Union Bankshares (NASDAQ:UBSH)‘s stock had its “hold” rating reaffirmed by analysts at Brean Capital in a research note issued on Tuesday, January 2nd.
A number of other analysts also recently weighed in on the company. Zacks Investment Research upgraded Union Bankshares from a “sell” rating to a “hold” rating in a report on Wednesday, December 27th. ValuEngine downgraded Union Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Four research analysts have rated the stock with a hold rating, two have given a buy rating and three have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $40.20.
Union Bankshares (NASDAQ UBSH) opened at $38.25 on Tuesday. The stock has a market cap of $1,664.01, a price-to-earnings ratio of 21.25 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.94 and a current ratio of 0.94. Union Bankshares has a 1-year low of $29.50 and a 1-year high of $39.37.
Union Bankshares (NASDAQ:UBSH) last announced its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. The company had revenue of $88.73 million during the quarter, compared to the consensus estimate of $91.68 million. Union Bankshares had a net margin of 20.02% and a return on equity of 7.98%. research analysts predict that Union Bankshares will post 1.86 EPS for the current fiscal year.
In related news, EVP John G. Jr. Stallings acquired 1,373 shares of the firm’s stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average cost of $36.22 per share, for a total transaction of $49,730.06. Following the completion of the acquisition, 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 filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 2.18% of the company’s stock.
A number of institutional investors have recently modified their holdings of UBSH. Schwab Charles Investment Management Inc. grew its holdings in Union Bankshares by 5.3% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 205,604 shares of the financial services provider’s stock worth $6,970,000 after acquiring an additional 10,318 shares during the period. SG Americas Securities LLC acquired a new stake in Union Bankshares during the 2nd quarter worth about $119,000. Bank of New York Mellon Corp grew its holdings in Union Bankshares by 267.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,121,588 shares of the financial services provider’s stock worth $38,022,000 after acquiring an additional 816,696 shares during the period. Legal & General Group Plc grew its holdings in Union Bankshares by 1.8% during the 2nd quarter. Legal & General Group Plc now owns 16,440 shares of the financial services provider’s stock worth $558,000 after acquiring an additional 289 shares during the period. Finally, BNP Paribas Arbitrage SA grew its holdings in Union Bankshares by 895.0% during the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,229 shares of the financial services provider’s stock worth $211,000 after acquiring an additional 5,603 shares during the period. Hedge funds and other institutional investors own 64.54% 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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