United Bankshares announces buyback of about 5% of shares

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United Bankshares announced a new plan to repurchase up to 6.8 million shares, representing about 5% of its issued and outstanding common stock. The company said it may buy back shares from time to time through open market purchases, privately negotiated transactions, or other means. The timing, price, and quantity of purchases will be at the discretion of management.

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Financials▲
United Bankshares Inc
UBSI
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Company announces buyback of ~5% of shares, typically supportive of stock price.