Monday, February 05, 2018 10:15 PM ET
Insider Sale at United Bankshares WV (UBSI) Deemed Significant
One United Bankshares WV insider — Michael P Fitzgerald, Director — today, sold 27,000 shares having a market value of approximately $1,000,363, as disclosed in a form 4 document filed with the SEC. This is the first insider buy/sell trade in the past 90 days.
The level of buy-sell trades at United Bankshares WV is close to that of the 346 member peer company average. The Banks peer group saw 367 buy/sell trades during this period for an average of 1.1 transactions per company. However, trading at United Bankshares WV represents a lower number of shares per transaction. Within the peer group there were 180,549 shares purchased and 13,902,732 shares sold with company insiders selling 37,390 shares on average over this time period.
In order to focus on significant insider buying and selling activity, all trading activity reported to the SEC that involves awards, options, exercise of derivative securities, company buy-backs, taxes, gifts, shares acquired via inheritance and tenders or exchange offers has been eliminated data obtained to compose and write this story.
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