United Bankshares (UBSI) Stock

WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--United Bankshares, Inc. has raised its dividends for the 51st year in a row.

A Dividend King is a stock that has raised its dividends for 50 or more consecutive years, according to suredividend.com. As of October 8, there were 53 Dividend Kings across 8 out of 11 Morningstar sectors, with expected net gains for the top ten stocks ranging from 13.99% to 20.65%, led by Northwest Natural and United Bankshares. Altria has the highest yield, while the top ten "October dogs" had an average yield of 4.87%.

United Bankshares (UBSI) is still considered a good investment because it is undervalued when looking at its tangible book value per share and has consistently increased its dividends for 50 years. The bank shows strength through its stable net interest margin, careful management of its investment portfolio, successful acquisitions, and strong capital ratios. Additionally, its cautious approach to dividend growth makes it appealing for retirees looking for steady income, currently offering a yield of 3.94%.

United Bankshares, Inc. is a solid investment option for dividend growth, especially with the potential for gains as interest rates drop and loan activity rises, making it a worthwhile purchase below $40. The Q2 report highlights impressive results, with revenues reaching $255.9 million due to growth in loans and deposits, along with better net interest margins. The company's asset quality is also strong, as nonperforming loans have decreased and net charge-offs remain stable, showing effective risk management even with increasing consumer debt.

United Bankshares (UBSI) came out with quarterly earnings of $0.71 per share, beating the Zacks Consensus Estimate of $0.65 per share. This compares to earnings of $0.68 per share a year ago.

United Bankshares is a financial holding company with increasing dividends for 50 years in a row and a high dividend yield of 4.58%. The acquisition of Piedmont Bancorp in Georgia is expected to boost UBSI's long-term growth and profitability. Despite modest growth expectations for 2024, UBSI's solid financials and reasonable valuation make it a potential buy for investors.

The acquisition of Piedmont by United Bankshares (UBSI) will enhance the latter's presence in the Mid-Atlantic and Southeast markets.

The key metrics for United Bankshares (UBSI) in the quarter ended March 2024 provide a glimpse into the company's performance, but it could be beneficial to compare them to Wall Street forecasts and last year's results.

United Bankshares (UBSI) reported quarterly earnings of $0.64 per share, falling short of the Zacks Consensus Estimate of $0.65 per share. This is lower than the earnings of $0.73 per share from the same quarter last year.