Union Bankshares Corp. (UBSH) Trading Up 1.4%
Shares of Union Bankshares Corp. (NASDAQ:UBSH) were up 1.4% during trading on Wednesday . The company traded as high as $27.93 and last traded at $27.83, with a volume of 246,136 shares traded. The stock had previously closed at $27.45.
A number of analysts have recently commented on UBSH shares. Compass Point cut shares of Union Bankshares Corp. from a “buy” rating to a “neutral” rating and set a $29.00 target price for the company. in a research note on Tuesday, May 24th. Keefe, Bruyette & Woods boosted their target price 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. Finally, Zacks Investment Research cut shares of Union Bankshares Corp. from a “buy” rating to a “hold” rating in a research note on Wednesday, June 29th. Three investment analysts have rated the stock with a hold rating, two have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Union Bankshares Corp. presently has a consensus rating of “Buy” and an average price target of $28.00.
The stock’s 50 day moving average is $26.91 and its 200 day moving average is $25.52. The firm has a market capitalization of $1.21 billion and a P/E ratio of 17.18.
Union Bankshares Corp. (NASDAQ:UBSH) last announced its quarterly earnings data on Friday, July 22nd. The financial services provider reported $0.44 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Equities analysts expect that Union Bankshares Corp. will post $1.72 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 19th. Investors of record on Friday, August 5th were paid a $0.19 dividend. This represents a $0.76 annualized dividend and a dividend yield of 2.73%. The ex-dividend date was Wednesday, August 3rd.
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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