BUZZ-United Bankshares rises after unveiling buyback program
Regional lender United Bankshares’shares rise 4% to $37.18 UBSI unveils plan to repurchase up to 5 million shares, or 3.6% of its outstanding sharesRepurchases may be made through open market and privately negotiated transactionsUBSI purchased 1.1 million shares between October 1 and November 20Two of five brokerages rate the stock “buy” or higher and three “hold”; median PT $40 - data compiled by LSEGAs of last close, UBSI stock down 4.8% YTD
Regional lender United Bankshares’ (UBSI.O) shares rise 4% to $37.18 UBSI unveils plan to repurchase up to 5 million shares, or 3.6% of its outstanding shares
Repurchases may be made through open market and privately negotiated transactions
UBSI purchased 1.1 million shares between October 1 and November 20
Two of five brokerages rate the stock “buy” or higher and three “hold”; median PT $40 - data compiled by LSEG
As of last close, UBSI stock down 4.8% YTD
