Teton Advisors Inc. Cuts Stock Holdings in United Bankshares, Inc. (NASDAQ:UBSI)

Teton Advisors Inc. trimmed its position in shares of United Bankshares, Inc. (NASDAQ:UBSI) by 5.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund 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 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. boosted its holdings in United Bankshares by 58.6% during the 4th 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 during the last quarter. Verity Asset Management Inc. boosted its holdings in United Bankshares by 18.2% during the 3rd 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 during the last quarter. New York State Common Retirement Fund boosted its holdings in United Bankshares by 13.3% during the 4th 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 during the last quarter. Vaughan Nelson Investment Management L.P. raised its stake in shares of United Bankshares by 103.9% during the 4th 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 purchasing an additional 581,870 shares during the period. Finally, Anchor Capital Advisors LLC raised its stake in shares of United Bankshares by 99.0% during the 4th quarter. Anchor Capital Advisors LLC now owns 50,560 shares of the financial services provider’s stock worth $1,899,000 after purchasing an additional 25,155 shares during the period. 70.80% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

UBSI has been the topic of a number of recent analyst reports. Raymond James lifted their target price on United Bankshares from $38.00 to $41.00 and gave the stock an “outperform” rating in a research note on Friday, January 5th. Stephens lowered their target price on United Bankshares from $36.00 to $34.00 and set an “equal weight” rating on the stock in a research note on Friday, April 26th.

United Bankshares Stock Performance

Shares of NASDAQ UBSI traded up $0.55 during mid-day trading on Thursday, reaching $33.82. 381,055 shares of the company’s stock were exchanged, compared to its average volume of 552,477. The firm has a market capitalization of $4.57 billion, a price-to-earnings ratio of 12.70 and a beta of 1.01. United Bankshares, Inc. has a 52 week low of $25.35 and a 52 week high of $38.74. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.00 and a quick ratio of 0.99. The firm has a 50-day moving average price of $34.10 and a two-hundred day moving average price of $34.09.

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

United Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 8th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.38%. The ex-dividend date of this dividend was Thursday, March 7th. United Bankshares’s dividend payout ratio is currently 56.49%.

United Bankshares Company 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.