United Bankshares (UBSI) Releases Earnings Results, Beats Expectations By $0.02 EPS

United Bankshares (UBSI) reported quarterly earnings results on Thursday, Apr-28-2016. The company said it had a profit of $0.50 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.02. Analysts had a consensus of $0.48. Analysts expectations of $114.95 million. During the same quarter in the previous year, the company posted $0.50 EPS.

United Bankshares opened for trading at $38.63 and hit $38.77 on the upside on Wednesday, eventually ending the session at $38.59, with a gain of 0.23% or 0.09 points. The heightened volatility saw the trading volume jump to 2,58,892 shares. Company has a market cap of $2,687 M.

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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