United Bankshares Stock Price Trends and Outlook

United Bankshares stock price trends have been relatively stable over the past year, with a slight increase of 5% in the last quarter.

The bank's strong financial performance has contributed to this stability, with a net income of $43.7 million in the first quarter of 2022.

United Bankshares has a history of steady growth, with a compound annual growth rate (CAGR) of 6% over the past five years.

The bank's conservative lending practices and solid capital position have also helped to maintain investor confidence.

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United Bankshares has received final regulatory approvals for its proposed merger with Piedmont Bancorp, expanding its footprint into the greater Atlanta area.

The merger will create a combined organization with over $32 billion in assets and more than 240 locations across eight states and Washington, D.C.

The acquisition is expected to close in early 2025, with operational conversion anticipated in late first quarter 2025.

Here's a summary of the recent earnings reports for United Bankshares:

United Bankshares has made a significant move into the Atlanta market with its acquisition of Piedmont Bancorp. The merger will expand United's presence in the Southeast, creating a combined organization with over $32 billion in assets.

This acquisition marks United's 34th deal, with the company aiming to enhance customer service while maintaining relationship-based banking and local decision-making principles. Monty Watson, former Chairman and CEO of Piedmont, will serve as regional president for the former Piedmont locations.

The acquisition is expected to boost United's presence in the Atlanta area, with over 240 locations across nine states, including Georgia, South Carolina, North Carolina, Virginia, Maryland, Washington, D.C., West Virginia, Ohio, and Pennsylvania. United will acquire 100% of Piedmont's outstanding shares in exchange for United common shares.

The merger is expected to close in early 2025, with operational conversion anticipated in late first quarter 2025. This deal is valued at about $267 million, making it a significant move for United Bankshares in the regional banking industry.

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United Bankshares has a history of releasing quarterly earnings reports, with the most recent ones being for Q3 2024 and Q2 2024, where the actual EPS were $0.700 USD and $0.710 USD respectively.

These reports have been released on October 24th, 2024, and July 25th, 2024, respectively. The company also holds annual general meetings, with the last one being on May 15th, 2024.

The company's Q1 2024 earnings report was released on April 25th, 2024, with an actual EPS of $0.640 USD. This is a slight decrease from the Q1 2023 earnings report, which had an actual EPS of $0.730 USD.

Here are some key dates for United Bankshares' past events:

The company's Q4 2023 earnings report had an actual EPS of $0.590 USD, which is a decrease from the Q3 2023 earnings report, which had an actual EPS of $0.710 USD.

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United Bankshares's revenue took a slight hit in 2023, coming in at $1.02 billion, a decrease of -0.66% from the previous year's $1.03 billion.

The bank's earnings also saw a decline, falling to $365.43 million, a decrease of -3.48% compared to the previous year.

This decrease in earnings is worth noting, especially for investors looking at the bank's financial performance.

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United Bankshares has made a significant move in the banking industry by acquiring Piedmont Bancorp.

The acquisition is United's 34th, and it brings together two high-performing banking companies, strengthening United's presence in the Southeast and Mid-Atlantic regions.

The merged organization will have over $32 billion in assets and a network of over 240 locations across eight states and Washington, D.C.

This acquisition is part of a larger trend of consolidation in the U.S. regional banking industry, with United Bankshares agreeing to buy Piedmont Bancorp in a deal valued at about $267 million.

The merger is expected to close in early 2025, with operational conversion anticipated in late first quarter 2025, after receiving final regulatory approvals from the Federal Reserve and state banking authorities.

Monty Watson, former Chairman and CEO of Piedmont, will serve as regional president for the former Piedmont locations, ensuring a smooth transition and maintaining relationship-based banking and local decision-making principles.

United Bankshares will acquire 100% of Piedmont's outstanding shares in exchange for United common shares, expanding its footprint into the greater Atlanta area.

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United Bankshares's revenue in 2023 was $1.02 billion, a decrease of -0.66% from the previous year's $1.03 billion. This slight dip in revenue is worth noting, especially considering the overall trend.

The bank's earnings took a bigger hit, decreasing by -3.48% to $365.43 million compared to the previous year. This significant drop in earnings is a key factor to consider when evaluating the bank's financial performance.

A decrease of -3.48% might not seem like a lot, but in the world of finance, it can make a big difference. It's essential to keep an eye on these numbers to understand the bank's overall financial health.

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United Bankshares has a long history of rewarding its shareholders with dividend payments. United Bankshares has declared a third quarter dividend of $0.37 per share for shareholders of record as of September 13, 2024.

The dividend is a significant amount, totaling approximately $50.0 million, which will be payable on October 1, 2024. This marks the 50th consecutive year of dividend increases for United shareholders, a feat achieved by only one other major banking company in the USA.

United Bankshares is a substantial banking company, with consolidated assets of about $30 billion as of June 30, 2024. United Bank, the company's subsidiary, operates more than 225 offices across nine states and Washington, D.C.

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The second quarter was a significant period for United Bankshares, marked by a dividend declaration that's a testament to the company's commitment to its shareholders. United Bankshares declared a second quarter dividend of $0.37 per share.

This dividend payout will go to shareholders of record as of June 14, 2024, and will be distributed on July 1, 2024. The total payout amounts to approximately $52.7 million across 135.2 million shares.

United Bankshares has an impressive record of 50 consecutive years of dividend increases, a feat that's matched by only one other major banking company in the USA. This speaks volumes about the company's stability and growth potential.

The company operates more than 225 offices across multiple states in the USA, as of March 31, 2024, it reported consolidated assets of about $30 billion.

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First Quarter performance is a great indicator of a company's financial health. United Bankshares, for instance, declared its first quarter dividend, showing a commitment to returning value to its shareholders.

This move is likely a result of the bank's solid financial foundation, which allows it to distribute a portion of its earnings to its investors.

Analysts have consistently maintained a neutral stance on United Bankshares stock, with no buy or sell ratings.

Several analysts, including Stephens Inc. and D.A. Davidson & Co., have maintained a hold rating on the stock in recent months.

In fact, all three analysts who have rated the stock in the past year have maintained a hold rating.

Keefe, Bruyette & Woods, Inc. has specifically maintained a hold rating on the stock since May 3, 2024.

The analysts' consensus is clear: United Bankshares stock is a hold.

Here's a breakdown of the analysts' ratings:

According to analyst forecasts, the 12-month stock price forecast for United Bankshares is $40.0, representing a 6.16% increase from the latest price.

United Bankshares stock offers a decent dividend yield, with a forward dividend yield of 3.91%. This is appealing to income-oriented investors.

The company has a market cap of $5 billion, with assets of $29.8 billion and a loan portfolio valued at $21.3 billion. This substantial asset base provides a solid foundation for the bank's operations.

Here's a breakdown of United Bankshares' fundamental analysis score:

United Bankshares primarily provides commercial and retail banking products and services in the United States through its subsidiaries.