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.
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%.
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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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