United BanksharesNASDAQ: UBSI

WASHINGTON & CHARLESTON, W. Va.--(BUSINESS WIRE)--51st Consecutive Year of Dividend Increases for United Bankshares, Inc.

A Dividend King is a stock with 50 or more consecutive years of dividend increases per suredividend.com. The 53 Dividend Kings, screened as of October 8, represented 8 of 11 Morningstar Sectors. Broker-targeted top-ten net-gains ranged 13.99%-20.65% topped by Northwest Natural and United Bankshares. By yield, Altria tops all. Top-ten October dogs: HRL, KVUE, FRT, UBSI, FTS, BKH, NWN, CDUAF, UVV, and MO averaged 4.87% in yield.

United Bankshares (UBSI) remains a buy due to its undervaluation based on TBV per share and its 50-year streak of rising dividends. UBSI's stable NIM, strategic investment portfolio management, successful acquisitions, and solid capital ratios demonstrate its resilience. United's conservative dividend growth makes it attractive for retirees seeking reliable income, with a current yield of 3.94%.

United Bankshares, Inc. is a dividend growth play with upside, benefiting from rate cuts and increased loan activity, making it a good buy under $40. The Q2 report shows strong performance with revenues of $255.9 million, driven by loan and deposit growth, and improving net interest margins. Asset quality remains strong with nonperforming loans decreasing and stable net charge-offs, indicating well-managed risk despite rising 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.