Union Bankshares (UBSH) Earns Daily News Sentiment Score of 0.16
Media stories about Union Bankshares (NASDAQ:UBSH) have been trending somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by reviewing more than twenty million blog and news sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Union Bankshares earned a media sentiment score of 0.16 on Accern’s scale. Accern also assigned press coverage about the financial services provider an impact score of 46.0494290255834 out of 100, indicating that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern Sentiment’s rankings:
- Union Bankshares (UBSH) Set to Announce Earnings on Tuesday (americanbankingnews.com)
- Zacks Investment Research Upgrades Union Bankshares (UBSH) to Strong-Buy (americanbankingnews.com)
- Union Bankshares Reaches Analyst Target Price (nasdaq.com)
- Union Bankshares (UBSH) Lowered to “Hold” at Zacks Investment Research (americanbankingnews.com)
UBSH has been the subject of several research analyst reports. ValuEngine cut Union Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Union Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares in a research note on Monday, October 30th. BidaskClub lowered Union Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill set a $39.00 price objective on Union Bankshares and gave the company a “hold” rating in a research note on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, two have given a buy rating and three have given a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.20.
Union Bankshares (NASDAQ:UBSH) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.49. The business had revenue of $88.73 million during the quarter, compared to analyst estimates of $91.68 million. Union Bankshares had a return on equity of 7.98% and a net margin of 20.02%. sell-side analysts predict that Union Bankshares will post 1.86 earnings per share for the current fiscal year.
In other Union Bankshares news, EVP John G. Jr. Stallings purchased 1,373 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average cost of $36.22 per share, with a total value of $49,730.06. Following the purchase, the executive vice president now owns 9,582 shares of the company’s stock, valued at $347,060.04. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.18% of the stock is owned by company insiders.
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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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