Teacher Retirement System of Texas Sells 12,555 Shares of United Bankshares, Inc. (NASDAQ:UBSI)

Teacher Retirement System of Texas trimmed its holdings in United Bankshares, Inc. (NASDAQ:UBSI - Free Report) by 38.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 20,442 shares of the financial services provider's stock after selling 12,555 shares during the period. Teacher Retirement System of Texas' holdings in United Bankshares were worth $768,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently made changes to their positions in the business. SBI Securities Co. Ltd. acquired a new stake in shares of United Bankshares in the 4th quarter worth about $26,000. Jones Financial Companies Lllp raised its stake in shares of United Bankshares by 55.8% in the fourth quarter. Jones Financial Companies Lllp now owns 866 shares of the financial services provider's stock worth $33,000 after purchasing an additional 310 shares during the last quarter. Wilmington Savings Fund Society FSB lifted its holdings in shares of United Bankshares by 1,921.1% in the fourth quarter. Wilmington Savings Fund Society FSB now owns 1,435 shares of the financial services provider's stock valued at $54,000 after purchasing an additional 1,364 shares in the last quarter. Principal Securities Inc. boosted its position in shares of United Bankshares by 10.1% during the fourth quarter. Principal Securities Inc. now owns 3,115 shares of the financial services provider's stock valued at $117,000 after buying an additional 285 shares during the last quarter. Finally, Hopwood Financial Services Inc. purchased a new position in shares of United Bankshares during the fourth quarter valued at approximately $117,000. 70.80% of the stock is owned by institutional investors.

United Bankshares Stock Performance

Shares of NASDAQ UBSI traded down $2.37 during trading on Thursday, reaching $32.34. 1,283,070 shares of the stock traded hands, compared to its average volume of 570,024. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.98 and a quick ratio of 0.98. The stock has a market capitalization of $4.63 billion, a P/E ratio of 11.80 and a beta of 0.91. United Bankshares, Inc. has a 52-week low of $30.68 and a 52-week high of $44.43. The company has a 50-day moving average of $36.25 and a 200-day moving average of $37.93.

United Bankshares (NASDAQ:UBSI - Get Free Report) last released its quarterly earnings data on Friday, January 24th. The financial services provider reported $0.69 EPS for the quarter, beating the consensus estimate of $0.68 by $0.01. United Bankshares had a net margin of 22.94% and a return on equity of 7.60%. During the same quarter in the prior year, the firm earned $0.59 EPS. Analysts forecast that United Bankshares, Inc. will post 2.81 EPS for the current fiscal year.

United Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, April 1st. Investors of record on Friday, March 14th were paid a $0.37 dividend. The ex-dividend date was Friday, March 14th. This represents a $1.48 dividend on an annualized basis and a yield of 4.58%. United Bankshares's dividend payout ratio is 54.01%.

Insider Buying and Selling at United Bankshares

In related news, Director Sara Dumond bought 2,600 shares of United Bankshares stock in a transaction on Monday, March 24th. The stock was acquired at an average price of $35.01 per share, with a total value of $91,026.00. Following the acquisition, the director now directly owns 5,054 shares of the company's stock, valued at $176,940.54. This represents a 105.95 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 3.66% of the company's stock.

Analysts Set New Price Targets

Several equities analysts have weighed in on UBSI shares. Stephens restated an "equal weight" rating and set a $43.00 price objective on shares of United Bankshares in a research note on Monday, January 27th. Piper Sandler reissued a "neutral" rating and set a $38.50 price target on shares of United Bankshares in a research report on Wednesday, March 12th. StockNews.com cut shares of United Bankshares from a "hold" rating to a "sell" rating in a report on Monday, January 27th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of United Bankshares from $46.00 to $45.00 and set a "market perform" rating for the company in a research note on Monday, January 27th. One research analyst has rated the stock with a sell rating and four have assigned a hold rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus target price of $41.88.

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.