Analysts expect Union Bankshares Corporation (NASDAQ:UBSH) to announce sales of $91.68 million for the current quarter, according to Zacks. Two analysts have made estimates for Union Bankshares Corporation’s earnings, with the highest sales estimate coming in at $93.34 million and the lowest estimate coming in at $90.02 million. Union Bankshares Corporation posted sales of $85.98 million during the same quarter last year, which suggests a positive year over year growth rate of 6.6%. The business is scheduled to issue its next quarterly earnings results on Thursday, October 19th.

According to Zacks, analysts expect that Union Bankshares Corporation will report full-year sales of $91.68 million for the current financial year, with estimates ranging from $353.85 million to $364.23 million. For the next fiscal year, analysts anticipate that the company will post sales of $523.84 million per share, with estimates ranging from $517.74 million to $529.95 million. Zacks’ sales calculations are an average based on a survey of analysts that follow Union Bankshares Corporation.

Union Bankshares Corporation (NASDAQ:UBSH) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $87.06 million for the quarter, compared to analysts’ expectations of $89.67 million. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%.

A number of research firms have recently commented on UBSH. BidaskClub raised Union Bankshares Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. ValuEngine raised Union Bankshares Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 16th. UBS AG raised Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating and set a $41.00 price target for the company in a report on Wednesday, May 24th. Zacks Investment Research cut Union Bankshares Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Finally, Brean Capital reissued a “hold” rating on shares of Union Bankshares Corporation in a report on Wednesday, August 2nd. Two analysts have rated the stock with a sell rating, one has assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.25.

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Shares of Union Bankshares Corporation (NASDAQ UBSH) opened at 32.24 on Tuesday. The company has a market cap of $1.41 billion, a PE ratio of 17.97 and a beta of 1.23. The stock’s 50 day moving average price is $32.61 and its 200 day moving average price is $34.39. Union Bankshares Corporation has a one year low of $26.13 and a one year high of $39.37.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be given a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.48%. Union Bankshares Corporation’s dividend payout ratio is currently 44.44%.

Large investors have recently modified their holdings of the company. Alps Advisors Inc. raised its stake in shares of Union Bankshares Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,352 shares of the financial services provider’s stock worth $453,000 after buying an additional 34 shares in the last quarter. 1st Global Advisors Inc. raised its stake in shares of Union Bankshares Corporation by 0.8% in the first quarter. 1st Global Advisors Inc. now owns 6,599 shares of the financial services provider’s stock worth $232,000 after buying an additional 52 shares in the last quarter. Bronfman E.L. Rothschild L.P. raised 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 worth $109,000 after buying an additional 70 shares in the last quarter. Pettyjohn Wood & White Inc. raised its stake in shares of Union Bankshares Corporation by 1.8% in the second quarter. Pettyjohn Wood & White Inc. now owns 9,070 shares of the financial services provider’s stock worth $307,000 after buying an additional 164 shares in the last quarter. Finally, Legal & General Group Plc raised its stake in shares of Union Bankshares Corporation by 1.8% in the second quarter. Legal & General Group Plc now owns 16,440 shares of the financial services provider’s stock worth $558,000 after buying an additional 289 shares in the last quarter. Institutional investors and hedge funds own 62.73% of the company’s stock.

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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