United Bankshares Inc. (UBSI) Soars 3.06% on March 01

Equities Staff  |

United Bankshares Inc. (UBSI) had a good day on the market for Monday March 01 as shares jumped 3.06% to close at $38.08. About 425,916 shares traded hands on 4,988 trades for the day, compared with an average daily volume of n/a shares out of a total float of 129.19 million. After opening the trading day at $37.88, shares of United Bankshares Inc. stayed within a range of $38.29 to $37.46.

With today's gains, United Bankshares Inc. now has a market cap of $4.92 billion. Shares of United Bankshares Inc. have been trading within a range of $39.39 and $19.67 over the last year, and it had a 50-day SMA of $n/a and a 200-day SMA of $n/a.

United Bankshares is a financial holding company that provides banking services. The company operates in two segments: community banking, which accepts deposits, makes loans (for personal, credit card, commercial, and construction uses), provides brokerage services, safe deposit boxes, and related services; and mortgage banking, which offers and acquires home mortgages through an indirectly owned subsidiary. Nearly all revenue comes from the community banking segment. The bank offers services in West Virginia, Virginia, Maryland, Ohio, Pennsylvania, and the District of Columbia.

United Bankshares Inc. is based out of Charleston, WV and has some 2,204 employees. Its CEO is Richard M. Adams.

For a complete fundamental analysis of United Bankshares Inc., check out Equities.com’s Stock Valuation Analysis report for UBSI.

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United Bankshares Inc. is also a component of the Russell 2000. The Russell 2000 is one of the leading indices tracking small-cap companies in the United States. It's maintained by Russell Investments, an industry leader in creating and maintaining indices, and consists of the smallest 2000 stocks from the broader Russell 3000 index.

Russell's indices differ from traditional indices like the Dow Jones Industrial Average (DJIA) or S&P 500, whose members are selected by committee, because they base membership entirely on an objective, rules based methodology. The 3,000 largest companies by market cap make up the Russell 3000, with the 2,000 smaller companies making up the Russell 2000. It's a simple approach that gives a broad, unbiased look at the small-cap market as a whole.

To get more information on United Bankshares Inc. and to follow the company’s latest updates, you can visit the company’s profile page here: UBSI’s Profile. For more news on the financial markets and emerging growth companies, be sure to visit Equities.com’s Newsdesk. Also, don’t forget to sign-up for our daily email newsletter to ensure you don’t miss out on any of our best stories.

All data provided by QuoteMedia and was accurate as of 4:30PM ET.

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