Union Bankshares (UBSH) – Investment Analysts’ Weekly Ratings Changes

A number of firms have modified their ratings and price targets on shares of Union Bankshares (NASDAQ: UBSH) recently:

  • 3/20/2019 – Union Bankshares was downgraded by analysts at ValuEngine from a “hold” rating to a “sell” rating.
  • 3/20/2019 – Union Bankshares is now covered by analysts at Boenning Scattergood. They set a “neutral” rating on the stock.
  • 3/15/2019 – Union Bankshares had its price target raised by analysts at Raymond James from $37.00 to $42.00. They now have a “strong-buy” rating on the stock.
  • 3/14/2019 – Union Bankshares was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.
  • 2/14/2019 – Union Bankshares was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 2/12/2019 – Union Bankshares was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.

Shares of UBSH stock opened at $33.03 on Friday. The company has a debt-to-equity ratio of 0.35, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market cap of $2.83 billion, a PE ratio of 12.19 and a beta of 1.40. Union Bankshares Corp has a 1-year low of $26.48 and a 1-year high of $42.74.

Union Bankshares (NASDAQ:UBSH) last posted its quarterly earnings data on Tuesday, January 22nd. The financial services provider reported $0.70 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.68 by $0.02. Union Bankshares had a return on equity of 9.52% and a net margin of 23.02%. The firm had revenue of $132.58 million during the quarter, compared to the consensus estimate of $131.01 million. On average, sell-side analysts forecast that Union Bankshares Corp will post 2.86 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 22nd. Investors of record on Friday, February 8th were paid a $0.23 dividend. This represents a $0.92 annualized dividend and a yield of 2.79%. The ex-dividend date was Thursday, February 7th. Union Bankshares’s dividend payout ratio is currently 33.95%.

A number of hedge funds and other institutional investors have recently bought and sold shares of UBSH. Norges Bank acquired a new position in Union Bankshares in the 4th quarter valued at $20,025,000. Jennison Associates LLC raised its stake in Union Bankshares by 263.2% in the 3rd quarter. Jennison Associates LLC now owns 857,694 shares of the financial services provider’s stock valued at $33,047,000 after purchasing an additional 621,560 shares during the last quarter. FMR LLC raised its stake in Union Bankshares by 20.5% in the 4th quarter. FMR LLC now owns 1,364,604 shares of the financial services provider’s stock valued at $38,523,000 after purchasing an additional 231,785 shares during the last quarter. Phocas Financial Corp. raised its stake in Union Bankshares by 56.5% in the 4th quarter. Phocas Financial Corp. now owns 439,616 shares of the financial services provider’s stock valued at $12,410,000 after purchasing an additional 158,666 shares during the last quarter. Finally, BlackRock Inc. raised its stake in Union Bankshares by 3.6% in the 4th quarter. BlackRock Inc. now owns 4,573,443 shares of the financial services provider’s stock valued at $129,110,000 after purchasing an additional 158,178 shares during the last quarter. 61.08% of the stock is owned by hedge funds and other institutional investors.

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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