United Bankshares Inc. (NASDAQ:UBSI) shares saw unusually-high trading volume on Friday . Approximately 629,066 shares traded hands during mid-day 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 United Bankshares from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th.

The firm has a 50 day moving average price of $37.91 and a 200-day moving average price of $36.57. The stock has a market capitalization of $2.73 billion and a PE ratio of 19.80.

United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, April 28th. The financial services provider reported $0.50 EPS for the quarter, beating the Zacks’ consensus estimate of $0.48 by $0.02. During the same quarter last year, the business posted $0.50 EPS. Analysts predict that United Bankshares Inc. will post $2.04 EPS for the current fiscal year.

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

Other hedge funds and institutional investors have bought and sold shares of the company. State of Tennessee Treasury Department acquired a new position in United Bankshares during the fourth quarter valued at about $1,868,000. Principal Financial Group Inc. raised its position in United Bankshares by 3.5% in the fourth quarter. Principal Financial Group Inc. now owns 436,333 shares of the financial services provider’s stock valued at $16,140,000 after buying an additional 14,796 shares during the period. Bank of Montreal Can raised its position in 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 period. New York State Common Retirement Fund raised its position in United Bankshares by 0.8% in the fourth quarter. New York State Common Retirement Fund now owns 355,043 shares of the financial services provider’s stock valued at $13,133,000 after buying an additional 2,800 shares during the period. Finally, Comerica Bank raised its position in 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 period.

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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