Union Bankshares Corp. (NASDAQ:UBSH) has been given an average rating of “Hold” by the seven brokerages that are currently covering the stock. One research analyst has rated the stock with a sell recommendation, four have issued a hold recommendation, one has assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12-month price target among brokerages that have updated their coverage on the stock in the last year is $27.25.

Several research analysts have recently issued reports on UBSH shares. Zacks Investment Research cut Union Bankshares Corp. from a “buy” rating to a “hold” rating in a research note on Saturday, September 24th. Compass Point reissued a “sell” rating on shares of Union Bankshares Corp. in a research note on Friday, November 18th. Finally, Brean Capital started coverage on Union Bankshares Corp. in a research note on Wednesday. They issued a “hold” rating for the company.

Union Bankshares Corp. (NASDAQ:UBSH) opened at 33.80 on Monday. The firm has a market cap of $1.47 billion, a P/E ratio of 20.01 and a beta of 1.01. The stock has a 50 day moving average price of $29.59 and a 200 day moving average price of $27.35. Union Bankshares Corp. has a 52-week low of $20.57 and a 52-week high of $34.22.

Union Bankshares Corp. (NASDAQ:UBSH) last released its quarterly earnings results on Thursday, October 20th. The financial services provider reported $0.47 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.45 by $0.02. Union Bankshares Corp. had a return on equity of 7.51% and a net margin of 20.86%. Equities analysts predict that Union Bankshares Corp. will post $1.74 earnings per share for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Monday, November 28th. Investors of record on Monday, November 14th were paid a dividend of $0.20 per share. The ex-dividend date of this dividend was Wednesday, November 9th. This represents a $0.80 annualized dividend and a yield of 2.37%. This is a boost from Union Bankshares Corp.’s previous quarterly dividend of $0.19. Union Bankshares Corp.’s dividend payout ratio (DPR) is currently 47.34%.

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A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Victory Capital Management Inc. boosted its position in shares of Union Bankshares Corp. by 4.6% in the third quarter. Victory Capital Management Inc. now owns 4,881 shares of the financial services provider’s stock valued at $131,000 after buying an additional 213 shares in the last quarter. Oak Associates Ltd. OH increased its stake in shares of Union Bankshares Corp. by 2.1% in the second quarter. Oak Associates Ltd. OH now owns 15,185 shares of the financial services provider’s stock valued at $375,000 after buying an additional 310 shares in the last quarter. AMG National Trust Bank increased its stake in shares of Union Bankshares Corp. by 1.3% in the third quarter. AMG National Trust Bank now owns 36,562 shares of the financial services provider’s stock valued at $979,000 after buying an additional 460 shares in the last quarter. Teacher Retirement System of Texas increased its stake in shares of Union Bankshares Corp. by 13.9% in the second quarter. Teacher Retirement System of Texas now owns 6,252 shares of the financial services provider’s stock valued at $154,000 after buying an additional 762 shares in the last quarter. Finally, BlackRock Advisors LLC increased its stake in shares of Union Bankshares Corp. by 3.8% in the second quarter. BlackRock Advisors LLC now owns 21,913 shares of the financial services provider’s stock valued at $541,000 after buying an additional 795 shares in the last quarter. 58.49% of the stock is owned by institutional investors and hedge funds.

About Union Bankshares Corp.

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.

5 Day Chart for NASDAQ:UBSH

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