Union Bankshares Corp (NASDAQ:UBSH) Director G William Beale Sells 32,064 Shares

Union Bankshares Corp (NASDAQ:UBSH) Director G William Beale sold 32,064 shares of the business’s stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $39.67, for a total transaction of $1,271,978.88. Following the completion of the sale, the director now owns 84,333 shares in the company, valued at $3,345,490.11. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link.

Shares of NASDAQ:UBSH opened at $36.07 on Friday. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.94. Union Bankshares Corp has a 52-week low of $29.50 and a 52-week high of $39.80. The company has a market capitalization of $2,425.74, a price-to-earnings ratio of 19.29 and a beta of 1.15.

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Union Bankshares (NASDAQ:UBSH) last issued its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The company had revenue of $90.64 million during 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 anticipate that Union Bankshares Corp will post 2.51 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in the company. UBS Asset Management Americas Inc. boosted its stake in shares of Union Bankshares by 5.7% during the 4th quarter. UBS Asset Management Americas Inc. now owns 26,776 shares of the financial services provider’s stock valued at $968,000 after buying an additional 1,445 shares during the last quarter. Teachers Advisors LLC lifted its stake in Union Bankshares by 2.4% during the fourth quarter. Teachers Advisors LLC now owns 84,044 shares of the financial services provider’s stock worth $3,040,000 after purchasing an additional 1,975 shares during the last quarter. US Bancorp DE lifted its stake in Union Bankshares by 101.5% during the fourth quarter. US Bancorp DE now owns 4,263 shares of the financial services provider’s stock worth $154,000 after purchasing an additional 2,147 shares during the last quarter. American International Group Inc. lifted its stake in Union Bankshares by 8.1% during the third quarter. American International Group Inc. now owns 28,945 shares of the financial services provider’s stock worth $1,022,000 after purchasing an additional 2,164 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Union Bankshares by 3.8% during the third quarter. Allianz Asset Management GmbH now owns 63,751 shares of the financial services provider’s stock worth $2,251,000 after purchasing an additional 2,326 shares during the last quarter. Institutional investors own 47.49% of the company’s stock.

A number of research analysts have issued reports on UBSH shares. Zacks Investment Research upgraded shares of Union Bankshares from a “hold” rating to a “buy” rating and set a $40.00 target price on the stock in a report on Saturday, January 6th. BidaskClub upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Brean Capital reiterated a “hold” rating on shares of Union Bankshares in a report on Tuesday, January 23rd. 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. Finally, Merion Capital Group increased 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. Five analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.80.

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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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