United Bankshares, Inc. (NASDAQ:UBSI) Director Peter A. Converse sold 22,500 shares of the stock in a transaction on Wednesday, March 7th. The stock was sold at an average price of $37.74, for a total transaction of $849,150.00. Following the sale, the director now owns 491,810 shares of the company’s stock, valued at approximately $18,560,909.40. The sale was disclosed in a filing with the SEC, which is available through the SEC website.
United Bankshares, Inc. (UBSI) opened at $37.20 on Friday. The company has a market cap of $3,965.33, a price-to-earnings ratio of 23.85, a price-to-earnings-growth ratio of 1.89 and a beta of 1.05. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.04. United Bankshares, Inc. has a 12-month low of $31.70 and a 12-month high of $44.63.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Tuesday, January 30th. The financial services provider reported $0.53 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.01. The company had revenue of $187.62 million during the quarter, compared to the consensus estimate 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 prior year, the firm earned $0.51 EPS. sell-side analysts expect that United Bankshares, Inc. will post 2.49 earnings per share for the current year.
A number of brokerages recently weighed in on UBSI. BidaskClub upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, February 22nd. Zacks Investment Research downgraded shares of United Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 21st. TheStreet upgraded shares of United Bankshares from a “c+” rating to a “b-” rating in a research report on Wednesday, February 21st. Finally, Sandler O’Neill set a $38.00 price objective on shares of United Bankshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating and four have assigned a hold rating to the stock. United Bankshares presently has a consensus rating of “Hold” and a consensus price target of $41.33.
Institutional investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank raised its position in United Bankshares by 42.2% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,765 shares of the financial services provider’s stock worth $200,000 after buying an additional 1,712 shares during the last quarter. Chicago Partners Investment Group LLC purchased a new position in United Bankshares during the 3rd quarter worth $216,000. Engineers Gate Manager LP purchased a new position in United Bankshares during the 3rd quarter worth $241,000. Tyers Asset Management LLC increased its holdings in shares of United Bankshares by 32.8% in the 4th quarter. Tyers Asset Management LLC now owns 7,248 shares of the financial services provider’s stock valued at $252,000 after purchasing an additional 1,792 shares in the last quarter. Finally, Virtu Financial LLC purchased a new position in shares of United Bankshares in the 4th quarter valued at about $264,000. Institutional investors own 68.97% of the company’s stock.
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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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