United Bankshares, Inc. (UBSI) Holdings Trimmed by TIAA CREF Investment Management LLC

TIAA CREF Investment Management LLC lowered its holdings in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 281,953 shares of the financial services provider’s stock after selling 21,992 shares during the period. TIAA CREF Investment Management LLC owned approximately 0.27% of United Bankshares worth $9,798,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the company. OppenheimerFunds Inc. raised its stake in shares of United Bankshares by 23.1% in the 4th quarter. OppenheimerFunds Inc. now owns 8,206 shares of the financial services provider’s stock worth $285,000 after buying an additional 1,542 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of United Bankshares by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after buying an additional 1,712 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of United Bankshares by 0.9% in the 4th quarter. Teachers Advisors LLC now owns 194,638 shares of the financial services provider’s stock worth $6,764,000 after buying an additional 1,726 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in shares of United Bankshares by 5.5% in the 4th quarter. Nisa Investment Advisors LLC now owns 40,600 shares of the financial services provider’s stock worth $1,411,000 after buying an additional 2,100 shares in the last quarter. Finally, Connable Office Inc. raised its stake in shares of United Bankshares by 31.0% in the 4th quarter. Connable Office Inc. now owns 9,342 shares of the financial services provider’s stock worth $325,000 after buying an additional 2,208 shares in the last quarter. 68.82% of the stock is currently owned by institutional investors.

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UBSI opened at $34.30 on Friday. United Bankshares, Inc. has a one year low of $31.70 and a one year high of $42.40. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.04. The firm has a market capitalization of $3,702.72, a PE ratio of 18.05, a PEG ratio of 1.77 and a beta of 1.02.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $187.62 million for the quarter, compared to the consensus estimate of $182.94 million. United Bankshares had a return on equity of 6.28% and a net margin of 19.93%. During the same quarter in the previous year, the business earned $0.51 EPS. research analysts forecast that United Bankshares, Inc. will post 2.49 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Monday, April 2nd. Investors of record on Friday, March 9th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.97%. The ex-dividend date of this dividend was Thursday, March 8th. United Bankshares’s payout ratio is 71.58%.

UBSI has been the topic of a number of research reports. TheStreet raised United Bankshares from a “c+” rating to a “b-” rating in a research note on Wednesday, February 21st. BidaskClub raised United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Zacks Investment Research downgraded United Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, February 21st. Finally, Sandler O’Neill set a $38.00 price objective on United Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. One investment analyst has rated the stock with a sell rating and three have given a hold rating to the company’s stock. United Bankshares currently has a consensus rating of “Hold” and a consensus price target of $40.00.

In related news, Director Peter A. Converse sold 22,500 shares of United Bankshares stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $37.74, for a total value of $849,150.00. Following the transaction, the director now directly owns 491,810 shares in the company, valued at approximately $18,560,909.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Peter A. Converse sold 69,020 shares of United Bankshares stock in a transaction on Friday, February 16th. The stock was sold at an average price of $37.03, for a total value of $2,555,810.60. The disclosure for this sale can be found here. Insiders sold a total of 118,520 shares of company stock worth $4,405,311 over the last 90 days. Insiders own 6.23% of the company’s stock.

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United Bankshares Profile

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.

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

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