United Bankshares Inc. (NASDAQ: UBSI) kicked off on May 23, 2023, at the price of $30.10, up 0.56% from the previous trading day. During the day, the shares moved up to $31.05 and dropped to $30.10 before settling in for the closing price of $30.23. Over the past 52 weeks, UBSI has traded in a range of $27.68-$44.15.
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During the last 5-year period, the sales growth of Financial Sector giant was 9.90%. While this was happening, its average annual earnings per share was recorded -1.00%. With a float of $131.82 million, this company’s outstanding shares have now reached $134.41 million.
Let’s determine the extent of company efficiency that accounts for 2765 employees.
United Bankshares Inc. (UBSI) Insider Activity
Our next focus will be how large-scale investors are participating in this stock of the Banks – Regional Industry. The insider ownership of United Bankshares Inc. is 1.70%, while institutional ownership is 72.00%. The most recent insider transaction that took place on May 17, was worth 8,634. In this transaction Director of this company bought 300 shares at a rate of $28.78, taking the stock ownership to the 39,184 shares. Before that another transaction happened on May 16, when Company’s Director bought 3,500 for $28.49, making the entire transaction worth $99,715. This insider now owns 209,273 shares in total.
United Bankshares Inc. (UBSI) Earnings and Forecasts
In the latest quarterly report, which was put into the public domain on 3/30/2023, the organization reported $0.73 earnings per share (EPS), lower than consensus estimate (set at $0.74) by -$0.01. This company achieved a net margin of +34.26 while generating a return on equity of 8.20. Wall Street market experts anticipate that the next fiscal year will bring earnings of 0.66 per share during the current fiscal year.
According to the Wall Street analysts, stocks earnings will be around -1.00% per share during the next fiscal year. For the long-term projections, market analysts anticipate that the company’s EPS will surge by 8.00% during the next five years compared to 7.90% growth over the previous five years of trading.
United Bankshares Inc. (NASDAQ: UBSI) Trading Performance Indicators
Take a look at United Bankshares Inc.’s (UBSI) current performance indicators. Last quarter, stock had a price to sales ratio for the trailing twelve months stands at 3.70. Likewise, its price to free cash flow for the trailing twelve months is 10.90.
For the trailing twelve months, Company’s Diluted EPS (Earnings per Share) is 2.94, a number that is poised to hit 0.68 in the next quarter and is forecasted to reach 2.60 in one year’s time.
Technical Analysis of United Bankshares Inc. (UBSI)
Looking closely at United Bankshares Inc. (NASDAQ: UBSI), its last 5-days average volume was 0.71 million, which is a drop from its year-to-date volume of 0.74 million. As of the previous 9 days, the stock’s Stochastic %D was 78.90%. Additionally, its Average True Range was 1.20.
During the past 100 days, United Bankshares Inc.’s (UBSI) raw stochastic average was set at 18.42%, which indicates a significant decrease from 72.53% during the past two weeks. Based on volatility metrics of the stock, it showed a historical volatility of 38.61% in the past 14 days, which was higher than the 34.47% volatility it showed in the past 100 days.
At the time of writing, stock’s 50-day Moving Average is $33.06, while its 200-day Moving Average is $38.02. However, in the short run, United Bankshares Inc.’s stock first resistance to watch stands at $30.93. Second resistance stands at $31.47. The third major resistance level sits at $31.88. If the price goes on to break the first support level at $29.98, it is likely to go to the next support level at $29.57. Should the price break the second support level, the third support level stands at $29.03.
United Bankshares Inc. (NASDAQ: UBSI) Key Stats
The company with the Market Capitalisation of 4.18 billion has total of 134,934K Shares Outstanding. Its annual sales at the moment are 1,155 M in contrast with the sum of 379,630 K annual income. Company’s last quarter sales were recorded 362,050 K and last quarter income was 98,310 K.
