United Bankshares (UBSI) : Waldron Lp reduced its stake in United Bankshares by 0.27% during the most recent quarter end. The investment management company now holds a total of 84,483 shares of United Bankshares which is valued at $3,827,080 after selling 230 shares in United Bankshares , the firm said in a disclosure report filed with the SEC on Nov 14, 2016.United Bankshares makes up approximately 1.40% of Waldron Lp’s portfolio.
Other Hedge Funds, Including , Richard Bernstein Advisors boosted its stake in UBSI in the latest quarter, The investment management firm added 64,462 additional shares and now holds a total of 117,082 shares of United Bankshares which is valued at $4,741,821. United Bankshares makes up approx 0.45% of Richard Bernstein Advisors’s portfolio.Public Employees Retirement Association Of Colorado reduced its stake in UBSI by selling 1,946 shares or 13.35% in the most recent quarter. The Hedge Fund company now holds 12,627 shares of UBSI which is valued at $464,042.
United Bankshares opened for trading at $44.85 and hit $45.8 on the upside on Monday, eventually ending the session at $45.7, with a gain of 2.24% or 1 points. The heightened volatility saw the trading volume jump to 4,85,041 shares. Company has a market cap of $3,494 M.
On the company’s financial health, United Bankshares reported $0.54 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on Oct 27, 2016. Analyst had a consensus of $0.52.Analysts expectations of $ 129.16.During the same quarter in the previous year, the company posted $0.50 EPS.
Investors should note that on Nov 4, 2016, United Bankshares announced a cash dividend of $0.3300. The company’s management has announced Dec 7, 2016 as the ex-dividend date and fixed the record date on Dec 9, 2016. The payable date has been fixed on Jan 3, 2017.
United Bankshares Inc. (United) is a bank holding company. The Company has two banking subsidiaries (the Banking Subsidiaries): United Bank (WV) and United Bank (VA). Uniteds Banking Subsidiaries offer a range of commercial and retail banking services and products. United also owns nonbank subsidiaries which engage in other community banking services such as asset management real property title insurance financial planning and brokerage services. Included among the banking services offered are the acceptance of deposits in checking savings time and money market accounts; the making and servicing of personal commercial floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts safe deposit boxes wire transfers and other standard banking products and services. As part of its lending function the Banking Subsidiaries offer credit card services.