Shares of Union Bankshares Corporation (NASDAQ:UBSH) have received an average recommendation of “Buy” from the eight analysts that are covering the stock, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, one has assigned a hold recommendation, three have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $39.33.

A number of research analysts have recently commented on UBSH shares. Keefe, Bruyette & Woods upgraded Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and increased their target price for the company from $37.00 to $38.00 in a research report on Tuesday, May 23rd. Raymond James Financial, Inc. upgraded Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, May 24th. Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. BidaskClub downgraded Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Zacks Investment Research downgraded Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th.

COPYRIGHT VIOLATION NOTICE: “Union Bankshares Corporation (UBSH) Receives Consensus Recommendation of “Buy” from Brokerages” was first published by American Banking News and is the sole property of of American Banking News. If you are reading this piece on another domain, it was illegally copied and reposted in violation of US and international trademark & copyright law. The legal version of this piece can be read at https://www.americanbankingnews.com/2017/08/08/union-bankshares-corporation-ubsh-receives-consensus-recommendation-of-buy-from-brokerages.html.

Shares of Union Bankshares Corporation (NASDAQ:UBSH) traded up 0.75% on Tuesday, hitting $32.11. 34,834 shares of the company traded hands. The stock has a market capitalization of $1.40 billion, a price-to-earnings ratio of 17.90 and a beta of 1.23. Union Bankshares Corporation has a 1-year low of $26.13 and a 1-year high of $39.37. The firm’s 50 day moving average price is $33.29 and its 200-day moving average price is $34.60.

Union Bankshares Corporation (NASDAQ:UBSH) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $87.06 million during the quarter, compared to the consensus estimate of $89.67 million. Union Bankshares Corporation had a return on equity of 8.01% and a net margin of 20.42%. On average, equities research analysts expect that Union Bankshares Corporation will post $1.86 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be given a $0.20 dividend. The ex-dividend date is Wednesday, August 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.51%. Union Bankshares Corporation’s dividend payout ratio is presently 44.44%.

A number of hedge funds have recently modified their holdings of UBSH. Dimensional Fund Advisors LP increased its stake in shares of Union Bankshares Corporation by 2.9% in the first quarter. Dimensional Fund Advisors LP now owns 3,519,938 shares of the financial services provider’s stock worth $123,832,000 after buying an additional 100,474 shares in the last quarter. BlackRock Inc. increased its stake in shares of Union Bankshares Corporation by 15,378.0% in the first quarter. BlackRock Inc. now owns 3,105,815 shares of the financial services provider’s stock worth $109,261,000 after buying an additional 3,085,749 shares in the last quarter. Vaughan Nelson Investment Management L.P. increased its stake in shares of Union Bankshares Corporation by 1.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,382,950 shares of the financial services provider’s stock worth $80,783,000 after buying an additional 36,050 shares in the last quarter. Vanguard Group Inc. increased its stake in shares of Union Bankshares Corporation by 4.6% in the first quarter. Vanguard Group Inc. now owns 2,077,123 shares of the financial services provider’s stock worth $73,073,000 after buying an additional 90,397 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its stake in shares of Union Bankshares Corporation by 267.9% in the second quarter. Bank of New York Mellon Corp now owns 1,121,588 shares of the financial services provider’s stock worth $38,022,000 after buying an additional 816,696 shares in the last quarter. Institutional investors own 60.57% of the company’s stock.

About Union Bankshares Corporation

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.

Receive News & Ratings for Union Bankshares Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares Corporation and related companies with MarketBeat.com's FREE daily email newsletter.