Cambiar Investors LLC Decreases Holdings in United Bankshares, Inc. $UBSI

Key Points

• Cambiar Investors LLC has reduced its holdings in United Bankshares, Inc. by 16.5%, now owning 49,917 shares valued at approximately $1.73 million.
• Several institutional investors have significantly increased their positions in United Bankshares, with Farther Finance Advisors boosting its holdings by 726.5% in the first quarter.
• Wall Street analysts have mixed ratings on United Bankshares, with Zacks Research upgrading it to a "hold" while Keefe, Bruyette & Woods cut the price target from $42 to $40.

Cambiar Investors LLC lowered its stake in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 16.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 49,917 shares of the financial services provider's stock after selling 9,865 shares during the period. Cambiar Investors LLC's holdings in United Bankshares were worth $1,731,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the stock. Earnest Partners LLC boosted its holdings in United Bankshares by 0.7% in the fourth quarter. Earnest Partners LLC now owns 4,199,136 shares of the financial services provider's stock valued at $157,678,000 after acquiring an additional 29,898 shares in the last quarter. Northern Trust Corp boosted its holdings in shares of United Bankshares by 13.7% during the 4th quarter. Northern Trust Corp now owns 1,774,018 shares of the financial services provider's stock valued at $66,614,000 after buying an additional 213,441 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of United Bankshares by 1.3% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 1,733,488 shares of the financial services provider's stock valued at $60,100,000 after buying an additional 22,900 shares in the last quarter. ProShare Advisors LLC boosted its holdings in shares of United Bankshares by 3.9% during the 4th quarter. ProShare Advisors LLC now owns 1,123,987 shares of the financial services provider's stock valued at $42,206,000 after buying an additional 41,819 shares in the last quarter. Finally, Invesco Ltd. boosted its holdings in shares of United Bankshares by 8.9% during the 1st quarter. Invesco Ltd. now owns 980,553 shares of the financial services provider's stock valued at $33,996,000 after buying an additional 80,176 shares in the last quarter. Institutional investors own 70.80% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Keefe, Bruyette & Woods decreased their target price on shares of United Bankshares from $42.00 to $40.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Zacks Research raised shares of United Bankshares to a "hold" rating in a research note on Friday, August 8th. Finally, Wall Street Zen downgraded United Bankshares from a "hold" rating to a "sell" rating in a report on Wednesday, May 21st. Four analysts have rated the stock with a Hold rating, According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $40.50.

United Bankshares Price Performance

Shares of NASDAQ UBSI traded up $1.82 during mid-day trading on Friday, reaching $38.73. The company's stock had a trading volume of 778,061 shares, compared to its average volume of 638,112. The firm has a market capitalization of $5.49 billion, a PE ratio of 13.69 and a beta of 0.79. The company has a debt-to-equity ratio of 0.10, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a fifty day moving average of $36.69 and a two-hundred day moving average of $35.81. United Bankshares, Inc. has a 52 week low of $30.50 and a 52 week high of $44.43.

United Bankshares (NASDAQ:UBSI - Get Free Report) last posted its earnings results on Thursday, July 24th. The financial services provider reported $0.85 EPS for the quarter, topping analysts' consensus estimates of $0.77 by $0.08. The company had revenue of $306.00 million for the quarter, compared to the consensus estimate of $297.98 million. United Bankshares had a return on equity of 7.65% and a net margin of 23.14%.During the same period in the previous year, the business earned $0.71 earnings per share. As a group, sell-side analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

About United Bankshares

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.