United BanksharesNASDAQ: UBSI

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.

United Bankshares (UBSI) is well-positioned for top-line growth with decent loan demand and improving fee income. A solid balance sheet and earnings keep the capital distribution prospects sustainable.

United Bankshares (UBSI) came out with quarterly earnings of $0.66 per share, missing the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.74 per share a year ago.

United Bankshares (UBSI) announces a hike of 2.8% in its quarterly cash dividend. This, along with share repurchases, will continue to enhance shareholders' value.

United Bankshares (UBSI) has been upgraded to a Zacks Rank #2 (Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.

United Bankshares has not recovered as much as other banks in the sector, with its stock still down 22.6% compared to earlier this year. The bank's deposit situation is promising, with a slight increase in deposits and only about 30% of deposits classified as uninsured. The bank's stock is trading at a higher multiple compared to other similar firms, leading to a 'hold' rating due to limited upside potential.