Analysts Expect Union Bankshares Corp (UBSH) to Post $0.54 EPS

Equities research analysts expect Union Bankshares Corp (NASDAQ:UBSH) to announce earnings of $0.54 per share for the current quarter, according to Zacks. Two analysts have made estimates for Union Bankshares’ earnings. The lowest EPS estimate is $0.53 and the highest is $0.54. Union Bankshares posted earnings per share of $0.44 during the same quarter last year, which would suggest a positive year-over-year growth rate of 22.7%. The company is scheduled to announce its next earnings report on Wednesday, April 18th.

On average, analysts expect that Union Bankshares will report full-year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.55. For the next financial year, analysts anticipate that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.72 to $3.00. Zacks Investment Research’s EPS calculations are an average based on a survey of research firms that that provide coverage for Union Bankshares.

Union Bankshares (NASDAQ:UBSH) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.01. Union Bankshares had a net margin of 18.15% and a return on equity of 8.12%. The firm had revenue of $90.64 million for the quarter, compared to the consensus estimate of $91.35 million.

A number of research analysts have recently issued reports on UBSH shares. Zacks Investment Research raised shares of Union Bankshares from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Saturday, January 6th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares in a research report on Tuesday, January 23rd. BidaskClub raised shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill set a $39.00 target price on shares of Union Bankshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Finally, Merion Capital Group boosted their target price on shares of Union Bankshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Four investment analysts have rated the stock with a hold rating, two have assigned a buy rating and three have assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $41.80.

In related news, EVP John G. Jr. Stallings bought 1,373 shares of the company’s stock in a transaction on Thursday, December 14th. The shares were bought at an average price of $36.22 per share, with a total value of $49,730.06. Following the transaction, the executive vice president now owns 9,582 shares in the company, valued at $347,060.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 2.18% of the stock is currently owned by insiders.

Large investors have recently added to or reduced their stakes in the business. Ameritas Investment Partners Inc. grew its position in Union Bankshares by 8.8% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,789 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 307 shares during the last quarter. US Bancorp DE lifted its stake in Union Bankshares by 101.5% during the 4th quarter. US Bancorp DE now owns 4,263 shares of the financial services provider’s stock valued at $154,000 after acquiring an additional 2,147 shares during the period. Virtu Financial LLC acquired a new stake in Union Bankshares during the 4th quarter valued at approximately $201,000. Canal Capital Management LLC acquired a new stake in Union Bankshares during the 4th quarter valued at approximately $238,000. Finally, Dubuque Bank & Trust Co. acquired a new stake in Union Bankshares during the 4th quarter valued at approximately $242,000. 64.98% of the stock is currently owned by institutional investors.

Shares of Union Bankshares (NASDAQ UBSH) traded up $0.85 during trading on Friday, hitting $36.55. 316,384 shares of the stock were exchanged, compared to its average volume of 544,855. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 0.94. Union Bankshares has a 52-week low of $29.50 and a 52-week high of $39.37. The stock has a market cap of $2,402.21, a P/E ratio of 21.89 and a beta of 1.21.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be given a dividend of $0.21 per share. This represents a $0.84 annualized dividend and a yield of 2.30%. The ex-dividend date is Monday, February 5th. Union Bankshares’s dividend payout ratio is presently 50.30%.

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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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