United Bankshares, Inc. (NASDAQ:UBSI) Director Michael P. Fitzgerald sold 27,000 shares of the business’s stock in a transaction that occurred on Friday, February 2nd. The stock was sold at an average price of $37.05, for a total value of $1,000,350.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink.
United Bankshares, Inc. (NASDAQ UBSI) traded down $1.85 during trading hours on Monday, hitting $34.45. 1,130,000 shares of the company were exchanged, compared to its average volume of 668,350. The company has a debt-to-equity ratio of 0.42, a current ratio of 1.04 and a quick ratio of 1.02. The company has a market cap of $3,620.00, a PE ratio of 22.08, a PEG ratio of 1.82 and a beta of 1.05. United Bankshares, Inc. has a 52 week low of $31.70 and a 52 week high of $46.35.
United Bankshares (NASDAQ:UBSI) last posted its quarterly earnings results on Tuesday, January 30th. The financial services provider reported $0.53 EPS for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. The company had revenue of $187.62 million for the quarter, compared to analysts’ expectations of $182.94 million. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. During the same quarter in the previous year, the firm posted $0.51 EPS. sell-side analysts anticipate that United Bankshares, Inc. will post 2.49 EPS for the current year.
UBSI has been the topic of a number of research analyst reports. Zacks Investment Research upgraded United Bankshares from a “hold” rating to a “strong-buy” rating and set a $41.00 target price on the stock in a research note on Thursday, December 28th. BidaskClub downgraded United Bankshares from a “hold” rating to a “sell” rating in a research note on Thursday, January 4th. Boenning Scattergood restated a “hold” rating on shares of United Bankshares in a research note on Friday, October 27th. Finally, Sandler O’Neill set a $38.00 target price on United Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus target price of $42.25.
Several large investors have recently bought and sold shares of the stock. Advisor Group Inc. raised its holdings in shares of United Bankshares by 19.1% in the 2nd quarter. Advisor Group Inc. now owns 9,466 shares of the financial services provider’s stock worth $371,000 after purchasing an additional 1,517 shares during the period. Pacer Advisors Inc. raised its holdings in shares of United Bankshares by 11.6% in the 3rd quarter. Pacer Advisors Inc. now owns 15,183 shares of the financial services provider’s stock worth $564,000 after purchasing an additional 1,578 shares during the period. Connable Office Inc. raised its holdings in shares of United Bankshares by 31.5% in the 3rd quarter. Connable Office Inc. now owns 7,134 shares of the financial services provider’s stock worth $265,000 after purchasing an additional 1,708 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in shares of United Bankshares by 42.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after purchasing an additional 1,712 shares during the period. Finally, Principal Financial Group Inc. raised its holdings in shares of United Bankshares by 0.4% in the 3rd quarter. Principal Financial Group Inc. now owns 446,341 shares of the financial services provider’s stock worth $16,582,000 after purchasing an additional 1,755 shares during the period. 65.44% of the stock is currently owned by institutional investors.
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About United Bankshares
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
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