Union First Market Bankshares Corp Lowered to Market Perform at UBS AG (UBSH)
Union First Market Bankshares Corp (NASDAQ:UBSH) was downgraded by equities researchers at UBS AG from an “outperform” rating to a “market perform” rating in a research report issued on Friday, TheFlyOnTheWall.com reports. They currently have a $26.00 price objective on the stock. UBS AG’s price objective indicates a potential upside of 5.99% from the stock’s previous close.
Union First Market Bankshares Corp (NASDAQ:UBSH) traded down 4.89% on Friday, hitting $24.53. 198,545 shares of the company’s stock traded hands. Union First Market Bankshares Corp has a 1-year low of $14.23 and a 1-year high of $22.90. The stock’s 50-day moving average is $22.13 and its 200-day moving average is $20.45. The company has a market cap of $610.4 million and a P/E ratio of 17.44.
Separately, analysts at Keefe, Bruyette & Woods downgraded shares of Union First Market Bankshares Corp from an “outperform” rating to a “market perform” rating in a research note to investors on Friday. They now have a $26.00 price target on the stock, up previously from $25.00. Two equities research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target 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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