|Bid||37.33 x 1200|
|Ask||38.07 x 800|
|Day's Range||37.95 - 38.38|
|52 Week Range||29.13 - 40.70|
|Beta (3Y Monthly)||1.22|
|PE Ratio (TTM)||14.89|
|Earnings Date||Jan 27, 2020 - Jan 31, 2020|
|Forward Dividend & Yield||1.40 (3.70%)|
|1y Target Est||37.33|
NEW YORK, Nov. 21, 2019 -- The following statement is being issued by Levi & Korsinsky, LLP: To: All Persons or Entities who purchased United Bankshares, Inc. (“United” or.
Moody's Investors Service ("Moody's") has affirmed all the ratings and assessments of United Bank (United), the subsidiary bank of United Bankshares, Inc., following the company's announcement that it will acquire Carolina Financial Corporation. United has long- and short-term deposit ratings of A1 and Prime-1, respectively, and an issuer rating of Baa1.
United Bankshares' (UBSI) recent all-stock acquisition with Carolina Financial (CARO) reflects the companies' strategic efforts for business expansion with diversified products into the Southeast and Mid-Atlantic markets.
United Bank is making a big step to grow in the Carolinas. D.C.'s United Bankshares Inc. (NASDAQ: UBSI), United's parent company, announced Monday morning it has reached an agreement to acquire Carolina Financial Corp. (NASDAQ: CARO) in an all-stock transaction valued at $1.1 billion. Charleston, South Carolina's Carolina Financial is the holding company of CresCom Bank, the second-largest bank in the Carolinas with $3.98 billion in assets and 61 locations.
United Bankshares Inc. announced Monday a deal to buy Carolina Financial Corp. in a stock deal valued at $1.1 billion. Under terms of the deal, each Carolina Financial share will be exchanged for 1.13 United Bankshares shares. Based on Friday's stock closing prices, that values Charleston, South Carolina-based Carolina Financial shares at $44.65, or a 15.7% premium, and implies a market capitalization of about $993.4 million. The deal will result in a bank with combined assets of $25 billion. Shares of the regional banks are still inactive in premarket trading. Washington, D.C.-based United Bankshares' stock has rallied 27.0% year to date and Carolina Financial shares have run up 30.4%, while the SPDR S&P Regional Banking ETF has climbed 19.6% and the S&P 500 has advanced 24.5%.
United Bankshares, Inc. (“United”) (NASDAQ: UBSI), the parent company of United Bank (“United Bank”), and Carolina Financial Corporation (“Carolina Financial”) (NASDAQ: CARO), the parent company of CresCom Bank (“CresCom”), today announced that they have entered into a definitive merger agreement. The exchange ratio will be fixed at 1.13 of United’s shares for each share of Carolina Financial, resulting in an aggregate transaction value of approximately $1.1 billion.
Shares of Carolina Financial climbed Monday after United Bankshares said it would buy the regional banker in a $1.1 billion stock transaction. Carolina Financial advanced 8.9% to $42.03. United Bankshares was off 3.9% to $37.98.
United Bankshares, Inc. today announced that its Board of Directors declared a fourth quarter dividend of $0.35 per share for shareholders of record as of December 13, 2019.
United Bankshares, Inc. , will be participating in the D.A. Davidson Mid-Atlantic/Midwest Bank Tour in Philadelphia, PA on Tuesday, November 19, 2019.
Amid an overall bull market, many stocks that smart money investors were collectively bullish on surged through October 17th. Among them, Facebook and Microsoft ranked among the top 3 picks and these stocks gained 45% and 39% respectively. Our research shows that most of the stocks that smart money likes historically generate strong risk-adjusted returns. […]
United Bankshares (UBSI) delivered earnings and revenue surprises of 3.17% and 0.61%, respectively, for the quarter ended September 2019. Do the numbers hold clues to what lies ahead for the stock?
United Bankshares, Inc. , today reported earnings for the third quarter and the first nine months of 2019. Earnings for the third quarter of 2019 were $66.0 million, up from earnings of $64.4 million for the third quarter of 2018.
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United Bank is planning to open a second branch in Georgetown — this one at 3030 M St. NW. The United Bank branch will just take the center portion of the property, with 1,900 square feet on the first floor and then 600 square feet on an elevated mezzanine, according to a presentation provided to the D.C. Historic Preservation Office in advance of an Old Georgetown Board review. The branch will open early next spring, United Bank D.C. Market President Tim Veith said in an emailed statement.
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