United Bankshares, Inc. (NASDAQ:UBSI) Director Gary G. White bought 315 shares of United Bankshares stock in a transaction that occurred on Tuesday, December 29th. The stock was purchased at an average cost of $31.75 per share, with a total value of $10,001.25. Following the completion of the acquisition, the director now directly owns 31,868 shares in the company, valued at approximately $1,011,809. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.
Gary G. White also recently made the following trade(s):
- On Friday, December 4th, Gary G. White purchased 325 shares of United Bankshares stock. The shares were purchased at an average cost of $30.72 per share, for a total transaction of $9,984.00.
Shares of UBSI stock opened at $32.40 on Friday. The stock’s 50-day moving average price is $30.64 and its 200-day moving average price is $27.14. United Bankshares, Inc. has a 12-month low of $19.67 and a 12-month high of $39.07. The stock has a market capitalization of $4.20 billion, a price-to-earnings ratio of 15.36 and a beta of 1.41. The company has a current ratio of 1.01, a quick ratio of 0.98 and a debt-to-equity ratio of 0.39.
United Bankshares (NASDAQ:UBSI) last released its quarterly earnings data on Friday, October 23rd. The financial services provider reported $0.80 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.54 by $0.26. The business had revenue of $321.13 million for the quarter, compared to the consensus estimate of $183.31 million. United Bankshares had a return on equity of 6.23% and a net margin of 23.18%. During the same quarter in the previous year, the company posted $0.65 EPS. As a group, research analysts predict that United Bankshares, Inc. will post 1.99 EPS for the current fiscal year.
A number of analysts have recently issued reports on the stock. Keefe, Bruyette & Woods cut shares of United Bankshares from an “outperform” rating to a “market perform” rating and increased their price objective for the stock from $30.00 to $32.00 in a research note on Thursday, November 19th. Piper Sandler raised their price target on United Bankshares from $25.00 to $29.00 and gave the company a “neutral” rating in a report on Monday, October 26th. Boenning Scattergood assumed coverage on United Bankshares in a research note on Tuesday, October 13th. They issued a “neutral” rating for the company. BidaskClub upgraded United Bankshares from a “hold” rating to a “buy” rating in a research report on Tuesday, November 3rd. Finally, TheStreet raised United Bankshares from a “c+” rating to a “b-” rating in a report on Tuesday, November 17th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $29.92.
Institutional investors and hedge funds have recently made changes to their positions in the stock. LPL Financial LLC purchased a new stake in United Bankshares during the third quarter valued at $382,000. Schonfeld Strategic Advisors LLC purchased a new position in shares of United Bankshares in the 3rd quarter worth $526,000. State of Michigan Retirement System increased its holdings in shares of United Bankshares by 2.2% in the 3rd quarter. State of Michigan Retirement System now owns 47,295 shares of the financial services provider’s stock worth $1,015,000 after buying an additional 1,000 shares during the last quarter. Charles Schwab Investment Management Inc. raised its position in shares of United Bankshares by 22.7% during the 2nd quarter. Charles Schwab Investment Management Inc. now owns 1,048,578 shares of the financial services provider’s stock valued at $29,004,000 after buying an additional 194,185 shares in the last quarter. Finally, Natixis Advisors L.P. lifted its holdings in shares of United Bankshares by 57.8% in the 2nd quarter. Natixis Advisors L.P. now owns 53,501 shares of the financial services provider’s stock valued at $1,480,000 after acquiring an additional 19,593 shares during the last quarter. Institutional investors own 65.14% of the company’s stock.
United Bankshares Company Profile
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 interest-bearing checking accounts.
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