Ascending Triangle Pattern Is Formed By United Bankshares, Inc. (UBSI) at $34.50

April 16, 2018 - By Damon Whitfield

During Q4 2017 the big money sentiment decreased to 1.21. That’s change of 0.23, from 2017Q3’s 1.44. 16 investors sold all, 64 reduced holdings as United Bankshares, Inc. ratio dropped. 70 increased stakes while 27 funds bought stakes. Funds hold 69.78 million shares thus 3.29% more from 2017Q3’s 67.55 million shares.
First Midwest Fincl Bank Tru Division stated it has 15,553 shs. Td Asset Management Inc owns 0% invested in United Bankshares, Inc. (NASDAQ:UBSI) for 23,135 shs. Palladium Prtnrs Ltd Liability Com invested in 17,271 shs. Stratos Wealth Prtnrs owns 0% invested in United Bankshares, Inc. (NASDAQ:UBSI) for 679 shs. Glg L P holds 0.12% in United Bankshares, Inc. (NASDAQ:UBSI) or 71,927 shs. Staley Advisers has 0.55% invested in United Bankshares, Inc. (NASDAQ:UBSI) for 205,569 shs. Liberty Mutual Gru Asset Mgmt holds 26,645 shs or 0.03% of its capital. Amer Group reported 282,456 shs stake. Citadel Limited Liability Corporation reported 358,303 shs. Earnest Prns Limited Liability Corp holds 0.72% of its capital in United Bankshares, Inc. (NASDAQ:UBSI) for 2.16M shs. Janney Cap Ltd Liability Co reported 0.02% of its capital in United Bankshares, Inc. (NASDAQ:UBSI). Texas Permanent School Fund has 0.03% invested in United Bankshares, Inc. (NASDAQ:UBSI). Riverhead Capital Management Limited Liability Co reported 0.01% stake. Cardinal Cap Mgmt Ltd Com Ct reported 600,945 shs stake. Voya Invest Mgmt Limited Com holds 42,023 shs or 0% of its capital.

United Bankshares, Inc. registered $4.41 million net activity with 0 insider buys and 3 sales since February 2, 2018. Shares for $2.56M were sold by CONVERSE PETER A on Friday, February 16.

United Bankshares, Inc. (UBSI)’s chart indicates an ascending triangle with $31.40 price target. That’s 9.00 % below today’s $34.50 price per share. The triangle setup formed indicates high risk. The valuation of UBSI can change by $326.43M if our $31.40 price target is touched.

$34.5 was the last price.It’s downtrending since April 16, 2017 and is 13.81% down. UBSI underperformed by 25.36% the S&P500.

Analysts await United Bankshares, Inc. (NASDAQ:UBSI) to report earnings on April, 26. They expect $0.61 earnings per share, up 27.08 % or $0.13 from last year’s $0.48 per share. UBSI’s profit will be $64.13 million for 14.14 P/E if the $0.61 EPS becomes a reality. After $0.53 actual earnings per share reported by United Bankshares, Inc. for the previous quarter, Wall Street now forecasts 15.09 % EPS growth.

United Bankshares, Inc. (NASDAQ:UBSI) Ratings Coverage

In total 3 analysts cover United Bankshares (NASDAQ:UBSI). “Buy” rating has 0, “Sell” are 0, while 3 are “Hold”. 0 are bullish. 5 are the (NASDAQ:UBSI)’s analyst reports since October 27, 2017 according to StockzIntelligence Inc. On Friday, November 3 the firm has “Hold” rating by Keefe Bruyette & Woods given. On Friday, October 27 Boenning & Scattergood maintained the shares of UBSI in report with “Hold” rating. The stock rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The stock rating was maintained by Sandler O’Neill with “Hold” on Thursday, January 4. The stock rating was maintained by Boenning & Scattergood with “Hold” on Tuesday, January 30.

United Bankshares, Inc. (NASDAQ:UBSI) Institutional Investors Chart

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