Why Buffett, Bezos, & Congress Are Piling Into This One Sector

Why are Warren Buffett, Jeff Bezos, Michael Bloomberg, “The Walmart Family”, Bill Gates, and 48 members of Congress shifting their stocks in a frenzy? And why are they all piling into ONE unique corner of the market…

Peter Converse Biography and Net Worth

Director of United Bankshares

Mr. Converse is the former President and Chief Executive Officer of Virginia Commerce Bancorp, Inc., and Virginia Commerce Bank. He has been a director of the Company since 2014.

Mr. Converse has extensive banking experience of over 40 years. He joined Virginia Commerce Bancorp, Inc. in January 1994 as President and Chief Executive Officer, as well as served on their board for over 20 years. Prior to that, he was the Senior Vice President, Chief Lending Officer for Federal Capital Bank from March 1992 to December 1993; Senior Vice President of Bank of Maryland from October 1990 to March 1992; and Executive Vice President, Chief Lending Officer for Century National Bank from May 1986 to July 1990 and Senior Vice President, Chief Lending Officer for Central National Bank from July 1979 to April 1986. He brings this experience with him as a member of the Executive Committee.

What is Peter A. Converse's net worth?: The estimated net worth of Peter A. Converse is at least $17.74 million as of August 21st, 2018. Mr. Converse owns 471,810 shares of United Bankshares stock worth more than $17,744,774 as of November 2nd. This net worth approximation does not reflect any other assets that Mr. Converse may own. Learn More about Peter A. Converse's net worth.
How do I contact Peter A. Converse?: The corporate mailing address for Mr. Converse and other United Bankshares executives is 300 UNITED CTR 500 VIRGINIA ST E, CHARLESTON WV, 25301. United Bankshares can also be reached via phone at (304) 424-8716. Learn More on Peter A. Converse's contact information.
Has Peter A. Converse been buying or selling shares of United Bankshares?: Peter A. Converse has not been actively trading shares of United Bankshares over the course of the past ninety days. Most recently, Peter A. Converse sold 47,607 shares of the business's stock in a transaction on Friday, March 5th. The shares were sold at an average price of $39.16, for a transaction totalling $1,864,290.12. Learn More on Peter A. Converse's trading history.
Who are United Bankshares' active insiders?: United Bankshares' insider roster includes Richard Adams, Sr. (Chairman), Peter Converse (Director), J. McNamara (Director), Mark Nesselroad (Director), Jerry Rexroad (EVP), Lacy Rice, III (Director), and Gary White (Director). Learn More on United Bankshares' active insiders.

Peter A. Converse Insider Trading History at United Bankshares

Transaction Date	Buy/Sell	Number of Shares	Average Share Price	Total Transaction	Shares Held After Transaction
3/5/2021	Sell	47,607	$39.16	$1,864,290.12
8/21/2018	Sell	2,500	$39.50	$98,750.00	471,810
8/14/2018	Sell	5,000	$39.00	$195,000.00	474,310
3/7/2018	Sell	22,500	$37.74	$849,150.00	491,810
2/16/2018	Sell	69,020	$37.03	$2,555,810.60
8/14/2017	Buy	3,000	$33.15	$99,450.00
11/15/2016	Sell	21,000	$44.92	$943,320.00	598,882
2/11/2016	Buy	45	$32.88	$1,479.60	618,882
2/8/2016	Buy	850	$33.50	$28,475.00	618,882
2/4/2016	Buy	19,700	$33.99	$669,603.00
6/17/2014	Sell	14,023	$31.66	$443,968.18

Peter A. Converse Buying and Selling Activity at United Bankshares

United Bankshares Company Overview

United Bankshares, Inc., through its subsidiaries, primarily provides commercial and retail banking products and services in the United States. It operates through two segments, Community Banking and Mortgage Banking. The company accepts checking, savings, and time and money market accounts; individual retirement accounts; and demand deposits, statement and special savings, and NOW accounts. Its loan products include commercial loans and leases to small to mid-size industrial and commercial companies; construction and real estate loans, such as commercial and residential mortgages, and loans secured by owner-occupied real estate; personal, student, credit card receivables, personal, commercial, and floor plan loans; and home equity loans. In addition, the company provides credit cards; safe deposit boxes, wire transfers, and other banking products and services; investment and security services; services to correspondent banks, including buying and selling federal funds; automated teller machine services; and internet and telephone banking services. Further, it offers community banking services, such as asset management, real property title insurance, financial planning, mortgage banking, and brokerage services, as well as investment management and retirement planning services. United Bankshares, Inc. was incorporated in 1982 and is headquartered in Charleston, West Virginia.

Today's Range

Now: $37.61

$37.52

$37.99

50 Day Range

MA: $37.31

$35.53

$38.87

2 Week Range

Now: $37.61

$28.77

$39.93

Volume

582,896 shs

Average Volume

445,483 shs

Market Capitalization

$5.09 billion

P/E Ratio

14.25

Dividend Yield

3.93%

Beta

0.98

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