5 Financial Services Dividend Champions to Buy Now

3. United Bankshares, Inc. (NASDAQ: UBSI)

Number of Hedge Fund Holders: 9
Dividend Yield: 3.8%
Number of Years of Consistent Dividend Increases: 46

United Bankshares, Inc. (NASDAQ: UBSI) is a financial holding company that offers commercial and retail banking products and services in the US, by operating through its Community Banking and Mortgage Banking segments. The company ranks 3rd on our list of financial services dividend champions to buy now.

This February, Raymond James analyst William Wallace upgraded shares of United Bankshares, Inc. (NASDAQ: UBSI) from Market Perform to Outperform. The analyst also placed a $36 price target on United Bankshares, Inc. (NASDAQ: UBSI) shares.

In the second quarter of 2021, United Bankshares, Inc. (NASDAQ: UBSI) had an EPS of $0.73, beating estimates by $0.04. The company’s revenue was $249.36 million but missed estimates by $12.94 million. United Bankshares, Inc. (NASDAQ: UBSI) has gained 14.19% year to date and 41.01%.

By the end of the second quarter of 2021, 9 hedge funds out of the 873 tracked by Insider Monkey held stakes in United Bankshares, Inc. (NASDAQ: UBSI) worth roughly $21 million. This is compared to 9 hedge funds in the previous quarter with a total stake value of approximately $44 million.