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NEW YORK ( TheStreet) -- United Bankshares (Nasdaq: UBSI) hit a new 52-week high Wednesday as it is currently trading at $29.71, above its previous 52-week high of $29.68 with 28,749 shares traded as of 10:15 a.m. ET. Average volume has been 435,700 shares over the past 30 days. United has a market cap of $1.47 billion and is part of the financial sector and banking industry. Shares are up 4.1% year to date as of the close of trading on Tuesday. United Bankshares, Inc., through its subsidiaries, provides commercial and retail banking services and products in the United States. The company has a P/E ratio of 18.3, above the average banking industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7.