Union Bankshares (UBSH) Stock Rating Reaffirmed by Brean Capital

Union Bankshares (NASDAQ:UBSH)‘s stock had its “buy” rating reissued by investment analysts at Brean Capital in a report released on Wednesday.

Several other equities research analysts also recently weighed in on the company. Zacks Investment Research downgraded Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Friday, October 12th. BidaskClub raised Union Bankshares from a “strong sell” rating to a “sell” rating in a report on Thursday, October 11th. Compass Point reissued a “neutral” rating on shares of Union Bankshares in a report on Monday, October 8th. Finally, Raymond James raised their price target on Union Bankshares from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a report on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, three have issued a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $43.71.

NASDAQ UBSH traded up $0.20 during trading on Wednesday, hitting $35.85. The company’s stock had a trading volume of 10,037 shares, compared to its average volume of 413,104. The company has a debt-to-equity ratio of 0.27, a quick ratio of 0.93 and a current ratio of 0.93. The company has a market cap of $2.54 billion, a PE ratio of 18.88 and a beta of 1.17. Union Bankshares has a fifty-two week low of $31.77 and a fifty-two week high of $42.74.

Union Bankshares (NASDAQ:UBSH) last issued its quarterly earnings results on Wednesday, October 17th. The financial services provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The business had revenue of $125.85 million during the quarter, compared to analyst estimates of $132.49 million. Union Bankshares had a return on equity of 9.47% and a net margin of 18.94%. On average, sell-side analysts predict that Union Bankshares will post 2.77 earnings per share for the current fiscal year.

In other news, Director Frederick Blair Wimbush bought 1,200 shares of the firm’s stock in a transaction that occurred on Tuesday, July 24th. The stock was purchased at an average price of $41.65 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director now directly owns 1,200 shares of the company’s stock, valued at approximately $49,980. The purchase was disclosed in a legal filing with the SEC, which is available through this link. Also, Director G William Beale sold 1,000 shares of Union Bankshares stock in a transaction dated Thursday, September 20th. The stock was sold at an average price of $40.45, for a total value of $40,450.00. Following the sale, the director now directly owns 100,462 shares of the company’s stock, valued at approximately $4,063,687.90. The disclosure for this sale can be found here. Insiders have sold 3,000 shares of company stock valued at $122,150 in the last ninety days. Corporate insiders own 1.64% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Bank of Montreal Can raised its position in Union Bankshares by 1,092.6% during the second quarter. Bank of Montreal Can now owns 2,731 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 2,502 shares in the last quarter. Mount Yale Investment Advisors LLC raised its position in Union Bankshares by 471.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 2,715 shares of the financial services provider’s stock valued at $106,000 after acquiring an additional 2,240 shares in the last quarter. Strs Ohio purchased a new position in Union Bankshares during the second quarter valued at approximately $116,000. Ladenburg Thalmann Financial Services Inc. raised its position in Union Bankshares by 67.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,490 shares of the financial services provider’s stock valued at $128,000 after acquiring an additional 1,400 shares in the last quarter. Finally, CIBC Private Wealth Group LLC raised its position in Union Bankshares by 367.4% during the second quarter. CIBC Private Wealth Group LLC now owns 4,987 shares of the financial services provider’s stock valued at $194,000 after acquiring an additional 3,920 shares in the last quarter. 75.10% of the stock is owned by hedge funds and other institutional investors.

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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Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

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