United Bankshares, Inc (NASDAQ: UBSI) is 2.53% higher on its value in year-to-date trading and has touched a low of $30.68 and a high of $44.43 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 $38.47 in the last trading session, with the day’s gains setting it 0.03%.
Currently trading at $38.50, the stock is 1.80% and -2.48% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 1.22 million and changing 0.08% at the moment leaves the stock 5.18% off its SMA200. UBSI registered 2.26% gain for a year compared to 6-month loss of -1.10%. The firm has a 50-day simple moving average (SMA 50) of $39.4778 and a 200-day simple moving average (SMA200) of $36.60285.
The stock witnessed a 2.28% gain in the last 1 month and extending the period to 3 months gives it a 1.05%, and is 0.26% 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 2.11% over the week and 2.31% over the month.
United Bankshares, Inc (UBSI) has around 2651 employees, a market worth around $5.21B and $1.61B in sales. Current P/E ratio is 14.03 and Fwd P/E is 12.46. Profit margin for the company is 23.13%. Distance from 52-week low is 25.49% and -13.35% from its 52-week high. The company has generated returns on investments over the last 12 months (6.63%).
The EPS is expected to shrink by -5.02% this year.
United Bankshares, Inc (UBSI) Top Institutional Holders
424.0 institutions hold shares in United Bankshares, Inc (UBSI), with institutional investors hold 70.59% of the company’s shares. The shares outstanding are 135.35M, and float is at 132.19M with Short Float at 2.10%. Institutions hold 69.22% 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 sale by NESSELROAD MARK R, the company’s Director. SEC filings show that NESSELROAD MARK R sold 6,000 shares of the company’s common stock on Dec 18 ’24 at a price of $39.16 per share for a total of $0.23 million. Following the sale, the insider now owns 35424.0 shares.
Still, SEC filings show that on Nov 26 ’24, MCNAMARA J PAUL (Director) disposed off 2,500 shares at an average price of $42.86 for $0.11 million. The insider now directly holds 63,409 shares of United Bankshares, Inc (UBSI).
