Union Bankshares Corporation (UBSH) Receives Consensus Rating of “Buy” from Brokerages
Union Bankshares Corporation (NASDAQ:UBSH) has been given an average rating of “Buy” by the seven research firms that are covering the firm, Marketbeat.com reports. Three analysts have rated the stock with a hold recommendation, three have assigned a buy recommendation and one has issued a strong buy recommendation on the company. The average 12 month target price among analysts that have covered the stock in the last year is $38.50.
Several brokerages recently weighed in on UBSH. BidaskClub raised shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. ValuEngine raised shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Friday. Raymond James Financial, Inc. raised shares of Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods raised shares of Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and raised their price target for the company from $37.00 to $38.00 in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research downgraded shares of Union Bankshares Corporation from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 29th.
Shares of Union Bankshares Corporation (NASDAQ UBSH) traded up 0.11% during trading on Monday, hitting $34.97. The stock had a trading volume of 21,960 shares. Union Bankshares Corporation has a 52-week low of $23.28 and a 52-week high of $39.37. The firm has a market cap of $1.53 billion, a PE ratio of 19.16 and a beta of 1.24. The stock has a 50 day moving average of $33.86 and a 200 day moving average of $35.10.
Union Bankshares Corporation (NASDAQ:UBSH) last announced its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.44 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.43 by $0.01. The company had revenue of $85.41 million during the quarter, compared to the consensus estimate of $86.10 million. Union Bankshares Corporation had a net margin of 21.26% and a return on equity of 7.95%. On average, equities analysts anticipate that Union Bankshares Corporation will post $1.93 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, May 26th. Investors of record on Friday, May 12th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.29%. The ex-dividend date of this dividend was Wednesday, May 10th. Union Bankshares Corporation’s dividend payout ratio is currently 43.72%.
A number of large investors have recently modified their holdings of UBSH. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Union Bankshares Corporation by 2.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,107 shares of the financial services provider’s stock valued at $109,000 after buying an additional 70 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in shares of Union Bankshares Corporation during the first quarter valued at about $122,000. 361 Capital LLC bought a new stake in shares of Union Bankshares Corporation during the first quarter valued at about $204,000. Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Union Bankshares Corporation during the first quarter valued at about $207,000. Finally, Cambridge Investment Research Advisors Inc. bought a new stake in shares of Union Bankshares Corporation during the first quarter valued at about $222,000. Institutional investors own 60.46% of the company’s stock.
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Union Bankshares Corporation Company Profile
Union Bankshares Corporation is a financial holding company and bank holding company. The Company operates through two segments: a community bank segment and mortgage loan origination business segment. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates.
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