Union Bankshares Corporation (UBSH) Declares Quarterly Dividend of $0.21
Union Bankshares Corporation (NASDAQ:UBSH) announced a quarterly dividend on Friday, October 27th, NASDAQ reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.21 per share by the financial services provider on Monday, November 27th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.42%. The ex-dividend date is Friday, November 10th. This is a boost from Union Bankshares Corporation’s previous quarterly dividend of $0.20.
Shares of Union Bankshares Corporation (NASDAQ UBSH) opened at $34.68 on Friday. The firm has a market cap of $1,516.52, a price-to-earnings ratio of 18.55 and a beta of 1.25. The company has a current ratio of 0.94, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42. Union Bankshares Corporation has a 1-year low of $27.23 and a 1-year high of $39.37.
Union Bankshares Corporation (NASDAQ:UBSH) last announced its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.49. The firm had revenue of $88.73 million for the quarter, compared to analyst estimates of $91.68 million. Union Bankshares Corporation had a net margin of 20.02% and a return on equity of 8.03%. analysts predict that Union Bankshares Corporation will post 1.88 EPS for the current fiscal year.
A number of equities research analysts have recently weighed in on UBSH shares. BidaskClub lowered shares of Union Bankshares Corporation from a “hold” rating to a “sell” rating in a report on Wednesday, July 12th. Zacks Investment Research lowered shares of Union Bankshares Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. Brean Capital reissued a “hold” rating on shares of Union Bankshares Corporation in a report on Wednesday, August 2nd. Finally, ValuEngine lowered shares of Union Bankshares Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two investment analysts have rated the stock with a sell rating, two have given a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average target price 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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