Union Bankshares Corporation (UBSH) Receives Average Recommendation of “Buy” from Analysts
Union Bankshares Corporation (NASDAQ:UBSH) has been given an average recommendation of “Buy” by the eight brokerages that are presently covering the company, MarketBeat reports. Two analysts have rated the stock with a sell recommendation, two have issued a hold recommendation, two have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among analysts that have issued a report on the stock in the last year is $39.33.
UBSH has been the subject of a number of research analyst reports. Raymond James Financial, Inc. raised Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, May 24th. ValuEngine raised Union Bankshares Corporation from a “hold” rating to a “buy” rating in a report on Friday, June 16th. Keefe, Bruyette & Woods raised Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and increased their target price for the company from $37.00 to $38.00 in a report on Tuesday, May 23rd. BidaskClub raised Union Bankshares Corporation from a “sell” rating to a “hold” rating in a report on Saturday, June 10th. Finally, Brean Capital reissued a “hold” rating on shares of Union Bankshares Corporation in a report on Wednesday, August 2nd.
Several large investors have recently bought and sold shares of the stock. Bronfman E.L. Rothschild L.P. raised its stake in Union Bankshares Corporation by 2.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,107 shares of the financial services provider’s stock worth $109,000 after buying an additional 70 shares during the period. SG Americas Securities LLC bought a new stake in Union Bankshares Corporation during the second quarter worth about $119,000. Ameritas Investment Partners Inc. bought a new stake in Union Bankshares Corporation during the first quarter worth about $122,000. Victory Capital Management Inc. raised its stake in Union Bankshares Corporation by 17.6% in the second quarter. Victory Capital Management Inc. now owns 5,230 shares of the financial services provider’s stock worth $177,000 after buying an additional 783 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in Union Bankshares Corporation during the first quarter worth about $207,000. Institutional investors and hedge funds own 64.59% of the company’s stock.
Shares of Union Bankshares Corporation (UBSH) remained flat at $31.33 during trading on Friday. The company had a trading volume of 54,668 shares. Union Bankshares Corporation has a 1-year low of $26.13 and a 1-year high of $39.37. The stock’s 50-day moving average is $31.64 and its 200-day moving average is $33.93. The stock has a market capitalization of $1.37 billion, a price-to-earnings ratio of 17.46 and a beta of 1.24.
Union Bankshares Corporation (NASDAQ:UBSH) last announced its earnings results on Wednesday, July 19th. The financial services provider reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. The business had revenue of $87.06 million during the quarter, compared to analysts’ expectations of $89.67 million. Equities research analysts predict that Union Bankshares Corporation will post $1.86 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were given a $0.20 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.55%. Union Bankshares Corporation’s dividend payout ratio (DPR) is presently 44.44%.
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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