United Bankshares (UBSI) Announces Quarterly Earnings Results, Meets Expectations
United Bankshares (NASDAQ:UBSI) issued its quarterly earnings data on Tuesday. The company reported $0.44 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.44, Stock Ratings Network.com reports. During the same quarter last year, the company posted $0.38 earnings per share.
Shares of United Bankshares (NASDAQ:UBSI) traded up 0.63% on Tuesday, hitting $30.45. The stock had a trading volume of 23,886 shares. United Bankshares has a 52-week low of $23.02 and a 52-week high of $29.43. The stock’s 50-day moving average is $28.57 and its 200-day moving average is $26.85. The company has a market cap of $1.534 billion and a P/E ratio of 18.12.
On the ratings front, analysts at Guggenheim raised their price target on shares of United Bankshares from $28.00 to $30.00 in a research note to investors on Friday, September 20th. They now have a “neutral” rating on the stock.
United Bankshares, Inc (NASDAQ:UBSI) is a bank holding company.
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