Insider Selling: James B. Hayhurst, Jr. Unloads 35,000 Shares of United Bankshares Stock (UBSI)
United Bankshares (NASDAQ:UBSI) Insider James B. Hayhurst, Jr. unloaded 35,000 shares of the company’s stock in a transaction dated Wednesday, June 4th. The shares were sold at an average price of $30.52, for a total transaction of $1,068,200.00. Following the completion of the sale, the insider now directly owns 46,900 shares of the company’s stock, valued at approximately $1,431,388. The transaction was disclosed in a document filed with the SEC, which is available at this link.
Shares of United Bankshares (NASDAQ:UBSI) traded up 2.92% during mid-day trading on Thursday, hitting $31.40. The stock had a trading volume of 172,885 shares. United Bankshares has a one year low of $25.00 and a one year high of $32.71. The stock has a 50-day moving average of $29.67 and a 200-day moving average of $30.3. The company has a market cap of $2.169 billion and a P/E ratio of 17.34.
United Bankshares (NASDAQ:UBSI) last released its earnings data on Tuesday, April 29th. The company reported $0.48 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.43 by $0.05. During the same quarter last year, the company posted $0.43 earnings per share. On average, analysts predict that United Bankshares will post $1.90 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, July 1st. Investors of record on Friday, June 13th will be paid a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.20%. The ex-dividend date is Wednesday, June 11th.
United Bankshares, Inc (NASDAQ:UBSI) is a bank holding company.
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