Union Bankshares (UBSH) Stock Rating Reaffirmed by Brean Capital

Union Bankshares (NASDAQ:UBSH)‘s stock had its “hold” rating reaffirmed by investment analysts at Brean Capital in a research note issued on Thursday.

UBSH has been the topic of several other reports. Zacks Investment Research upgraded Union Bankshares from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective on the stock in a report on Saturday, January 13th. Merion Capital Group lifted their price objective on Union Bankshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a report on Wednesday, January 24th. Sandler O’Neill set a $39.00 price objective on Union Bankshares and gave the stock a “hold” rating in a report on Thursday, January 4th. Finally, BidaskClub cut Union Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $41.80.

How to Become a New Pot Stock Millionaire

UBSH stock opened at $36.07 on Thursday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 0.94. Union Bankshares has a 12-month low of $29.50 and a 12-month high of $39.80. The stock has a market capitalization of $2,407.96, a P/E ratio of 18.88 and a beta of 1.15.

Union Bankshares (NASDAQ:UBSH) last posted its quarterly earnings data 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. Union Bankshares had a return on equity of 8.09% and a net margin of 18.15%. The company had revenue of $90.64 million for the quarter, compared to analysts’ expectations of $91.35 million. analysts expect that Union Bankshares will post 2.51 earnings per share for the current year.

In other Union Bankshares news, Director G William Beale sold 32,064 shares of the firm’s stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $39.67, for a total value of $1,271,978.88. Following the transaction, the director now directly owns 84,333 shares of the company’s stock, valued at approximately $3,345,490.11. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.18% of the company’s stock.

A number of institutional investors and hedge funds have recently added to or reduced their stakes in UBSH. Janus Henderson Group PLC purchased a new position in Union Bankshares in the 3rd quarter worth approximately $21,259,000. Tributary Capital Management LLC purchased a new position in Union Bankshares in the 4th quarter worth approximately $15,187,000. Bank of New York Mellon Corp lifted its stake in Union Bankshares by 13.7% in the 4th quarter. Bank of New York Mellon Corp now owns 2,037,942 shares of the financial services provider’s stock worth $73,712,000 after purchasing an additional 245,262 shares in the last quarter. Phocas Financial Corp. purchased a new position in Union Bankshares in the 4th quarter worth approximately $5,314,000. Finally, Geode Capital Management LLC lifted its stake 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 purchasing an additional 98,920 shares in the last quarter. 47.49% of the stock is currently owned by institutional investors and hedge funds.

COPYRIGHT VIOLATION NOTICE: “Union Bankshares (UBSH) Stock Rating Reaffirmed by Brean Capital” was reported by Ticker Report and is owned by of Ticker Report. If you are viewing this piece of content on another publication, it was stolen and republished in violation of international trademark & copyright legislation. The legal version of this piece of content can be read at https://www.tickerreport.com/banking-finance/3337057/union-bankshares-ubsh-stock-rating-reaffirmed-by-brean-capital.html.

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.

Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

Receive News & Ratings for Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.

Latest News

$1.35 EPS Expected for Darden Restaurants  This Quarter
$1.35 EPS Expected for Darden Restaurants This Quarter
BumbaCoin Reaches Market Cap of $124,516.00
BumbaCoin Reaches Market Cap of $124,516.00
AICHAIN  Reaches 1-Day Volume of $34,278.00
AICHAIN Reaches 1-Day Volume of $34,278.00
JobsCoin  Trading Down 37.7% Over Last Week
JobsCoin Trading Down 37.7% Over Last Week
$2.56 Billion in Sales Expected for Discover Financial Services  This Quarter
$2.56 Billion in Sales Expected for Discover Financial Services This Quarter
Zacks: Analysts Anticipate Dover Co.  to Post $1.15 Earnings Per Share
Zacks: Analysts Anticipate Dover Co. to Post $1.15 Earnings Per Share


Leave a Reply

© 2006-2018 Ticker Report. Google+.