United Bankshares, Inc. shares rise 1.51% intraday after Íslandsbanki hf. announces new round of buybacks.

United Bankshares, Inc. rose 1.51% in intraday trading. The company's stock price increase may be attributed to the announcement by Íslandsbanki hf. regarding the implementation of a share repurchase program, which involves buying back its own shares in the amount of ISK 15 billion. This news is generally seen as bullish for the stock, as it indicates that the company is confident in its future prospects and is looking to return value to shareholders.