Press coverage about Union Bankshares Corp (NASDAQ:UBSH) has been trending somewhat positive on Saturday, Alpha One reports. The research group, a unit of Accern, ranks the sentiment of media coverage by analyzing more than 20 million blog and news sources in real-time. Alpha One ranks coverage of public companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Union Bankshares Corp earned a media sentiment score of 0.21 on Alpha One’s scale. Alpha One also assigned news articles about the financial services provider an impact score of 93 out of 100, indicating that recent media coverage is extremely likely to have an effect on the stock’s share price in the near future.
Union Bankshares Corp (NASDAQ:UBSH) opened at 31.72 on Friday. The stock’s 50 day moving average is $34.20 and its 200-day moving average is $34.70. The company has a market capitalization of $1.39 billion, a P/E ratio of 17.38 and a beta of 1.12. Union Bankshares Corp has a 52-week low of $23.28 and a 52-week high of $39.37.
Union Bankshares Corp (NASDAQ:UBSH) last issued its quarterly earnings data on Wednesday, April 19th. The financial services provider reported $0.44 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. The business had revenue of $85.41 million for the quarter, compared to analysts’ expectations of $86.10 million. Union Bankshares Corp had a net margin of 21.18% and a return on equity of 7.82%. Analysts predict that Union Bankshares Corp will post $1.93 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, May 26th. Stockholders of record on Friday, May 12th will be paid a dividend of $0.20 per share. The ex-dividend date of this dividend is Wednesday, May 10th. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.52%. Union Bankshares Corp’s payout ratio is 45.20%.
A number of brokerages have issued reports on UBSH. Zacks Investment Research downgraded shares of Union Bankshares Corp from a “strong-buy” rating to a “hold” rating in a research report on Wednesday, March 29th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares Corp in a research report on Wednesday, January 25th. Finally, Compass Point raised shares of Union Bankshares Corp from a “sell” rating to a “buy” rating and upped their price objective for the stock from $30.00 to $39.00 in a research report on Tuesday, January 24th. Three analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and a consensus price target of $35.00.
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Union Bankshares Corp 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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