Union Bankshares Corp. (UBSH) Sees Strong Trading Volume
Union Bankshares Corp. (NASDAQ:UBSH) saw unusually-strong trading volume on Thursday . Approximately 117,288 shares were traded during mid-day trading, an increase of 21% from the previous session’s volume of 96,588 shares.The stock last traded at $27.13 and had previously closed at $26.97.
Several research analysts have weighed in on UBSH shares. Compass Point downgraded shares of Union Bankshares Corp. from a “buy” rating to a “neutral” rating and set a $29.00 price target on the stock. in a research report on Tuesday, May 24th. Zacks Investment Research downgraded shares of Union Bankshares Corp. from a “buy” rating to a “hold” rating in a research report on Wednesday, June 29th. Finally, Keefe, Bruyette & Woods increased 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 report on Monday, July 25th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the stock. Union Bankshares Corp. has a consensus rating of “Buy” and an average target price of $28.00.
The stock has a market cap of $1.18 billion and a PE ratio of 16.72. The company’s 50 day moving average is $26.68 and its 200 day moving average is $25.32.
Union Bankshares Corp. (NASDAQ:UBSH) last released its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.44 EPS for the quarter, beating the consensus estimate of $0.41 by $0.03. Analysts anticipate that Union Bankshares Corp. will post $1.72 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Stockholders of record on Friday, August 5th were issued a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.81%. The ex-dividend date was Wednesday, August 3rd.
A hedge fund recently bought a new stake in Union Bankshares Corp. stock. Matarin Capital Management LLC bought a new stake in shares of Union Bankshares Corp. (NASDAQ:UBSH) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 70,798 shares of the financial services provider’s stock, valued at approximately $1,787,000. Matarin Capital Management LLC owned approximately 0.16% of Union Bankshares Corp. at the end of the most recent 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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