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United Bankshares, Inc. (UBSI)
After hours:
| Previous close | 32.66 |
| Open | 32.92 |
| Bid | 32.68 x 100 |
| Ask | 32.78 x 100 |
| Day's range | 32.44 - 32.99 |
| 52-week range | 25.35 - 38.74 |
| Volume | |
| Avg. volume | 473,542 |
| Market cap | 4.422B |
| Beta (5Y monthly) | 1.03 |
| PE ratio (TTM) | 12.48 |
| EPS (TTM) | N/A |
| Earnings date | N/A |
| Forward dividend & yield | 1.48 (4.52%) |
| Ex-dividend date | 14 Jun 2024 |
| 1y target est | N/A |
- Zacks
United Bankshares (UBSI) to Acquire Piedmont in $267M Deal
United Bankshares' (UBSI) buyout of Piedmont will help the former strengthen its position in the Mid-Atlantic and Southeast markets.
- Benzinga
United Bankshares Expands Into Atlanta With Piedmont Bancorp Acquisition, Eyes $267M Deal
United Bankshares, Inc. (NASDAQ:UBSI) announced on Friday that it entered into a definitive merger agreement under which United would acquire Piedmont Bancorp. The exchange ratio will be fixed at 0.300 of United’s shares for each share of Piedmont, resulting in an aggregate transaction value of approximately $267 million. The merger will strengthen United’s position in the Mid-Atlantic and Southeast. “The greater Atlanta area is the perfect addition to UBSI’s footprint, and we look forward to be
- Reuters
United Bankshares to buy Piedmont Bancorp in $267 million deal
High interest rates, exposure to commercial real estate and muted loan activity have clouded the outlook for regional U.S. lenders which are more susceptible to economic fluctuations compared with larger so-called 'too-big-to-fail' rivals. Last year, the failure of three mid-sized U.S. banks reverberated across the global financial system. In the aftermath, Treasury Secretary Janet Yellen had said the current banking environment and pressures on earnings of some U.S. regional banks may lead to some consolidation in the sector.
