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

Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Union Bankshares Corp. from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods increased their price target on 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. Robert W. Baird increased their price target on 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, Compass Point downgraded 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. Three analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $28.00.

The company has a 50-day moving average of $26.18 and a 200 day moving average of $25.10. The company has a market capitalization of $1.18 billion and a price-to-earnings ratio of 16.77.

Union Bankshares Corp. (NASDAQ:UBSH) last released its earnings results on Friday, July 22nd. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Analysts expect that Union Bankshares Corp. will post $1.72 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, August 19th. Shareholders of record on Friday, August 5th will be issued a $0.19 dividend. This represents a $0.76 annualized dividend and a yield of 2.80%. The ex-dividend date is Wednesday, August 3rd.

Other large investors recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP increased its stake in 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 period. Matarin Capital Management LLC bought a new stake in Union Bankshares Corp. during the fourth quarter valued at approximately $1,787,000. First Trust Advisors LP increased its stake 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 valued at $1,377,000 after buying an additional 26,197 shares during the period. New York State Common Retirement Fund increased its stake 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 valued at $1,480,000 after buying an additional 8,336 shares during the period. Finally, Nationwide Fund Advisors increased its stake 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 valued at $1,147,000 after buying an additional 993 shares during the period.

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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