Economy

United Bankshares, Inc. (UBSI) Hits 52-Week High

(UBSI) on Thursday reported second-quarter net income of $37.1 million.

A number of large investors have recently made changes to their positions in the stock. Tributary Capital Management LLC owned about 0.64% of United Bankshares worth $26,270,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in UBSI. Tiaa Cref Inv Mgmt Llc reported 0.01% of its portfolio in United Bankshares, Inc. City Holding Co. boosted its stake in United Bankshares by 0.8% in the first quarter. City Holding Co. now owns 24,191 shares of the financial services provider's stock worth $1,022,000 after buying an additional 200 shares during the period. State of Alaska Department of Revenue boosted its position in United Bankshares by 2.5% in the first quarter. State of Alaska Department of Revenue now owns 8,980 shares of the financial services provider's stock worth $379,000 after buying an additional 220 shares during the period. Elkfork Partners LLC boosted its stake in shares of United Bankshares by 14.5% in the first quarter. Sigma Planning Corp now owns 9,130 shares of the financial services provider's stock valued at $386,000 after buying an additional 307 shares during the last quarter. Bank of New York Mellon Corp boosted its stake in shares of United Bankshares by 6.8% in the first quarter. Meadow Creek Investment Management LLC now owns 4,424 shares of the financial services provider's stock worth $187,000 after buying an additional 560 shares during the last quarter. Td Asset Mngmt Inc has 22,265 shares. The company's stock had a trading volume of 813,247 shares. United Bankshares, Inc. The company has a market capitalization of $3.78 billion, a PE ratio of 18.31 and a beta of 1.07. United Bankshares, Inc. has a 1-year low of $34.25 and a 1-year high of $49.35. "(NASDAQ:UBSI) Issues Earnings Results, Misses Expectations By $0.13 EPS" was posted by Stock Observer and is the property of of Stock Observer. After $0.48 actual earnings per share reported by United Bankshares, Inc. for the previous quarter, Wall Street now forecasts 6.25% EPS growth.

Looking forward, for the quarter ending Sep-17, 4 analysts have a mean sales target of 181.89 million. It has a return on equity (ROE) of 7.10%. Next quarter's EPS is expected be $0.55 with next year's EPS projected to be $2.33.

Additionally the company announced a dividend for shareholders paid on Monday the 3rd of July 2017. Stockholders of record on Friday, June 9th were issued a $0.33 dividend. More interesting news about Agilent Technologies Inc (NYSE:A) were released by: Nasdaq.com and their article: "Ex-Dividend Reminder: Agilent Technologies, HealthSouth and Cardinal Health" published on June 27, 2017 as well as Businesswire.com's news article titled: "Agilent Technologies Introduces Real-Time PCR System for Clinical Diagnostics ..." with publication date: July 25, 2017. The dividend yield was $3.45. Ameriprise Incorporated has invested 0.08% of its portfolio in United Bankshares, Inc. If you are accessing this report on another publication, it was illegally stolen and republished in violation of United States and worldwide trademark and copyright legislation. The original version of this piece can be viewed at https://www.themarketsdaily.com/2017/07/28/united-bankshares-inc-ubsi-shares-sold-by-credit-suisse-ag.html. Agilent Technologies had 33 analyst reports since August 14, 2015 according to SRatingsIntel. BidaskClub raised shares of United Bankshares from a "sell" rating to a "hold" rating in a research report on Saturday, June 10th. Boenning Scattergood raised shares of United Bankshares from an "underperform" rating to a "neutral" rating in a research note on Thursday, May 18th. Zacks Investment Research upgraded United Bankshares from a "hold" rating to a "buy" rating and set a $43.00 price target for the company in a research report on Wednesday, June 28th. Finally, Keefe, Bruyette & Woods set a $44.00 target price on shares of United Bankshares and gave the stock a "hold" rating in a research report on Thursday, April 6th.

Several research analysts have weighed in on the company. Analysts predict that United Bankshares, Inc. will post $2.07 earnings per share for the current fiscal year. Also, Director Michael P. Fitzgerald sold 13,100 shares of United Bankshares stock in a transaction dated Friday, May 12th. The shares were sold on May 12th for an average price of $38.30. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Bernard H. Clineburg sold 1,183 shares of the business's stock in a transaction that occurred on Tuesday, May 2nd. They now have a United States dollars 39 price target on the stock. Following the completion of the sale, the director now directly owns 174,765 shares of the company's stock, valued at $6,939,918.15. The disclosure for this sale can be found here. Ntv Asset Management Llc bought 12,050 shares as the company's stock declined 15.09% while stock markets rallied. First Midwest Natl Bank Tru Division owns 0.14% invested in United Bankshares, Inc.



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