Union Bankshares (NASDAQ:UBSH)‘s stock had its “hold” rating reaffirmed by investment analysts at Brean Capital in a research note issued to investors on Monday.
Several other equities research analysts have also commented on UBSH. BidaskClub upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Sandler O’Neill set a $39.00 price objective on shares of Union Bankshares and gave the stock a “hold” rating in a research report on Thursday, January 4th. Zacks Investment Research upgraded shares of Union Bankshares from a “hold” rating to a “buy” rating and set a $40.00 price objective on the stock in a research report on Saturday, January 6th. Finally, Merion Capital Group boosted their price objective on shares of Union Bankshares from $45.00 to $47.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 24th. Five research analysts have rated the stock with a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $41.80.
NASDAQ:UBSH opened at $36.19 on Monday. The company has a debt-to-equity ratio of 0.41, a quick ratio of 0.94 and a current ratio of 0.94. Union Bankshares has a fifty-two week low of $29.50 and a fifty-two week high of $39.80. The firm has a market cap of $2,388.86, a PE ratio of 18.95 and a beta of 1.14.
Union Bankshares (NASDAQ:UBSH) last posted its quarterly earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.51 by $0.01. Union Bankshares had a net margin of 18.15% and a return on equity of 8.09%. The business had revenue of $90.64 million for the quarter, compared to analysts’ expectations of $91.35 million. equities research analysts expect that Union Bankshares will post 2.51 earnings per share for the current fiscal year.
In related news, Director G William Beale sold 32,064 shares of the business’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $39.67, for a total value of $1,271,978.88. Following the sale, the director now directly owns 84,333 shares in the company, valued at approximately $3,345,490.11. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.64% of the stock is owned by insiders.
A number of large investors have recently added to or reduced their stakes in UBSH. American International Group Inc. lifted its holdings in Union Bankshares by 8.1% in the 3rd quarter. American International Group Inc. now owns 28,945 shares of the financial services provider’s stock valued at $1,022,000 after purchasing an additional 2,164 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in Union Bankshares by 4.9% in the 3rd quarter. Schwab Charles Investment Management Inc. now owns 215,723 shares of the financial services provider’s stock valued at $7,616,000 after purchasing an additional 10,119 shares in the last quarter. Allianz Asset Management GmbH lifted its holdings in Union Bankshares by 3.8% in the 3rd quarter. Allianz Asset Management GmbH now owns 63,751 shares of the financial services provider’s stock valued at $2,251,000 after purchasing an additional 2,326 shares in the last quarter. Janus Henderson Group PLC purchased a new position in Union Bankshares in the 3rd quarter valued at about $21,259,000. Finally, California Public Employees Retirement System lifted its holdings in Union Bankshares by 9.6% in the 3rd quarter. California Public Employees Retirement System now owns 74,338 shares of the financial services provider’s stock valued at $2,624,000 after purchasing an additional 6,538 shares in the last quarter. Institutional investors own 47.44% of the company’s stock.
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Union Bankshares Company Profile
Union Bankshares Corporation operates as the bank holding company for Union Bank & Trust that provides banking and related financial services to consumers and businesses. The company operates in two segments, Community Bank and Mortgage. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.
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