Taking a Closer Look At United Bankshares Inc. (UBSI) Following Its Recent Trade


United Bankshares Inc.’s recently made public that its Chairman of the Board ADAMS RICHARD M SR acquired Company’s shares for reported $1845.0 on Jan 30. In the deal valued at $39.25 per share,47 shares were bought. As a result of this transaction, ADAMS RICHARD M SR now holds 21,579 shares worth roughly $ 0.88 million.

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Then, MCNAMARA J PAUL sold 2,500 shares, generating $106,881 in total proceeds. Upon selling the shares at $42.75, the Director now owns 62,699 shares.

Before that, ADAMS RICHARD M SR bought 7,776 shares. United Bankshares Inc. shares valued at $261,274 were divested by the Chairman of the Board at a price of $33.60 per share. As a result of the transaction, ADAMS RICHARD M SR now holds 20,557 shares, worth roughly $0.84 million.

PT values the company’s stock at a premium of 7.34 to its Tuesday closing price. Janney began covering UBSI with “Buy” recommendation on September 06, 2022. DA Davidson revised its rating on December 15, 2021. It rated UBSI as “a Neutral” which previously was an “a Buy”.

Price Performance Review of UBSI

On Tuesday, United Bankshares Inc. [NASDAQ:UBSI] saw its stock fall -0.10% to $40.77. On the same session, the stock had its day’s lowest price of $40.73, but rose to a high of $41.21. Over the last five days, the stock has lost -0.22%. United Bankshares Inc. shares have risen nearly 0.69% since the year began. Nevertheless, the stocks have risen 11.36% over the past one year. While a 52-week high of $44.15 was reached on 02/03/23, a 52-week low of $33.11 was recorded on 01/19/23. SMA at 50 days reached $40.38, while 200 days put it at $38.67. A total of 0.78 million shares were traded, compared to the trading of 0.37 million shares in the previous session.

Levels Of Support And Resistance For UBSI Stock

The 24-hour chart illustrates a support level at 40.60, which if violated will result in even more drops to 40.42. On the upside, there is a resistance level at 41.08. A further resistance level may holdings at 41.38. The Relative Strength Index (RSI) on the 14-day chart is 48.62, which indicates neutral technical sentiment, while the Moving Average Convergence Divergence (MACD) stands at -0.37, which suggests price will go down in the next trading period. Percent R suggests that price movement has been bearish at 77.42%. Stochastics %K at 23.99% indicates the stock is a holding.

How much short interest is there in United Bankshares Inc.?

A steep rise in short interest was recorded in United Bankshares Inc. stocks on Jan 12, 2023, dropping by -0.38 million shares to a total of 3.22 million shares. Yahoo Finance data shows the prior-month short interest on Dec 14, 2022 was 3.6 million shares. There was a decline of -11.8%, which implies that there is a negative sentiment for the stock. In spite of short shares comprising just 2.80% of the overall stock float, the days-to-cover ratio (short ratio) fell to 5.38.

United Bankshares Inc. [UBSI] – Who Are The Largest Shareholders?

In filings from BlackRock Fund Advisors, it is revealed that the company now owns 18,156,017 shares, or roughly 13.48% of the outstanding UBSI shares. In other words, the investor’s shares have risen by 802,800 from its previous 13-F filing of 17353217.0. Additionally, SSgA Funds Management, Inc. decreased -7.27% of its stake after which the total value it holdings stand at $572,605,584, while The Vanguard Group, Inc. added 2.11% of its stake to hold $554.15 million in the firm. Over the last quarter, Dimensional Fund Advisors LP purchased 245,229 shares of United Bankshares Inc., while Silvercrest Asset Management Grou bought -75,457 shares. At present, EARNEST Partners LLC is holding 3,110,186 shares valued at $125.03 million. Geode Capital Management LLC owned 2,556,879 shares of the company at the time of its most recent 13F filing, worth $102.79 million.

According to FactSet, United Bankshares Inc.’s share price will average $41.20 in the next year, based on opinions of analysts polled by the firm. This is up nearly 0.47 percent from its previous closing price of $40.81. Analysts expect United Bankshares Inc. stock to reach the higher price of $44.00, while the lowest price estimate is $38.00. However, 5 analysts have rated UBSI stock as a Hold in their predictions for 2023.


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