of $0.77 by $0.08. The business had revenue of $306.00 million for the quarter, compared to analysts’ expectations of $297.98 million. United Bankshares had a net margin of 23.14% and a return on equity of 7.65%. During the same quarter in the previous year, the company earned $0.71 EPS. Analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, October 1st. Shareholders of record on Friday, September 12th were paid a $0.37 dividend. The ex-dividend date was Friday, September 12th. This represents a $1.48 annualized dividend and a yield of 4.0%. United Bankshares’s payout ratio is presently 52.30%.

United Bankshares 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.