Stock Worth Watching: What’s Next for United Bankshares, Inc. After Making 52-Week High?

Stock Worth Watching: What's Next for United Bankshares, Inc. After Making 52 Week High?

The stock of United Bankshares, Inc. (NASDAQ:UBSI) hit a new 52-week high and has $48.59 target or 5.00% above today’s $46.28 share price. The 7 months bullish chart indicates low risk for the $3.58B company. The 1-year high was reported on Nov, 23 by Barchart.com. If the $48.59 price target is reached, the company will be worth $179.00 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 223,419 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 22.69 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) on Monday, August 22 with “Market Perform” rating.

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.
State Street has 0.02% invested in the company for 4.58M shares. Moreover, Sector Pension Invest Board has 0.02% invested in United Bankshares, Inc. (NASDAQ:UBSI) for 45,589 shares. Moreover, Capstone Asset Mngmt Co has 0.02% invested in United Bankshares, Inc. (NASDAQ:UBSI) for 19,272 shares. Janney Montgomery Scott Ltd last reported 0.09% of its portfolio in the stock. Alliancebernstein L P has 105,870 shares for 0% of their US portfolio. Bancorp Of America Corp De holds 0% or 299,128 shares in its portfolio. Gradient Invests Limited Liability Corporation has 0% invested in the company for 20 shares. Blackrock Institutional Tru Co Na accumulated 0.01% or 1.67M shares. Moreover, Ntv Asset Mngmt Lc has 0.78% invested in United Bankshares, Inc. (NASDAQ:UBSI) for 55,076 shares. Fmr Ltd Llc holds 5,752 shares or 0% of its portfolio. The Delaware-based Reliance Trust Of Delaware has invested 0.06% in United Bankshares, Inc. (NASDAQ:UBSI). Prudential Fin Inc last reported 197,357 shares in the company. Smith Graham Company Advisors Limited Partnership owns 163,895 shares or 0.85% of their US portfolio. Td Asset Inc accumulated 0% or 21,800 shares. The Minnesota-based Us Bank De has invested 0% in United Bankshares, Inc. (NASDAQ:UBSI).

Insider Transactions: Since November 15, 2016, the stock had 0 buys, and 3 sales for $4.53 million net activity. $4,582 worth of shares were sold by ASTORG ROBERT G on Tuesday, November 22. On Wednesday, November 16 the insider Fitzgerald Michael P sold $3.59M. CONVERSE PETER A sold $943,320 worth of United Bankshares, Inc. (NASDAQ:UBSI) on Tuesday, November 15.

Another recent and important United Bankshares, Inc. (NASDAQ:UBSI) news was published by Businesswire.com which published an article titled: “United Bankshares, Inc. and Cardinal Financial Corporation Announce Merger …” on August 18, 2016.

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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