Cambiar Investors LLC Lowers Stake in United Bankshares, Inc. (NASDAQ:UBSI)

Cambiar Investors LLC lessened its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 7.9% in the 4th quarter, Holdings Channel.com reports. The firm owned 59,782 shares of the financial services provider’s stock after selling 5,135 shares during the quarter. Cambiar Investors LLC’s holdings in United Bankshares were worth $2,245,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of the business. GAMMA Investing LLC increased its holdings in United Bankshares by 34.6% in the 3rd quarter. GAMMA Investing LLC now owns 2,079 shares of the financial services provider’s stock worth $77,000 after acquiring an additional 534 shares in the last quarter. UMB Bank n.a. grew its position in shares of United Bankshares by 237.6% in the third quarter. UMB Bank n.a. now owns 844 shares of the financial services provider’s stock valued at $31,000 after purchasing an additional 594 shares during the period. Ritholtz Wealth Management purchased a new stake in shares of United Bankshares during the third quarter worth about $445,000. Inspire Investing LLC raised its position in shares of United Bankshares by 2.7% during the 3rd quarter. Inspire Investing LLC now owns 11,095 shares of the financial services provider’s stock worth $412,000 after purchasing an additional 291 shares during the last quarter. Finally, Courier Capital LLC purchased a new position in United Bankshares in the 3rd quarter valued at about $215,000. Hedge funds and other institutional investors own 70.80% of the company’s stock.

Insider Buying and Selling at United Bankshares

In other news, Director Mark R. Nesselroad sold 6,000 shares of United Bankshares stock in a transaction that occurred on Wednesday, December 18th. The shares were sold at an average price of $39.16, for a total transaction of $234,960.00. Following the sale, the director now owns 35,424 shares of the company’s stock, valued at approximately $1,387,203.84. The trade was a 14.48 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director J Paul Mcnamara sold 2,500 shares of the company’s stock in a transaction that occurred on Tuesday, November 26th. The shares were sold at an average price of $42.86, for a total value of $107,150.00. Following the completion of the transaction, the director now owns 63,409 shares in the company, valued at $2,717,709.74. This represents a 3.79 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 3.66% of the stock is owned by company insiders.

United Bankshares Stock Up 1.8 %

Shares of NASDAQ UBSI opened at $38.99 on Wednesday. The stock has a market cap of $5.27 billion, a PE ratio of 14.23 and a beta of 1.02. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 0.11. United Bankshares, Inc. has a 12-month low of $30.68 and a 12-month high of $44.43. The company has a 50-day moving average of $38.62 and a 200 day moving average of $38.37.

United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.68 by $0.01. United Bankshares had a return on equity of 7.60% and a net margin of 22.94%. During the same period last year, the firm earned $0.59 earnings per share. As a group, sell-side analysts predict that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

UBSI has been the subject of several research reports. StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. Keefe, Bruyette & Woods dropped their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating for the company in a research report on Monday, January 27th. Finally, Stephens restated an “equal weight” rating and issued a $43.00 price objective on shares of United Bankshares in a report on Monday, January 27th.

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.