Teton Advisors Inc. Has $300,000 Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Teton Advisors Inc. lessened its stake in United Bankshares, Inc. (NASDAQ:UBSI) by 5.9% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 8,000 shares of the financial services provider’s stock after selling 500 shares during the quarter. Teton Advisors Inc.’s holdings in United Bankshares were worth $300,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Mirae Asset Global Investments Co. Ltd. raised its position in United Bankshares by 58.6% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 91,471 shares of the financial services provider’s stock worth $3,435,000 after acquiring an additional 33,812 shares in the last quarter. Verity Asset Management Inc. raised its position in United Bankshares by 18.2% during the third quarter. Verity Asset Management Inc. now owns 22,816 shares of the financial services provider’s stock worth $629,000 after acquiring an additional 3,506 shares in the last quarter. New York State Common Retirement Fund raised its position in United Bankshares by 13.3% during the fourth quarter. New York State Common Retirement Fund now owns 664,599 shares of the financial services provider’s stock worth $24,956,000 after acquiring an additional 78,022 shares in the last quarter. Vaughan Nelson Investment Management L.P. raised its position in United Bankshares by 103.9% during the fourth quarter. Vaughan Nelson Investment Management L.P. now owns 1,142,091 shares of the financial services provider’s stock worth $42,885,000 after acquiring an additional 581,870 shares in the last quarter. Finally, Anchor Capital Advisors LLC raised its position in United Bankshares by 99.0% during the fourth quarter. Anchor Capital Advisors LLC now owns 50,560 shares of the financial services provider’s stock worth $1,899,000 after acquiring an additional 25,155 shares in the last quarter. Institutional investors and hedge funds own 70.80% of the company’s stock.

United Bankshares Stock Performance

Shares of UBSI traded up $0.55 during trading hours on Thursday, hitting $33.82. The company had a trading volume of 381,055 shares, compared to its average volume of 552,477. The firm has a market cap of $4.57 billion, a price-to-earnings ratio of 12.70 and a beta of 1.01. The business has a fifty day moving average of $34.10 and a 200-day moving average of $34.09. United Bankshares, Inc. has a 12 month low of $25.35 and a 12 month high of $38.74. The company has a quick ratio of 0.99, a current ratio of 1.00 and a debt-to-equity ratio of 0.36.

United Bankshares (NASDAQ:UBSI) last issued its quarterly earnings data on Thursday, April 25th. The financial services provider reported $0.64 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.01). United Bankshares had a net margin of 22.51% and a return on equity of 7.72%. The company had revenue of $401.39 million during the quarter, compared to the consensus estimate of $256.80 million. During the same period in the previous year, the company earned $0.74 earnings per share. Equities analysts anticipate that United Bankshares, Inc. will post 2.63 EPS for the current fiscal year.

United Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a $0.37 dividend. The ex-dividend date was Thursday, March 7th. This represents a $1.48 annualized dividend and a dividend yield of 4.38%. United Bankshares’s dividend payout ratio (DPR) is presently 56.49%.

Analyst Ratings Changes

Several analysts have issued reports on UBSI shares. Raymond James upped their price target on shares of United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a research report on Friday, January 5th. Stephens dropped their price target on shares of United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research report on Friday, April 26th.

United Bankshares Profile

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.