Union Bankshares’ (UBSH) “Hold” Rating Reaffirmed at Brean Capital
Several other research analysts have also issued reports on UBSH. Zacks Investment Research lowered shares of Union Bankshares from a hold rating to a sell rating in a research report on Wednesday, December 20th. BidaskClub cut shares of Union Bankshares from a hold rating to a sell rating in a research report on Wednesday, January 3rd. Sandler O’Neill set a $39.00 price objective on shares of Union Bankshares and gave the stock a hold rating in a research report on Thursday, January 4th. Finally, Merion Capital Group lifted their price objective on shares of Union Bankshares from $45.00 to $47.00 and gave the stock an outperform rating in a research report on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus target price of $41.80.
Union Bankshares stock opened at $36.43 on Monday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41. The company has a market capitalization of $2,388.86, a price-to-earnings ratio of 19.07 and a beta of 1.14. Union Bankshares has a 1 year low of $29.50 and a 1 year high of $39.80.
In other Union Bankshares news, Director G William Beale sold 32,064 shares of Union Bankshares stock in a transaction that occurred on Tuesday, March 13th. The shares were sold at an average price of $39.67, for a total transaction of $1,271,978.88. Following the transaction, the director now directly owns 84,333 shares in the company, valued at approximately $3,345,490.11. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 1.64% of the company’s stock.
Large investors have recently modified their holdings of the business. US Bancorp DE boosted its stake in shares of Union Bankshares by 101.5% during the 4th quarter. US Bancorp DE now owns 4,263 shares of the financial services provider’s stock valued at $154,000 after buying an additional 2,147 shares during the period. Virtu Financial LLC acquired a new stake in shares of Union Bankshares during the 4th quarter valued at $201,000. BB&T Securities LLC acquired a new stake in shares of Union Bankshares during the 4th quarter valued at $205,000. Amalgamated Bank acquired a new stake in shares of Union Bankshares during the 4th quarter valued at $209,000. Finally, Canal Capital Management LLC acquired a new stake in shares of Union Bankshares during the 4th quarter valued at $238,000. 47.44% of the stock is owned by institutional investors.
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Union Bankshares Company Profile
Union Bankshares Corporation operates as the bank holding company for Union Bank & Trust that provides banking and related financial services to consumers and businesses. The company operates in two segments, Community Bank and Mortgage. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.
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