Union Bankshares (UBSH) Rating Reiterated by Brean Capital

Brean Capital reissued their hold rating on shares of Union Bankshares (NASDAQ:UBSH) in a report issued on Monday, February 5th.

UBSH has been the subject of a number of other reports. Zacks Investment Research raised shares of Union Bankshares from a hold rating to a strong-buy rating and set a $44.00 price objective for the company in a report on Saturday, January 13th. Merion Capital Group lifted their price objective on shares of 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 shares of Union Bankshares and gave the stock a hold rating in a report on Thursday, January 4th. BidaskClub downgraded shares of Union Bankshares from a hold rating to a sell rating in a research note on Wednesday, January 3rd. Finally, ValuEngine downgraded shares of Union Bankshares from a buy rating to a hold rating in a research note on Tuesday, October 10th. Five investment analysts have rated the stock with a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The stock presently has a consensus rating of Buy and a consensus price target of $41.80.

Shares of Union Bankshares (NASDAQ UBSH) opened at $37.59 on Monday. Union Bankshares has a fifty-two week low of $29.50 and a fifty-two week high of $39.37. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. The stock has a market cap of $2,436.39, a price-to-earnings ratio of 19.41 and a beta of 1.21.

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 analysts’ consensus estimates of $0.51 by $0.01. Union Bankshares had a net margin of 18.15% and a return on equity of 8.12%. The company had revenue of $90.64 million during the quarter, compared to the consensus estimate of $91.35 million. research analysts predict that Union Bankshares will post 2.51 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th will be paid a $0.21 dividend. This represents a $0.84 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, February 5th. Union Bankshares’s dividend payout ratio is presently 50.30%.

In other Union Bankshares news, EVP John G. Jr. Stallings purchased 1,373 shares of the stock in a transaction on Thursday, December 14th. The stock was acquired at an average cost of $36.22 per share, with a total value of $49,730.06. Following the completion of the purchase, the executive vice president now directly owns 9,582 shares of the company’s stock, valued at approximately $347,060.04. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 2.18% of the company’s stock.

Large investors have recently modified their holdings of the company. Quantitative Systematic Strategies LLC bought a new position in shares of Union Bankshares during the third quarter valued at about $626,000. California Public Employees Retirement System raised its stake in shares of Union Bankshares by 9.6% during the third quarter. California Public Employees Retirement System now owns 74,338 shares of the financial services provider’s stock valued at $2,624,000 after acquiring an additional 6,538 shares during the last quarter. Principal Financial Group Inc. raised its stake in shares of Union Bankshares by 7.2% during the third quarter. Principal Financial Group Inc. now owns 532,268 shares of the financial services provider’s stock valued at $18,789,000 after acquiring an additional 35,711 shares during the last quarter. Martin & Co. Inc. TN raised its stake in shares of Union Bankshares by 35.0% during the third quarter. Martin & Co. Inc. TN now owns 69,246 shares of the financial services provider’s stock valued at $2,444,000 after acquiring an additional 17,941 shares during the last quarter. Finally, FMR LLC raised its stake in shares of Union Bankshares by 357.4% during the second quarter. FMR LLC now owns 52,984 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 41,400 shares during the last quarter. 64.98% of the stock is owned by hedge funds and other institutional investors.

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Union Bankshares Company Profile

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)

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