The stock of United Bankshares, Inc. (NASDAQ:UBSI) reached all time high today, Nov, 23 and still has $50.59 target or 9.00% above today’s $46.41 share price. This indicates more upside for the $3.59 billion company. This technical setup was reported by Barchart.com. If the $50.59 PT is reached, the company will be worth $323.10 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 37,275 shares traded hands. United Bankshares, Inc. (NASDAQ:UBSI) has risen 21.70% since April 21, 2016 and is uptrending. It has outperformed by 16.37% the S&P500.
Analysts await United Bankshares, Inc. (NASDAQ:UBSI) to report earnings on January, 26. They expect $0.51 EPS, up 6.25% or $0.03 from last year’s $0.48 per share. UBSI’s profit will be $39.45M for 22.75 P/E if the $0.51 EPS becomes a reality. After $0.54 actual EPS reported by United Bankshares, Inc. for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.
United Bankshares, Inc. (NASDAQ:UBSI) Ratings Coverage
Out of 3 analysts covering United Bankshares Inc. (NASDAQ:UBSI), 0 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 0 are positive. United Bankshares Inc. has been the topic of 4 analyst reports since August 4, 2015 according to StockzIntelligence Inc. Wood maintained United Bankshares, Inc. (NASDAQ:UBSI) rating on Monday, August 22. Wood has “Market Perform” rating and $38 price target.
According to Zacks Investment Research, “United Bankshares, Inc. is a bank holding company whose business is the operation of its bank subsidiaries. All of United’s subsidiary banks are full-service commercial banks. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans; and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking products and services.”
Insitutional Activity: The institutional sentiment increased to 2.26 in Q2 2016. Its up 1.10, from 1.16 in 2016Q1. The ratio increased, as 12 funds sold all United Bankshares, Inc. shares owned while 56 reduced positions. 15 funds bought stakes while 64 increased positions. They now own 39.03 million shares or 0.06% more from 39.01 million shares in 2016Q1.
Ntv Asset Limited Co holds 0.78% or 55,076 shares in its portfolio. Tudor Investment Corporation Et Al reported 6,562 shares or 0.01% of all its holdings. Proshare Advsrs Lc owns 67,820 shares or 0.03% of their US portfolio. Norinchukin Bancorp The holds 23,200 shares or 0.02% of its portfolio. The California-based Shelton Cap Mgmt has invested 0.02% in United Bankshares, Inc. (NASDAQ:UBSI). Royal National Bank Of Canada has invested 0.01% of its portfolio in United Bankshares, Inc. (NASDAQ:UBSI). Moreover, Aqr Cap Mngmt Lc has 0% invested in United Bankshares, Inc. (NASDAQ:UBSI) for 16,713 shares. Pub Employees Retirement Association Of Colorado last reported 0% of its portfolio in the stock. Bb&T Securities Ltd Liability Corporation has 0% invested in the company for 6,367 shares. Da Davidson & owns 92 shares or 0% of their US portfolio. Allianz Asset Management Ag holds 15,562 shares or 0% of its portfolio. Vanguard has 0.01% invested in the company for 5.27M shares. Geode Cap Management Lc holds 482,028 shares or 0.01% of its portfolio. Lvw Lc accumulated 6,101 shares or 0.09% of the stock. The Nebraska-based First Bancorporation Of Omaha has invested 0.05% in United Bankshares, Inc. (NASDAQ:UBSI).
Insider Transactions: Since November 15, 2016, the stock had 0 buys, and 3 selling transactions for $4.53 million net activity. On Tuesday, November 22 the insider ASTORG ROBERT G sold $4,582. 21,000 shares were sold by CONVERSE PETER A, worth $943,320 on Tuesday, November 15. Another trade for 79,586 shares valued at $3.59 million was made by Fitzgerald Michael P on Wednesday, November 16.
More news for United Bankshares, Inc. (NASDAQ:UBSI) were recently published by: Businesswire.com, which released: “United Bankshares, Inc. and Cardinal Financial Corporation Announce Merger …” on August 18, 2016. Businesswire.com‘s article titled: “United Bankshares, Inc. to Participate in Sandler O’Neill East Coast Financial …” and published on November 15, 2016 is yet another important article.
UBSI Company Profile
United Bankshares, Inc. (United), incorporated on March 26, 1982, is a bank holding company. The Firm 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). The Firm operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United also owns nonbank subsidiaries, which engage in other community banking services, such as asset management, real property title insurance, financial planning, and brokerage services. United, through its subsidiaries, engages in community banking and offers banking services and products permitted by law and regulation. Included among the banking services offered are the acceptance of deposits in checking, savings, time and money market accounts; the making and servicing of personal, commercial, floor plan and student loans, and the making of construction and real estate loans. Also offered are individual retirement accounts, safe deposit boxes, wire transfers and other standard banking services and products. As part of its lending function, the Banking Subsidiaries offer credit card services.
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