Shares of Union Bankshares Corp. (NASDAQ:UBSH) have earned a consensus rating of “Hold” from the six ratings firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, three have assigned a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year target price among analysts that have covered the stock in the last year is $27.25.

A number of research analysts have commented on the stock. Zacks Investment Research cut shares of Union Bankshares Corp. from a “buy” rating to a “hold” rating in a research report on Saturday, September 24th. Compass Point reiterated a “sell” rating on shares of Union Bankshares Corp. in a research report on Friday, November 18th.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Victory Capital Management Inc. boosted its position in shares of Union Bankshares Corp. by 4.6% in the third quarter. Victory Capital Management Inc. now owns 4,881 shares of the financial services provider’s stock valued at $131,000 after buying an additional 213 shares in the last quarter. Oak Associates Ltd. OH boosted its position in shares of Union Bankshares Corp. by 2.1% in the second quarter. Oak Associates Ltd. OH now owns 15,185 shares of the financial services provider’s stock valued at $375,000 after buying an additional 310 shares in the last quarter. AMG National Trust Bank boosted its position in shares of Union Bankshares Corp. by 1.3% in the third quarter. AMG National Trust Bank now owns 36,562 shares of the financial services provider’s stock valued at $979,000 after buying an additional 460 shares in the last quarter. Teacher Retirement System of Texas boosted its position in shares of Union Bankshares Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,252 shares of the financial services provider’s stock valued at $154,000 after buying an additional 762 shares in the last quarter. Finally, BlackRock Advisors LLC boosted its position in shares of Union Bankshares Corp. by 3.8% in the second quarter. BlackRock Advisors LLC now owns 21,913 shares of the financial services provider’s stock valued at $541,000 after buying an additional 795 shares in the last quarter. Hedge funds and other institutional investors own 58.49% of the company’s stock.

Union Bankshares Corp. (NASDAQ:UBSH) traded down 0.03% on Monday, hitting $34.02. 140,738 shares of the company were exchanged. The stock has a 50 day moving average of $29.40 and a 200 day moving average of $27.28. Union Bankshares Corp. has a 52 week low of $20.57 and a 52 week high of $34.22. The company has a market capitalization of $1.48 billion, a price-to-earnings ratio of 20.14 and a beta of 1.01.

Union Bankshares Corp. (NASDAQ:UBSH) last announced its earnings results on Thursday, October 20th. The financial services provider reported $0.47 earnings per share for the quarter, beating analysts’ consensus estimates of $0.45 by $0.02. Union Bankshares Corp. had a net margin of 20.86% and a return on equity of 7.51%. Analysts predict that Union Bankshares Corp. will post $1.74 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Monday, November 28th. Stockholders of record on Monday, November 14th will be issued a $0.20 dividend. This is a boost from Union Bankshares Corp.’s previous quarterly dividend of $0.19. The ex-dividend date of this dividend is Wednesday, November 9th. This represents a $0.80 annualized dividend and a dividend yield of 2.35%. Union Bankshares Corp.’s dividend payout ratio (DPR) is currently 47.34%.

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Union Bankshares Corp. Company Profile

Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a financial holding company and a bank holding company. The Company offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates are Union Mortgage Group, Inc (UMG), Union Investment Services, Inc and Union Insurance Group, LLC.

5 Day Chart for NASDAQ:UBSH

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