Union Bankshares Corp. (UBSH) Sets New 12-Month High at $27.96
Union Bankshares Corp. (NASDAQ:UBSH) shares reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $27.96 and last traded at $27.71, with a volume of 39,991 shares. The stock had previously closed at $27.55.
Several research analysts have issued reports on the company. Zacks Investment Research upgraded Union Bankshares Corp. from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Wednesday, July 27th. Keefe, Bruyette & Woods increased their price objective on 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. Finally, Compass Point cut Union Bankshares Corp. from a “buy” rating to a “neutral” rating and set a $29.00 price objective for the company. in a research report on Tuesday, May 24th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $28.00.
The stock has a market capitalization of $1.20 billion and a price-to-earnings ratio of 17.04. The firm’s 50-day moving average price is $26.54 and its 200 day moving average price is $25.29.
Union Bankshares Corp. (NASDAQ:UBSH) last announced its earnings results on Friday, July 22nd. The financial services provider reported $0.44 earnings per share for the quarter, beating the consensus estimate of $0.41 by $0.03. On average, equities analysts forecast that Union Bankshares Corp. will post $1.72 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were paid a dividend of $0.19 per share. The ex-dividend date was Wednesday, August 3rd. This represents a $0.76 annualized dividend and a yield of 2.75%.
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 Form 13F filing with the SEC. The institutional investor bought 70,798 shares of the financial services provider’s stock, valued at approximately $1,787,000. Matarin Capital Management LLC owned 0.16% of Union Bankshares Corp. as of its most recent filing with the SEC.
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.
Get Analysts' Upgrades and Downgrades Daily - Enter your email address below to receive a concise daily summary of analysts' upgrades, downgrades and new coverage with MarketBeat.com's FREE daily email newsletter.