Union Bankshares Corporation (NASDAQ:UBSH) Announces $0.20 Quarterly Dividend
Union Bankshares Corporation (NASDAQ:UBSH) announced a quarterly dividend on Thursday, July 20th, NASDAQ reports. Stockholders of record on Friday, August 4th will be paid a dividend of 0.20 per share by the financial services provider on Friday, August 18th. This represents a $0.80 annualized dividend and a dividend yield of 2.56%. The ex-dividend date of this dividend is Wednesday, August 2nd.
Shares of Union Bankshares Corporation (NASDAQ UBSH) traded down 0.06% during mid-day trading on Friday, hitting $31.22. The stock had a trading volume of 183,051 shares. The company has a 50 day moving average price of $32.38 and a 200 day moving average price of $34.27. Union Bankshares Corporation has a 12-month low of $26.13 and a 12-month high of $39.37. The firm has a market cap of $1.36 billion, a P/E ratio of 17.40 and a beta of 1.23.
Union Bankshares Corporation (NASDAQ:UBSH) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.46 EPS for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.46. The business had revenue of $87.06 million during the quarter, compared to analysts’ expectations of $89.67 million. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. Equities analysts forecast that Union Bankshares Corporation will post $1.86 earnings per share for the current fiscal year.
UBSH has been the subject of several recent analyst reports. Raymond James Financial, Inc. raised Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, May 24th. ValuEngine raised Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Keefe, Bruyette & Woods raised Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and raised their target price for the stock from $37.00 to $38.00 in a research report on Tuesday, May 23rd. BidaskClub upgraded Union Bankshares Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the company. Union Bankshares Corporation presently has an average rating of “Buy” and a consensus price target of $39.25.
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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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