Traders Buy Shares of United Bankshares Inc. (UBSI) on Weakness
Investors bought shares of United Bankshares Inc. (NASDAQ:UBSI) on weakness during trading hours on Friday. $21.74 million flowed into the stock on the tick-up and $5.77 million flowed out of the stock on the tick-down, for a money net flow of $15.97 million into the stock. Of all companies tracked, United Bankshares had the 27th highest net in-flow for the day. United Bankshares traded down ($0.29) for the day and closed at $38.71
Separately, Zacks Investment Research raised shares of United Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday.
The firm has a 50-day moving average price of $38.38 and a 200-day moving average price of $37.26. The company has a market capitalization of $2.96 billion and a PE ratio of 20.16.
United Bankshares (NASDAQ:UBSI) last announced its quarterly earnings data on Thursday, July 28th. The financial services provider reported $0.44 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.06. During the same quarter in the previous year, the business posted $0.50 EPS. Equities analysts expect that United Bankshares Inc. will post $1.98 earnings per share for the current fiscal year.
A hedge fund recently raised its stake in United Bankshares stock. Bank of Montreal Can raised its position in United Bankshares Inc. (NASDAQ:UBSI) by 0.3% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 69,308 shares of the financial services provider’s stock after buying an additional 220 shares during the period. Bank of Montreal Can owned about 0.10% of United Bankshares worth $2,564,000 at the end of the most recent reporting 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).
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.