United Bankshares (UBSI) Releases Earnings Results, Misses Expectations By $-0.05 EPS

United Bankshares (UBSI) reported quarterly earnings results on Thursday, Jul-28-2016. The company reported $0.44 earnings per share for the quarter, missing the analyst consensus estimate by $-0.05. Analysts had a consensus of $0.49. Analysts expectations of $119.90 million. During the same quarter in the previous year, the company posted $0.50 EPS.

United Bankshares closed down -0.5 points or -1.27% at $38.74 with 4,80,477 shares getting traded on Thursday. Post opening the session at $39.24, the shares hit an intraday low of $37.681 and an intraday high of $39.24 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

In a different news, on Feb 11, 2016, Peter A Converse (director) purchased 45 shares at $32.88 per share price. According to the SEC, on Feb 8, 2016, Darren K Williams (Executive Vice-President) purchased 352 shares at $33.96 per share price. On Feb 2, 2016, J Paul Mcnamara (director) purchased 1,000 shares at $33.19 per share price, according to the Form-4 filing with the securities and exchange commission.

United Bankshares Inc. (United) is a bank holding company. The Company has two banking subsidiaries (the Banking Subsidiaries): United Bank (WV) and United Bank (VA). 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. 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. As part of its lending function the Banking Subsidiaries offer credit card services.

United Bankshares

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