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.
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.
TRADEMARK VIOLATION WARNING: This piece of content was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece of content on another site, it was stolen and reposted in violation of US & international trademark & copyright legislation. The legal version of this piece of content can be viewed at https://www.americanbankingnews.com/2018/02/05/united-bankshares-inc-ubsi-director-sells-1000350-00-in-stock.html.
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.
Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.