Union First Market Bankshares Corp Upgraded to Buy at Compass Point (UBSH)
Union First Market Bankshares Corp (NASDAQ:UBSH) was upgraded by equities researchers at Compass Point from a “neutral” rating to a “buy” rating in a research report issued on Wednesday. The firm currently has a $29.00 price target on the stock, up from their previous price target of $28.00. Compass Point’s price target indicates a potential upside of 24.57% from the company’s current price.
Separately, analysts at Raymond James reiterated an “outperform” rating on shares of Union First Market Bankshares Corp in a research note on Wednesday, July 23rd. They now have a $28.00 price target on the stock, down previously from $29.00.
Union First Market Bankshares Corp (NASDAQ:UBSH) opened at 23.35 on Wednesday. Union First Market Bankshares Corp has a 1-year low of $21.25 and a 1-year high of $26.72. The stock’s 50-day moving average is $25.02 and its 200-day moving average is $25.06. The company has a market cap of $1.071 billion and a price-to-earnings ratio of 21.96.
Union First Market Bankshares Corp (NASDAQ:UBSH) last released its earnings data on Tuesday, July 22nd. The company reported $0.32 EPS for the quarter, missing the Thomson Reuters consensus estimate of $0.39 by $0.07. During the same quarter in the prior year, the company posted $0.38 earnings per share. Analysts expect that Union First Market Bankshares Corp will post $1.60 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Friday, August 29th. Investors of record on Friday, August 15th will be paid a dividend of $0.15 per share. This represents a $0.60 annualized dividend and a dividend yield of 2.58%. The ex-dividend date is Wednesday, August 13th. This is an increase from Union First Market Bankshares Corp’s previous quarterly dividend of $0.14.
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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