Union Bankshares Corporation (UBSH) Given “Hold” Rating at Brean Capital
Union Bankshares Corporation (NASDAQ:UBSH)‘s stock had its “hold” rating reissued by equities research analysts at Brean Capital in a research note issued on Tuesday.
A number of other research firms also recently weighed in on UBSH. Zacks Investment Research downgraded Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research report on Saturday. ValuEngine upgraded Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Finally, BidaskClub downgraded Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research report on Wednesday, July 12th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.33.
Union Bankshares Corporation (NASDAQ UBSH) traded up 1.32% during trading on Tuesday, hitting $35.26. The stock had a trading volume of 140,297 shares. Union Bankshares Corporation has a 52 week low of $27.23 and a 52 week high of $39.37. The stock has a market capitalization of $1.54 billion, a P/E ratio of 19.65 and a beta of 1.25. The company has a 50-day moving average of $33.73 and a 200-day moving average of $33.36.
Union Bankshares Corporation (NASDAQ:UBSH) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.49. The company had revenue of $88.73 million during the quarter, compared to analyst estimates of $91.68 million. Union Bankshares Corporation had a return on equity of 8.03% and a net margin of 20.02%. On average, equities analysts expect that Union Bankshares Corporation will post $1.85 earnings per share for the current fiscal year.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UBSH. Bronfman E.L. Rothschild L.P. raised its position in Union Bankshares Corporation by 3.8% during the second quarter. Bronfman E.L. Rothschild L.P. now owns 3,226 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 119 shares in the last quarter. SG Americas Securities LLC purchased a new stake in Union Bankshares Corporation during the second quarter valued at about $119,000. Ameritas Investment Partners Inc. raised its position in Union Bankshares Corporation by 8.8% during the second quarter. Ameritas Investment Partners Inc. now owns 3,789 shares of the financial services provider’s stock valued at $128,000 after purchasing an additional 307 shares in the last quarter. Victory Capital Management Inc. raised its position in Union Bankshares Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,230 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 783 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Union Bankshares Corporation during the first quarter valued at about $207,000. Institutional investors and hedge funds own 63.70% 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.
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