United Bankshares, Inc. (NASDAQ: UBSI) is 2.42% higher on its value in year-to-date trading and has touched a low of $25.35 and a high of $39.93 in the current 52-week trading range. The question becomes, what are the chances the stock will continue to grow shareholders’ wealth in the market. Here’s what analysts think will happen to its price in the coming time. The UBSI stock was last observed hovering at around $38.64 in the last trading session, with the day’s loss setting it -0.18%.
Currently trading at $38.46, the stock is 5.17% and 8.79% above its SMA20 and SMA50 respectively. However, with a daily trading volume of 0.52 million and changing -0.47% at the moment leaves the stock 10.75% off its SMA200. UBSI registered 28.76% gain for a year compared to 6-month gain of 10.87%.
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The stock witnessed a -1.21% loss in the last 1 month and extending the period to 3 months gives it a 20.75%, and is 4.85% up over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 2.82% over the week and 2.86% over the month.
United Bankshares, Inc. (UBSI) has around 2635 employees, a market worth around $5.20B and $1.57B in sales. Current P/E ratio is 14.51 and Fwd P/E is 14.49. Profit margin for the company is 22.75%. Distance from 52-week low is 51.72% and -3.68% from its 52-week high. The company has generated returns on investments over the last 12 months (6.85%).
The EPS is expected to shrink by -0.66% this year
396.0 institutions hold shares in United Bankshares, Inc. (UBSI), with institutional investors hold 74.04% of the company’s shares. The shares outstanding are 134.95M, and float is at 132.21M with Short Float at 1.70%. Institutions hold 72.49% of the Float.
The top institutional shareholder in the company is BLACKROCK INC. with over 19.35 million shares valued at $627.68 million. The investor’s holdings represent 14.353 of the UBSI Shares outstanding. As of 2024-06-30, the second largest holder is VANGUARD GROUP INC with 14.13 million shares valued at $458.22 million to account for 10.4779 of the shares outstanding. The other top investors are STATE STREET CORP which holds 8.06 million shares representing 5.9811 and valued at over $264.51 million, while DIMENSIONAL FUND ADVISORS LP holds 5.8658 of the shares totaling 7.91 million with a market value of $256.52 million.
United Bankshares, Inc. (UBSI) Insider Activity
The most recent transaction is an insider purchase by CONVERSE PETER A, the company’s Director. SEC filings show that CONVERSE PETER A bought 740 shares of the company’s common stock on Nov 21 ’23 at a price of $33.21 per share for a total of $24575.0. Following the purchase, the insider now owns 0.44 million shares.
United Bankshares, Inc. disclosed in a document filed with the SEC on Oct 27 ’23 that White Gary G (Director) bought a total of 400 shares of the company’s common stock. The trade occurred on Oct 27 ’23 and was made at $27.81 per share for $11125.0. Following the transaction, the insider now directly holds 40643.0 shares of the UBSI stock.
