Mckinley Carter Wealth Services buys $667,585 stake in United Bankshares (UBSI)

United Bankshares (UBSI) : Mckinley Carter Wealth Services scooped up 297 additional shares in United Bankshares during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 1, 2016. The investment management firm now holds a total of 17,675 shares of United Bankshares which is valued at $667,585.United Bankshares makes up approximately 0.34% of Mckinley Carter Wealth Services’s portfolio.

Other Hedge Funds, Including , First Midwest Bank Trust Division boosted its stake in UBSI in the latest quarter, The investment management firm added 11,852 additional shares and now holds a total of 25,088 shares of United Bankshares which is valued at $984,453. United Bankshares makes up approx 0.12% of First Midwest Bank Trust Division’s portfolio. Miller Howard Investments Inc Ny sold out all of its stake in UBSI during the most recent quarter. The investment firm sold 7,457 shares of UBSI which is valued $289,332.United Bank reduced its stake in UBSI by selling 24,069 shares or 2.64% in the most recent quarter. The Hedge Fund company now holds 888,142 shares of UBSI which is valued at $34,459,910. United Bankshares makes up approx 15.32% of United Bank’s portfolio. Rockefeller Financial Services Inc sold out all of its stake in UBSI during the most recent quarter. The investment firm sold 8,300 shares of UBSI which is valued $322,040.

United Bankshares closed down -0.14 points or -0.37% at $37.63 with 1,57,063 shares getting traded on Thursday. Post opening the session at $37.67, the shares hit an intraday low of $37.58 and an intraday high of $37.99 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, United Bankshares reported $0.44 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Jul 28, 2016. Analyst had a consensus of $0.49.Analysts expectations of $ 119.90.During the same quarter in the previous year, the company posted $0.50 EPS.

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.

Leave a Reply

United Bankshares - Is it time to Sell?

Top Brokerage Firms are advising their investors on United Bankshares. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.