This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
Stocks Under $10 with 50-100% upside potential - 14 days FREE!

10 Buy-Rated Bank Stocks With Highest Dividend Yields

7. United Bankshares


United Bankshares (UBSI) of Charleston W.V., closed at $26.00 Thursday, returning 7% year-to-date, after a 10% decline during 2012. The shares trade for 2.2 times tangible book value and for 14.1 times the consensus 2014 EPS estimate of $1.85. The consensus 2013 EPS estimate is $1.74.

Based on a quarterly payout of $0.31, the shares have a dividend yield of 4.77%.

United Bankshares is rated an A-minus (Excellent) by TheStreet Ratings.

The company had $8.4 billion in total assets as of Dec. 31 and reported 2012 net income of $83.6 million, or $1.64 a share, increasing from $$75.6 million, or $1.61 a share, in 2011. The 2012 ROA was 0.98%, improving slightly from 0.97% the previous year.

United Bankshares on Jan. 30 announced an agreement to acquire Virginia Commerce Bancorp (VCBI) of Arlington, in an all-stock deal valued at $490.6 million. Virginia Commerce has roughly $2.8 billion in assets, with 28 branches. The merger is expected to be completed in the third quarter.

Guggenheim analyst David Darst has a neutral rating for United Bankshares, and said in a report on Jan. 31 that the price being paid for Virginia Commerce -- a premium of 15% over the target company's closing share price of $12.21 on Jan. 29 and roughly 1.8 times tangible book value -- was "rich," because VCBI was really being sold for 2.2 times tangible book value, after "adjusting for the credit mark."

On the other hand, "UBSI is an experienced acquirer and has historically exceeded accretion targets," Darst wrote, adding that "the transaction is strategically important as it builds UBSI's Virginia and DC franchise and limits opportunities for competition to gain share."

Darst has a neutral rating on United Bankshares, with a price target of $26.00, estimating the company will earn $1.72 a share this year, with EPS rising to $1.80 in 2014.

UBSI ChartUBSI data by YCharts

Interested in more on United Bankshares? See TheStreet Ratings' report card for this stock.

5 of 11

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,940.34 -20.23 -0.12%
S&P 500 1,974.19 -4.15 -0.21%
NASDAQ 4,432.7280 -16.8360 -0.38%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs