Shares of Union Bankshares Corp (NASDAQ:UBSH) have been assigned a consensus rating of “Buy” from the nine brokerages that are currently covering the stock, MarketBeat Ratings reports. Five investment analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating on the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $41.25.
Several brokerages have recently issued reports on UBSH. Zacks Investment Research cut shares of Union Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, February 14th. Brean Capital reissued a “hold” rating on shares of Union Bankshares in a research report on Monday, February 5th. Merion Capital Group increased their price target on shares of Union Bankshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. BidaskClub raised shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Sandler O’Neill set a $39.00 price target on shares of Union Bankshares and gave the stock a “hold” rating in a research report on Thursday, January 4th.
In other news, EVP John G. Jr. Stallings bought 1,373 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The shares were purchased at an average cost of $36.22 per share, for a total transaction of $49,730.06. Following the completion of the purchase, the executive vice president now owns 9,582 shares of the company’s stock, valued at $347,060.04. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. 2.18% of the stock is currently owned by corporate insiders.
Union Bankshares (UBSH) traded up $0.69 during midday trading on Friday, reaching $38.64. 449,600 shares of the company’s stock were exchanged, compared to its average volume of 448,257. The firm has a market capitalization of $2,494.23, a PE ratio of 23.14 and a beta of 1.21. Union Bankshares has a 52 week low of $29.50 and a 52 week high of $39.37. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.94 and a quick ratio of 0.94.
Union Bankshares (NASDAQ:UBSH) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The business had revenue of $90.64 million for the quarter, compared to analysts’ expectations of $91.35 million. Union Bankshares had a net margin of 18.15% and a return on equity of 8.12%. equities research analysts anticipate that Union Bankshares will post 2.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, February 20th. Stockholders of record on Tuesday, February 6th were given a dividend of $0.21 per share. The ex-dividend date was Monday, February 5th. This represents a $0.84 annualized dividend and a dividend yield of 2.17%. Union Bankshares’s dividend payout ratio is presently 50.30%.
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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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