United Bankshares Inc. (NASDAQ:UBSI) dropped 1% on Wednesday . The stock traded as low as $38.60 and last traded at $38.66, with a volume of 106,051 shares traded. The stock had previously closed at $39.04.

Separately, Zacks Investment Research upgraded shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Tuesday, April 12th.

The firm’s 50-day moving average price is $37.88 and its 200-day moving average price is $36.60. The stock has a market cap of $2.70 billion and a price-to-earnings ratio of 19.57.

United Bankshares (NASDAQ:UBSI) last released its earnings results on Thursday, April 28th. The financial services provider reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.48 by $0.02. During the same period last year, the company earned $0.50 earnings per share. On average, equities analysts expect that United Bankshares Inc. will post $2.04 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, July 1st. Stockholders of record on Friday, June 10th were paid a $0.33 dividend. This represents a $1.32 annualized dividend and a dividend yield of 3.41%. The ex-dividend date was Wednesday, June 8th.

Other institutional investors recently made changes to their positions in the company. ProShare Advisors LLC boosted its position 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 bought a new position in shares of United Bankshares during the fourth quarter valued at about $1,868,000. Nationwide Fund Advisors boosted its position 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 boosted its position 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 boosted its position 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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