DAVENPORT & Co LLC Sells 517 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

On February 8, 2025, it was reported that DAVENPORT & Co LLC has reduced its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 3.1% in the fourth quarter of the year. According to a recent Form 13F filing with the Securities and Exchange Commission, the firm now holds 15,945 shares of United Bankshares after selling 517 shares during this period. As of the latest filing, DAVENPORT & Co LLC's investment in United Bankshares was valued at approximately $599,000.

In addition to DAVENPORT & Co LLC, several other institutional investors and hedge funds have also adjusted their positions in United Bankshares. For instance, UMB Bank n.a. significantly increased its ownership by 237.6% in the third quarter, bringing its total holdings to 844 shares valued at around $31,000 after acquiring an extra 594 shares. GAMMA Investing LLC also raised its stake by 34.6% during the same period, owning 2,079 shares currently valued at $77,000 after buying an additional 534 shares.

Moreover, Milestone Asset Management LLC entered a new position in United Bankshares, acquiring shares worth approximately $201,000 in the fourth quarter. Quest Partners LLC saw notable growth of 377.2% in their holdings, resulting in the ownership of 5,641 shares valued at about $209,000 after purchasing 4,459 extra shares during the third quarter. Another new stake was established by Centiva Capital LP worth around $213,000 in the third quarter. Overall, institutional investors and hedge funds own about 70.80% of the total shares of United Bankshares.

Insider Transactions

In related trading activity, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares on December 18, 2025, at an average price of $39.16, totaling approximately $234,960. Following this sale, he holds 35,424 shares valued at around $1,387,203.84, marking a 14.48% decrease in his stake. Another director, J Paul McNamara, sold 2,500 shares on November 26, 2025, for an average of $42.86, amounting to $107,150. After this sale, McNamara now owns 63,409 shares worth about $2,717,709.74, indicative of a 3.79% decrease in his holdings. Corporate insiders currently hold 3.66% of the company's stock.

Analyst Recommendations

United Bankshares' stock has attracted attention from various research analysts. In a report dated January 27, 2025, Keefe, Bruyette & Woods lowered the price target for the shares from $46.00 to $45.00, maintaining a “market perform” rating on the stock. Meanwhile, Stephens reiterated an “equal weight” rating with a $43.00 price target for United Bankshares. Additionally, StockNews.com downgraded the company from a “hold” rating to a “sell” rating on January 27, 2025.

Performance Overview

As of the last trading session, United Bankshares' stock opened at $38.60. The company maintains a current ratio of 0.98 and a quick ratio of 0.98, while the debt-to-equity ratio stands at 0.11. Over the past year, the stock reached a low of $30.68 and a high of $44.43. United Bankshares has a market capitalization of $5.22 billion, a price-to-earnings ratio of 14.09, and a beta of 1.02. The 50-day moving average for the company is $38.74, with a 200-day moving average at $38.35.

On January 24, 2025, United Bankshares released its earnings report, revealing earnings per share (EPS) of $0.69 for the quarter, which surpassed analysts' estimates of $0.68 by $0.01. United Bankshares recorded a net margin of 22.94% and return on equity of 7.60%. In comparison, the previous year's corresponding quarter showed an EPS of $0.59. Analysts anticipate that United Bankshares will report an EPS of 2.82 for the current year.

Company Profile

United Bankshares, Inc. operates mainly in the United States through its subsidiaries, offering commercial and retail banking services. The company's operations are divided into two segments: Community Banking and Mortgage Banking. Their services include checking and savings accounts, money market accounts, and individual retirement accounts, among others.

Shares, Investment, Finance