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

According to Zacks, 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 forecast that the company will report earnings of $2.89 per share, with EPS estimates ranging from $2.72 to $3.00. Zacks’ earnings per share averages are a mean average based on a survey of research firms that follow Union Bankshares.

Union Bankshares (NASDAQ:UBSH) last posted its earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $90.64 million during the quarter, compared to analyst estimates of $91.35 million. Union Bankshares had a return on equity of 8.12% and a net margin of 18.15%.

A number of research firms have weighed in on UBSH. Zacks Investment Research lowered Union Bankshares from a “hold” rating to a “sell” rating in a report on Saturday, October 21st. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares in a report on Monday, October 30th. BidaskClub raised Union Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Merion Capital Group lifted their target price on Union Bankshares from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Sandler O’Neill set a $39.00 target price on Union Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th. 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 stock. The stock currently has an average rating of “Buy” and an average price target of $41.80.

Union Bankshares (NASDAQ UBSH) traded up $0.35 during mid-day trading on Friday, reaching $37.07. The company’s stock had a trading volume of 346,600 shares, compared to its average volume of 455,986. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2,413.39, a price-to-earnings ratio of 19.23 and a beta of 1.21. Union Bankshares has a 1-year low of $29.50 and a 1-year high of $39.37.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th will be given a dividend of $0.21 per share. The ex-dividend date is Monday, February 5th. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.27%. Union Bankshares’s dividend payout ratio (DPR) is presently 50.30%.

In other Union Bankshares news, EVP John G. Jr. Stallings purchased 1,373 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was purchased at an average price of $36.22 per share, for a total transaction of $49,730.06. Following the transaction, the executive vice president now owns 9,582 shares in the company, valued at approximately $347,060.04. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 2.18% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of UBSH. Bank of New York Mellon Corp boosted its position in shares of Union Bankshares by 59.8% during the 3rd quarter. Bank of New York Mellon Corp now owns 1,792,680 shares of the financial services provider’s stock valued at $63,282,000 after acquiring an additional 671,092 shares during the last quarter. Janus Henderson Group PLC bought a new stake in Union Bankshares in the 3rd quarter worth approximately $21,259,000. Tributary Capital Management LLC bought a new stake in Union Bankshares in the 4th quarter worth approximately $15,187,000. Geode Capital Management LLC lifted its position in Union Bankshares by 24.9% in the 4th quarter. Geode Capital Management LLC now owns 496,304 shares of the financial services provider’s stock worth $17,951,000 after buying an additional 98,920 shares during the last quarter. Finally, Monarch Partners Asset Management LLC bought a new stake in Union Bankshares in the 3rd quarter worth approximately $3,166,000. Hedge funds and other institutional investors own 64.98% of the company’s stock.

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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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