BUZZ-United Bankshares rises after unveiling buyback program** 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
(Reporting by Arasu Kannagi Basil in Bengaluru)
((ArasuKannagi.Basil@thomsonreuters.com;))
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments