United Bankshares Inc. (NASDAQ:UBSI) shares saw strong trading volume on Friday . 629,066 shares changed hands during trading, an increase of 66% from the previous session’s volume of 378,544 shares.The stock last traded at $39.21 and had previously closed at $39.20.

Separately, Zacks Investment Research upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, May 5th.

The firm has a market capitalization of $2.73 billion and a P/E ratio of 19.80. The stock’s 50-day moving average price is $37.91 and its 200-day moving average price is $36.57.

United Bankshares (NASDAQ:UBSI) last announced its earnings results on Thursday, April 28th. The financial services provider reported $0.50 earnings per share for the quarter, topping the consensus estimate of $0.48 by $0.02. During the same quarter in the previous year, the company earned $0.50 EPS. Analysts anticipate that United Bankshares Inc. will post $2.04 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Friday, July 1st. Investors of record on Friday, June 10th were paid a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.37%. The ex-dividend date of this dividend was Wednesday, June 8th.

A number of large investors have made changes to their positions in the company. ProShare Advisors LLC increased its stake in shares of United Bankshares by 17.5% in the fourth quarter. ProShare Advisors LLC now owns 28,769 shares of the financial services provider’s stock valued at $1,064,000 after buying an additional 4,295 shares during the last quarter. State of Tennessee Treasury Department acquired a new stake in shares of United Bankshares during the fourth quarter valued at $1,868,000. Nationwide Fund Advisors increased its stake in shares of United Bankshares by 1.3% in the fourth quarter. Nationwide Fund Advisors now owns 53,170 shares of the financial services provider’s stock valued at $1,967,000 after buying an additional 672 shares during the last quarter. Comerica Bank increased its stake in shares of United Bankshares by 0.8% in the fourth quarter. Comerica Bank now owns 65,908 shares of the financial services provider’s stock valued at $2,267,000 after buying an additional 519 shares during the last quarter. Finally, Bank of Montreal Can increased its stake in shares of United Bankshares by 0.3% in the fourth quarter. Bank of Montreal Can now owns 69,308 shares of the financial services provider’s stock valued at $2,564,000 after buying an additional 220 shares during the last quarter.

United Bankshares, Inc (United) is a bank holding company. The Company has approximately two banking subsidiaries (the Banking Subsidiaries) doing business under the name of United Bank, one operating under the laws of West Virginia referred to as United Bank (WV) and the other operating under the laws of Virginia referred to as United Bank (VA).

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