Deutsche Bank AG Lowers Stock Holdings in United Bankshares, Inc. $UBSI

Deutsche Bank AG lessened its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 8.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 104,695 shares of the financial services provider’s stock after selling 9,105 shares during the quarter. Deutsche Bank AG owned 0.07% of United Bankshares worth $3,630,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the business. Tower Research Capital LLC TRC boosted its holdings in United Bankshares by 2.7% in the 4th quarter. Tower Research Capital LLC TRC now owns 12,432 shares of the financial services provider’s stock valued at $467,000 after purchasing an additional 327 shares in the last quarter. Cerity Partners LLC boosted its holdings in United Bankshares by 0.8% in the 1st quarter. Cerity Partners LLC now owns 42,211 shares of the financial services provider’s stock valued at $1,463,000 after purchasing an additional 346 shares in the last quarter. Teacher Retirement System of Texas boosted its holdings in United Bankshares by 1.8% in the 1st quarter. Teacher Retirement System of Texas now owns 20,813 shares of the financial services provider’s stock valued at $722,000 after purchasing an additional 371 shares in the last quarter. Captrust Financial Advisors boosted its holdings in United Bankshares by 0.7% in the 4th quarter. Captrust Financial Advisors now owns 73,655 shares of the financial services provider’s stock valued at $2,766,000 after purchasing an additional 510 shares in the last quarter. Finally, Fifth Third Bancorp boosted its holdings in United Bankshares by 44.4% in the 1st quarter. Fifth Third Bancorp now owns 1,699 shares of the financial services provider’s stock valued at $59,000 after purchasing an additional 522 shares in the last quarter. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Stock Performance

UBSI opened at $37.21 on Tuesday. The stock has a market cap of $5.27 billion, a P/E ratio of 13.15 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’s 50 day simple moving average is $36.60 and its 200 day simple moving average is $35.80. United Bankshares, Inc. has a 1-year low of $30.50 and a 1-year high of $44.43.

United Bankshares (NASDAQ:UBSI) last released its quarterly earnings results on Thursday, July 24th. The financial services provider reported $0.85 earnings per share for the quarter, topping analysts’ consensus estimates of $0.77 by $0.08. The business had revenue of $306.00 million for the quarter, compared to analysts’ expectations of $297.98 million. United Bankshares had a return on equity of 7.65% and a net margin of 23.14%. During the same quarter in the prior year, the firm posted $0.71 EPS. As a group, equities analysts anticipate that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

Analyst Ratings Changes

UBSI has been the topic of a number of analyst reports. Zacks Research raised United Bankshares to a “hold” rating in a report on Friday, August 8th. Wall Street Zen lowered United Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, May 21st. Finally, Keefe, Bruyette & Woods decreased their price target on United Bankshares from $42.00 to $40.00 and set a “market perform” rating on the stock in a research note on Monday, April 28th. One analyst has rated the stock with a sell rating and four have issued a hold rating to the stock. According to MarketBeat, United Bankshares has a consensus rating of “Hold” and a consensus price target of $40.50.

United Bankshares Company Profile

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.