Union First Market Bankshares Corp (UBSH) Declares Quarterly Dividend of $0.14
Union First Market Bankshares Corp (NASDAQ:UBSH) declared a quarterly dividend on Friday, January 31st, Analyst Ratings Net reports. Shareholders of record on Friday, February 14th will be given a dividend of 0.14 per share on Friday, February 28th. This represents a $0.56 dividend on an annualized basis and a yield of 2.41%.
On a related note, analysts at UBS AG upgraded shares of Union First Market Bankshares Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Thursday. They now have a $26.40 price target on the stock. One investment analyst has rated the stock with a hold rating and two have assigned a buy rating to the company. The company currently has an average rating of “Buy” and an average target price of $25.77.
Shares of Union First Market Bankshares Corp (NASDAQ:UBSH) traded down 1.98% during mid-day trading on Friday, hitting $22.73. 14,962 shares of the company’s stock traded hands. Union First Market Bankshares Corp has a 52-week low of $17.00 and a 52-week high of $26.29. The stock has a 50-day moving average of $24.45 and a 200-day moving average of $23.70. The company has a market cap of $566.5 million and a price-to-earnings ratio of 16.31.
Union First Market Bankshares Corp (NASDAQ:UBSH) last issued its quarterly earnings data on Tuesday, January 28th. The company reported $0.32 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.35 by $0.03. Analysts expect that Union First Market Bankshares Corp will post $1.43 EPS for the current fiscal year.
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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