Union Bankshares Corp (NASDAQ:UBSH) announced a quarterly dividend on Tuesday, January 23rd, NASDAQ reports. Shareholders of record on Tuesday, February 6th will be given a dividend of 0.21 per share by the financial services provider on Tuesday, February 20th. This represents a $0.84 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Monday, February 5th.
Shares of Union Bankshares (NASDAQ:UBSH) opened at $37.59 on Thursday. The company has a market cap of $2,413.39, a P/E ratio of 22.51 and a beta of 1.21. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.42. Union Bankshares has a 12 month low of $29.50 and a 12 month high of $39.37.
Union Bankshares (NASDAQ:UBSH) last released its earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $90.64 million during 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 analysts anticipate that Union Bankshares will post 2.51 earnings per share for the current fiscal year.
Several analysts have commented on the stock. Zacks Investment Research cut shares of Union Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday, October 21st. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares in a research note on Monday, October 30th. BidaskClub raised shares of Union Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Finally, Merion Capital Group lifted their target price on shares of Union Bankshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, two have given a buy rating and two have assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $41.80.
In related news, EVP John G. Jr. Stallings acquired 1,373 shares of the stock in a transaction dated Thursday, December 14th. The stock was bought at an average cost of $36.22 per share, with a total value of $49,730.06. Following the purchase, the executive vice president now directly owns 9,582 shares of the company’s stock, valued at $347,060.04. The transaction was disclosed in a filing with the SEC, which is available through this link. 2.18% of the stock is owned by insiders.
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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.
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