Zurcher Kantonalbank Zurich Cantonalbank Has $253,000 Holdings in United Bankshares, Inc. (UBSI)
Zurcher Kantonalbank Zurich Cantonalbank raised its stake in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 24.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,118 shares of the financial services provider’s stock after purchasing an additional 1,591 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in United Bankshares were worth $253,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in UBSI. FNY Investment Advisers LLC grew its stake in shares of United Bankshares by 97.1% in the fourth quarter. FNY Investment Advisers LLC now owns 1,774 shares of the financial services provider’s stock worth $55,000 after acquiring an additional 874 shares during the last quarter. Captrust Financial Advisors raised its holdings in shares of United Bankshares by 985.1% in the third quarter. Captrust Financial Advisors now owns 3,559 shares of the financial services provider’s stock valued at $131,000 after buying an additional 3,231 shares during the last quarter. IFP Advisors Inc raised its holdings in shares of United Bankshares by 103.3% in the third quarter. IFP Advisors Inc now owns 3,675 shares of the financial services provider’s stock valued at $134,000 after buying an additional 1,867 shares during the last quarter. Tower Research Capital LLC TRC raised its holdings in shares of United Bankshares by 923.4% in the third quarter. Tower Research Capital LLC TRC now owns 5,762 shares of the financial services provider’s stock valued at $209,000 after buying an additional 5,199 shares during the last quarter. Finally, MML Investors Services LLC bought a new stake in United Bankshares during the 3rd quarter worth about $218,000. Institutional investors own 71.58% of the company’s stock.
NASDAQ UBSI traded up $0.38 on Monday, reaching $36.35. The stock had a trading volume of 56,696 shares, compared to its average volume of 434,684. The company has a debt-to-equity ratio of 0.46, a current ratio of 1.02 and a quick ratio of 1.00. United Bankshares, Inc. has a 1-year low of $29.13 and a 1-year high of $39.95. The firm has a market cap of $3.71 billion, a price-to-earnings ratio of 14.84, a P/E/G ratio of 1.79 and a beta of 1.21.
UBSI has been the subject of several analyst reports. BidaskClub upgraded United Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, November 15th. Zacks Investment Research upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, November 22nd. Finally, ValuEngine upgraded United Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, November 16th. Five equities research analysts have rated the stock with a hold rating, The company currently has a consensus rating of “Hold” and a consensus target price of $40.00.
In other United Bankshares news, Director P Clinton Winter acquired 1,000 shares of United Bankshares stock in a transaction that occurred on Thursday, December 27th. The shares were acquired at an average cost of $29.70 per share, with a total value of $29,700.00. Following the completion of the purchase, the director now directly owns 446,511 shares of the company’s stock, valued at approximately $13,261,376.70. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 5.15% of the company’s stock.
About United Bankshares
United Bankshares, Inc, a financial holding company, 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.
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