United Stock Hits New 52-Week High (UBSI)

NEW YORK ( TheStreet) -- United Bankshares (Nasdaq: UBSI) hit a new 52-week high Friday as it is currently trading at $30.63, above its previous 52-week high of $30.61 with 77,187 shares traded as of 9:34 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 8.1% year to date as of the close of trading on Thursday.

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 18.7, above the average banking industry P/E ratio of 17.8 and above the S&P 500 P/E ratio of 17.7.

TheStreet Ratings rates United as a buy. The company's strengths can be seen in multiple areas, such as its revenue growth, increase in net income, expanding profit margins, good cash flow from operations and solid stock price performance. We feel these strengths outweigh the fact that the company has had somewhat disappointing return on equity. You can view the full United Ratings Report.

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