Union Bankshares Corporation (UBSH) Scheduled to Post Earnings on Wednesday
Union Bankshares Corporation (NASDAQ:UBSH) will be releasing its earnings data before the market opens on Wednesday, October 18th. Analysts expect Union Bankshares Corporation to post earnings of $0.49 per share for the quarter.
Union Bankshares Corporation (NASDAQ:UBSH) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.46 EPS for the quarter, hitting the consensus estimate of $0.46. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. The business had revenue of $87.06 million during the quarter, compared to the consensus estimate of $89.67 million. On average, analysts expect Union Bankshares Corporation to post $1.86 EPS for the current fiscal year and $2.31 EPS for the next fiscal year.
Union Bankshares Corporation (NASDAQ UBSH) opened at 35.69 on Wednesday. The firm has a 50-day moving average price of $32.74 and a 200 day moving average price of $33.32. Union Bankshares Corporation has a 52 week low of $26.46 and a 52 week high of $39.37. The company has a market cap of $1.56 billion, a P/E ratio of 19.89 and a beta of 1.25.
A number of analysts have commented on UBSH shares. ValuEngine upgraded Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. BidaskClub cut Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, June 20th. Zacks Investment Research cut Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $39.33.
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.
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