News articles about United Bankshares (NASDAQ:UBSI) have been trending somewhat positive on Wednesday, according to Accern Sentiment Analysis. The research firm ranks the sentiment of news coverage by analyzing more than twenty million news and blog sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores nearest to one being the most favorable. United Bankshares earned a news sentiment score of 0.17 on Accern’s scale. Accern also assigned news stories about the financial services provider an impact score of 46.8722417056978 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
United Bankshares (NASDAQ:UBSI) traded down $0.25 during trading on Wednesday, hitting $36.95. 636,225 shares of the stock were exchanged, compared to its average volume of 710,917. United Bankshares has a 12-month low of $31.70 and a 12-month high of $44.63. The company has a debt-to-equity ratio of 0.47, a quick ratio of 1.02 and a current ratio of 1.04. The company has a market cap of $3,928.56, a P/E ratio of 19.48, a PEG ratio of 1.88 and a beta of 1.05.
United Bankshares (NASDAQ:UBSI) last posted its earnings results on Tuesday, January 30th. The financial services provider reported $0.53 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.01. United Bankshares had a net margin of 19.93% and a return on equity of 6.28%. The firm had revenue of $187.62 million for the quarter, compared to the consensus estimate of $182.94 million. During the same period in the previous year, the firm posted $0.51 EPS. sell-side analysts forecast that United Bankshares will post 2.49 earnings per share for the current year.
A number of analysts have issued reports on UBSI shares. Zacks Investment Research upgraded shares of United Bankshares from a “hold” rating to a “strong-buy” rating and set a $42.00 price target on the stock in a report on Saturday, January 13th. BidaskClub downgraded shares of United Bankshares from a “hold” rating to a “sell” rating in a report on Thursday, December 7th. TheStreet upgraded shares of United Bankshares from a “c+” rating to a “b-” rating in a report on Wednesday, February 21st. Finally, Sandler O’Neill set a $38.00 price target on shares of United Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating and four have given a hold rating to the company. United Bankshares currently has an average rating of “Hold” and a consensus target price of $41.33.
In related news, Director Peter A. Converse sold 22,500 shares of the company’s stock in a transaction dated Wednesday, March 7th. The shares were sold at an average price of $37.74, for a total transaction of $849,150.00. Following the transaction, the director now directly owns 491,810 shares in the company, valued at approximately $18,560,909.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Peter A. Converse sold 69,020 shares of the company’s stock in a transaction dated Friday, February 16th. The shares were sold at an average price of $37.03, for a total transaction of $2,555,810.60. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 118,520 shares of company stock worth $4,405,311. Insiders own 6.23% of the company’s stock.
COPYRIGHT VIOLATION NOTICE: “United Bankshares (NASDAQ:UBSI) Getting Somewhat Positive News Coverage, Study Shows” was first posted by BBNS and is the sole property of of BBNS. If you are reading this report on another website, it was illegally stolen and reposted in violation of US & international copyright and trademark laws. The legal version of this report can be viewed at https://baseballnewssource.com/2018/03/14/united-bankshares-ubsi-receiving-somewhat-positive-media-coverage-report-finds/1927601.html.
About United Bankshares
United Bankshares, Inc (United) is a bank holding company. The Company operates through community banking segment. United’s Banking Subsidiaries offer a range of commercial and retail banking services and products. United, through its subsidiaries, engages in community banking and offers banking products and services permitted by law and regulation.
Receive News & Ratings for United Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for United Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.