UBSI Stock Summary and Trading Ideas (United Bankshares | NASDAQ:UBSI)

United Bankshares Inc 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.

United Bankshares trades on the NASDAQ stock market under the symbol UBSI.

As of April 24, 2024, UBSI stock price climbed to $34.76 with 407,175 million shares trading.

UBSI has a beta of 1.26, meaning it tends to be more sensitive to market movements. UBSI has a correlation of 0.20 to the broad based SPY ETF.

UBSI has a market cap of $4.69 billion. This is considered a Mid Cap stock.

Last quarter United Bankshares reported $263 million in Revenue and $.66 earnings per share. This beat revenue expectation by $4 million and exceeded earnings estimates by $.01.

In the last 3 years, UBSI stock traded as high as $44.15 and as low as $25.35.

The top ETF exchange traded funds that UBSI belongs to (by Net Assets): VTI, IJH, VB, IWM, DVY.

UBSI has underperformed the market in the last year with a return of +7.4%, while the SPY ETF gained +24.1%. In the last 3 month period, UBSI fell short of the market, returning -5.2%, while SPY returned +4.5%. However, in the most recent 2 weeks UBSI has outperformed the stock market by returning +4.9%, while SPY returned -1.7%.

UBSI support price is $33.92 and resistance is $35.24 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that UBSI stock will trade within this expected range on the day.