United Bankshares: Expansion To Atlanta Looks Promising For This Dividend King

Eugenio Catone
4.39K Followers

Summary

  • 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.

Atlanta Georgia Skyline

SeanPavonePhoto/iStock via Getty Images

United Bankshares (NASDAQ:UBSI) is a financial holding company operating primarily in the Community Banking and Mortgage Banking segments. Founded in 1839, it is headquartered in Charleston, West Virginia, but as we shall see it is looking to expand

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4.39K Followers
Hi there, welcome to my profile. My name is Eugenio Catone, I live in Italy and I am 27 years old.In 2023 I graduated in Business Administration and I completed CFA level 1 in 2024. I am currently a Popular Investor on the investing platform eToro, you can see there my public portfolio. My interest in financial markets started about 5 years ago when I accidentally came across a video about trading. That was the spark that introduced me to a new world, but over time I realized that it was not my path: too many charts, lines, and not very concrete concepts for a pragmatic person like me. I needed something different and that I found in fundamental analysis. It is a totally different approach and one that evaluates the actual results achieved by a company rather than the candlesticks made by its price per share. That was the turning point for me and I have not stopped learning ever since. I mainly invest in stocks and ETFs; I prefer US companies but I often analyze European or Chinese companies as well. Being young, my investments typically have a very long-term view; I often take a contrarian view.Seeking Alpha is a way for me to express my opinion and meet new people. My articles are intended as pure entertainment and I hope you will find them interesting.

Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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