United Bankshares (UBSI) : Analyst Rating Update

United Bankshares (UBSI) : 3 analysts believe that the current prices are in a balance with the stocks fundamentals, hence they propose Hold on United Bankshares (UBSI). Zacks Investment Research suggests a Hold with a rank of 3.The median of all the 3 Wall Street Analysts endorse the stock as a Hold with a rating of 3.

United Bankshares (NASDAQ:UBSI): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $36.46 and $35.91 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $36.66. The buying momentum continued till the end and the stock did not give up its gains. It closed at $36.44, notching a gain of 0.61% for the day. The total traded volume was 358,106 . The stock had closed at $36.22 on the previous day.

The company shares have dropped -11.46% from its 1 Year high price. On Jul 23, 2015, the shares registered one year high at $43.43 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $38.03 and the 200 Day Moving Average price is recorded at $36.51.

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). Uniteds 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.

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