Union Bankshares Corp. (NASDAQ:UBSH)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $27.41 and last traded at $27.30, with a volume of 61,490 shares traded. The stock had previously closed at $27.22.

UBSH has been the subject of several research reports. Compass Point downgraded shares of Union Bankshares Corp. from a “buy” rating to a “neutral” rating and set a $29.00 price target for the company. in a research note on Tuesday, May 24th. Zacks Investment Research downgraded shares of Union Bankshares Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Robert W. Baird boosted their price target on shares of Union Bankshares Corp. from $23.00 to $25.00 and gave the stock a “neutral” rating in a research note on Thursday, April 21st. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Union Bankshares Corp. from $25.00 to $27.00 and gave the stock a “market perform” rating in a research note on Monday, July 25th. Three analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $28.00.

The stock has a market capitalization of $1.19 billion and a price-to-earnings ratio of 16.89. The stock has a 50 day moving average of $26.03 and a 200-day moving average of $24.99.

Union Bankshares Corp. (NASDAQ:UBSH) last announced its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.41 by $0.03. Equities analysts anticipate that Union Bankshares Corp. will post $1.72 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 19th. Investors of record on Friday, August 5th will be paid a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 2.78%. The ex-dividend date of this dividend is Wednesday, August 3rd.

Several institutional investors have recently made changes to their positions in UBSH. Dimensional Fund Advisors LP increased its position in shares of Union Bankshares Corp. by 6.5% in the fourth quarter. Dimensional Fund Advisors LP now owns 2,888,256 shares of the financial services provider’s stock valued at $72,901,000 after buying an additional 177,150 shares during the last quarter. Matarin Capital Management LLC bought a new position in Union Bankshares Corp. during the fourth quarter worth $1,787,000. New York State Common Retirement Fund increased its position in Union Bankshares Corp. by 16.6% in the fourth quarter. New York State Common Retirement Fund now owns 58,652 shares of the financial services provider’s stock worth $1,480,000 after buying an additional 8,336 shares in the last quarter. First Trust Advisors LP increased its position in Union Bankshares Corp. by 92.4% in the fourth quarter. First Trust Advisors LP now owns 54,543 shares of the financial services provider’s stock worth $1,377,000 after buying an additional 26,197 shares in the last quarter. Finally, Nationwide Fund Advisors increased its position in Union Bankshares Corp. by 2.2% in the fourth quarter. Nationwide Fund Advisors now owns 45,445 shares of the financial services provider’s stock worth $1,147,000 after buying an additional 993 shares in the last quarter.

Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a financial holding company and a bank holding company. The Company offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates are Union Mortgage Group, Inc (UMG), Union Investment Services, Inc and Union Insurance Group, LLC.

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