Union First Market Bankshares Corp Downgraded to “Market Perform” at Keefe, Bruyette & Woods (UBSH)
Union First Market Bankshares Corp (NASDAQ:UBSH) was downgraded by investment analysts at Keefe, Bruyette & Woods from an “outperform” rating to a “market perform” rating in a note issued to investors on Friday, Analyst Ratings Net reports. They currently have a $26.00 target price on the stock, up from their previous target price of $25.00. Keefe, Bruyette & Woods’ target price would indicate a potential upside of 5.99% from the company’s current price.
Union First Market Bankshares Corp (NASDAQ:UBSH) traded down 4.89% during mid-day trading on Friday, hitting $24.53. The stock had a trading volume of 198,545 shares. Union First Market Bankshares Corp has a 52 week low of $14.23 and a 52 week high of $22.90. The stock has a 50-day moving average of $22.13 and a 200-day moving average of $20.45. The company has a market cap of $610.4 million and a price-to-earnings ratio of 17.44.
A number of other firms have also recently commented on UBSH. Analysts at UBS AG initiated coverage on shares of Union First Market Bankshares Corp in a research note to investors on Monday, October 7th. They set a “buy” rating and a $23.20 price target on the stock. Two research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has an average rating of “Buy” and an average target price of $24.19.
Union First Market Bankshares Corporation is a bank holding company. The Company offers financial services through its community bank subsidiary Union First Market Bank and three non-bank financial services affiliates.
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