Bank of America Corp DE Acquires Shares of 1,413,963 United Bankshares, Inc. $UBSI
MarketBeat
Bank of America Corp DE has acquired a new position of 1,413,963 shares in United Bankshares, Inc. (NASDAQ:UBSI), valued at approximately $64.8 million, giving it a 1.04% stake. This comes as other institutional investors have also increased their holdings, bringing total institutional ownership to 70.8%. United Bankshares recently reported strong quarterly earnings, surpassing analyst estimates for both EPS and revenue, and declared a quarterly dividend of $0.38 per share.
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