Swiss National Bank Grows Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Swiss National Bank grew its holdings in United Bankshares, Inc. (NASDAQ:UBSI) by 0.8% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 265,963 shares of the financial services provider’s stock after purchasing an additional 2,000 shares during the period. Swiss National Bank owned about 0.20% of United Bankshares worth $9,987,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. SBI Securities Co. Ltd. purchased a new stake in United Bankshares in the fourth quarter worth $26,000. Jones Financial Companies Lllp increased its stake in shares of United Bankshares by 55.8% during the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider’s stock valued at $33,000 after buying an additional 310 shares during the period. Wilmington Savings Fund Society FSB increased its stake in shares of United Bankshares by 1,921.1% during the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider’s stock valued at $54,000 after buying an additional 1,364 shares during the period. Principal Securities Inc. increased its stake in shares of United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider’s stock valued at $117,000 after buying an additional 285 shares during the period. Finally, Hopwood Financial Services Inc. purchased a new position in shares of United Bankshares during the fourth quarter valued at $117,000. Hedge funds and other institutional investors own 70.80% of the company’s stock.

United Bankshares Price Performance

Shares of UBSI stock opened at $34.71 on Friday. United Bankshares, Inc. has a 1-year low of $30.68 and a 1-year high of $44.43. The stock’s 50-day moving average is $36.91 and its 200 day moving average is $38.12. The company has a market cap of $4.97 billion, a P/E ratio of 12.67 and a beta of 0.98. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings results on Friday, January 24th. The financial services provider reported $0.69 earnings per share for the quarter, topping the consensus estimate 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 in the prior year, the firm earned $0.59 earnings per share. Research analysts predict that United Bankshares, Inc. will post 2.81 earnings per share for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, April 1st. Shareholders of record on Friday, March 14th will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.26%. The ex-dividend date is Friday, March 14th. United Bankshares’s dividend payout ratio is presently 54.01%.

Analyst Ratings Changes

Several equities analysts have recently commented on UBSI shares. Piper Sandler restated a “neutral” rating and set a $38.50 price target on shares of United Bankshares in a research note on Wednesday, March 12th. Keefe, Bruyette & Woods cut their price target on United Bankshares from $46.00 to $45.00 and set a “market perform” rating on the stock in a research note on Monday, January 27th. Stephens restated an “equal weight” rating and set a $43.00 price target on shares of United Bankshares in a research note on Monday, January 27th. Finally, StockNews.com lowered United Bankshares from a “hold” rating to a “sell” rating in a research note on Monday, January 27th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. Based on data from MarketBeat.com, United Bankshares has an average rating of “Hold” and an average price target of $41.88.

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.