United Bankshares (UBSI) : Traders are bullish on United Bankshares (UBSI) as it has outperformed the S&P 500 by a wide margin of 1.75% in the past 4 weeks. The bullishness in the stock continues even in the near-term as the stock has returned an impressive 1.4%, relative to the S&P 500. The stock has continued its bullish performance both in the near-term and the medium-term, as the stock is up 1.83% in the last 1 week, and is up 4.28% in the past 4 weeks. Buying continues as the stock moves higher, suggesting a strong appetite for the stock.
United Bankshares (NASDAQ:UBSI): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $38.06 and $37.83 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $39.00. The buying momentum continued till the end and the stock did not give up its gains. It closed at $39.00, notching a gain of 3.64% for the day. The total traded volume was 213,012 . The stock had closed at $37.63 on the previous day.
The stock has recorded a 20-day Moving Average of 1.29% and the 50-Day Moving Average is 2.48%. United Bankshares Inc. is up 4.81% in the last 3-month period. Year-to-Date the stock performance stands at 7.31%.
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.