Union Bankshares Corp (UBSH) Expected to Post Quarterly Sales of $91.31 Million
Wall Street analysts expect Union Bankshares Corp (NASDAQ:UBSH) to post sales of $91.31 million for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Union Bankshares’ earnings, with the lowest sales estimate coming in at $90.08 million and the highest estimate coming in at $92.53 million. Union Bankshares posted sales of $86.67 million during the same quarter last year, which suggests a positive year over year growth rate of 5.4%. The business is scheduled to issue its next earnings report on Tuesday, January 23rd.
On average, analysts expect that Union Bankshares will report full-year sales of $91.31 million for the current financial year, with estimates ranging from $351.28 million to $360.78 million. For the next fiscal year, analysts anticipate that the firm will post sales of $515.42 million per share, with estimates ranging from $513.87 million to $516.96 million. Zacks’ sales calculations are an average based on a survey of sell-side research firms that follow Union Bankshares.
Union Bankshares (NASDAQ:UBSH) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Union Bankshares had a return on equity of 7.98% and a net margin of 20.02%. The firm had revenue of $88.73 million during the quarter, compared to analyst estimates of $91.68 million.
Shares of Union Bankshares (NASDAQ UBSH) traded down $0.15 on Thursday, hitting $37.62. The stock had a trading volume of 466,200 shares, compared to its average volume of 165,726. Union Bankshares has a 12-month low of $29.50 and a 12-month high of $39.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 0.94. The stock has a market cap of $1,651.76, a price-to-earnings ratio of 20.20 and a beta of 1.27.
The company also recently announced a quarterly dividend, which was paid on Monday, November 27th. Investors of record on Monday, November 13th were paid a $0.21 dividend. This is a positive change from Union Bankshares’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend was Friday, November 10th. This represents a $0.84 dividend on an annualized basis and a yield of 2.23%. Union Bankshares’s dividend payout ratio (DPR) is 46.67%.
A number of hedge funds have recently modified their holdings of the stock. Dimensional Fund Advisors LP raised its stake in Union Bankshares by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,677,853 shares of the financial services provider’s stock worth $129,827,000 after acquiring an additional 11,030 shares during the last quarter. BlackRock Inc. raised its stake in shares of Union Bankshares by 2.0% during the 2nd quarter. BlackRock Inc. now owns 3,166,543 shares of the financial services provider’s stock valued at $107,346,000 after buying an additional 60,728 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Union Bankshares by 0.5% during the 2nd quarter. Vanguard Group Inc. now owns 2,086,617 shares of the financial services provider’s stock valued at $70,737,000 after buying an additional 9,494 shares during the last quarter. Bank of New York Mellon Corp raised its stake in shares of Union Bankshares by 59.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,792,680 shares of the financial services provider’s stock valued at $63,282,000 after buying an additional 671,092 shares during the last quarter. Finally, Northern Trust Corp raised its stake in shares of Union Bankshares by 1.2% during the 2nd quarter. Northern Trust Corp now owns 1,387,345 shares of the financial services provider’s stock valued at $47,031,000 after buying an additional 16,918 shares during the last quarter. Institutional investors own 65.04% of the company’s stock.
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About Union Bankshares
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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