Union Bankshares Corp (UBSH) Expected to Post Earnings of $0.54 Per Share

Analysts expect Union Bankshares Corp (NASDAQ:UBSH) to report earnings per share of $0.54 for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Union Bankshares’ earnings. The highest EPS estimate is $0.54 and the lowest is $0.53. Union Bankshares reported earnings of $0.44 per share in the same quarter last year, which would indicate a positive year over year growth rate of 22.7%. The business is expected to announce its next earnings results on Wednesday, April 18th.

According to Zacks, analysts expect that Union Bankshares will report full year earnings of $2.51 per share for the current financial year, with EPS estimates ranging from $2.42 to $2.55. For the next financial year, analysts forecast that the firm will report earnings of $2.89 per share, with EPS estimates ranging from $2.72 to $3.00. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that that provide coverage for Union Bankshares.

How to Become a New Pot Stock Millionaire

Union Bankshares (NASDAQ:UBSH) last announced its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. The business had revenue of $90.64 million during the quarter, compared to the consensus estimate of $91.35 million. Union Bankshares had a return on equity of 8.09% and a net margin of 18.15%.

A number of brokerages recently issued reports on UBSH. Zacks Investment Research downgraded Union Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. BidaskClub raised Union Bankshares from a “sell” rating to a “hold” rating in a report on Thursday, January 11th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares in a report on Tuesday, January 23rd. Merion Capital Group upped their price target on Union Bankshares from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. Finally, Sandler O’Neill set a $39.00 price target on Union Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus target price of $41.80.

In other Union Bankshares news, Director G William Beale sold 32,064 shares of the business’s stock in a transaction that occurred on Tuesday, March 13th. The stock was sold at an average price of $39.67, for a total value 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 sale was disclosed in a document filed with the SEC, which is available through this link. 2.18% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. UBS Asset Management Americas Inc. lifted its stake in Union Bankshares by 5.7% in the fourth 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% in the fourth quarter. Teachers Advisors LLC now owns 84,044 shares of the financial services provider’s stock valued at $3,040,000 after buying an additional 1,975 shares during the last quarter. US Bancorp DE lifted its stake in Union Bankshares by 101.5% in the fourth quarter. US Bancorp DE now owns 4,263 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,147 shares during the last quarter. American International Group Inc. lifted its stake in Union Bankshares by 8.1% in the third quarter. American International Group Inc. now owns 28,945 shares of the financial services provider’s stock valued at $1,022,000 after buying an additional 2,164 shares during the last quarter. Finally, Allianz Asset Management GmbH lifted its stake in Union Bankshares by 3.8% in the third quarter. Allianz Asset Management GmbH now owns 63,751 shares of the financial services provider’s stock valued at $2,251,000 after buying an additional 2,326 shares during the last quarter. Institutional investors own 47.60% of the company’s stock.

Union Bankshares (UBSH) opened at $39.58 on Friday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.41. The stock has a market capitalization of $2,582.39, a P/E ratio of 23.70 and a beta of 1.17. Union Bankshares has a fifty-two week low of $29.50 and a fifty-two week high of $39.80.

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, February 20th. Shareholders of record on Tuesday, February 6th were paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend was Monday, February 5th. Union Bankshares’s dividend payout ratio is currently 50.30%.

COPYRIGHT VIOLATION NOTICE: This piece of content was posted by Dispatch Tribunal and is the sole property of of Dispatch Tribunal. If you are viewing this piece of content on another website, it was copied illegally and reposted in violation of U.S. and international trademark & copyright law. The correct version of this piece of content can be accessed at https://www.dispatchtribunal.com/2018/04/08/union-bankshares-corp-ubsh-expected-to-post-earnings-of-0-54-per-share.html.

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.

Get a free copy of the Zacks research report on Union Bankshares (UBSH)

For more information about research offerings from Zacks Investment Research, visit Zacks.com

Receive News & Ratings for Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply