Union Bankshares (UBSH) Given “Hold” Rating at Brean Capital

Brean Capital restated their hold rating on shares of Union Bankshares (NASDAQ:UBSH) in a research note released on Monday.

A number of other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Union Bankshares from a buy rating to a hold rating in a report on Wednesday, February 14th. Merion Capital Group upped their price objective on shares of Union Bankshares from $45.00 to $47.00 and gave the company an outperform rating in a report on Wednesday, January 24th. BidaskClub downgraded shares of Union Bankshares from a hold rating to a sell rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $39.00 price objective on shares of Union Bankshares and gave the company a hold rating in a report on Thursday, January 4th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company. Union Bankshares presently has an average rating of Buy and an average target price of $41.80.

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Shares of NASDAQ:UBSH opened at $36.33 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2,382.94, a P/E ratio of 19.02 and a beta of 1.15. Union Bankshares has a fifty-two week low of $29.50 and a fifty-two week high of $39.80.

Union Bankshares (NASDAQ:UBSH) last issued its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The company had revenue of $90.64 million for the quarter, compared to the consensus estimate of $91.35 million. Union Bankshares had a net margin of 18.15% and a return on equity of 8.09%. analysts expect that Union Bankshares will post 2.51 EPS for the current year.

In other Union Bankshares news, Director G William Beale sold 32,064 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $39.67, for a total transaction of $1,271,978.88. Following the sale, the director now directly owns 84,333 shares of the company’s stock, valued at $3,345,490.11. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 2.18% of the stock is owned by corporate insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in UBSH. Janus Henderson Group PLC bought a new stake in shares of Union Bankshares during the third quarter valued at about $21,259,000. Tributary Capital Management LLC bought a new stake in shares of Union Bankshares during the fourth quarter valued at about $15,187,000. Bank of New York Mellon Corp increased its position in shares of Union Bankshares by 13.7% during the fourth quarter. Bank of New York Mellon Corp now owns 2,037,942 shares of the financial services provider’s stock valued at $73,712,000 after buying an additional 245,262 shares during the period. Phocas Financial Corp. bought a new stake in shares of Union Bankshares during the fourth quarter valued at about $5,314,000. Finally, Geode Capital Management LLC increased its position in shares of Union Bankshares by 24.9% during the fourth quarter. Geode Capital Management LLC now owns 496,304 shares of the financial services provider’s stock valued at $17,951,000 after buying an additional 98,920 shares during the period. 47.44% of the stock is currently owned by institutional investors and hedge funds.

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About Union Bankshares

Union Bankshares Corporation operates as the bank holding company for Union Bank & Trust that provides banking and related financial services to consumers and businesses. The company operates in two segments, Community Bank and Mortgage. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.

Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

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