Union Bankshares Corporation (UBSH) Receives $38.50 Average Target Price from Brokerages

Union Bankshares Corporation (NASDAQ:UBSH) has received a consensus recommendation of “Buy” from the eight brokerages that are presently covering the company, Marketbeat.com reports. One analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation, three have given a buy recommendation and two have issued a strong buy recommendation on the company. The average 1-year price target among analysts that have issued a report on the stock in the last year is $39.33.

A number of equities analysts have recently weighed in on UBSH shares. Raymond James Financial, Inc. upgraded Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, May 24th. ValuEngine upgraded Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research downgraded Union Bankshares Corporation from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Keefe, Bruyette & Woods upgraded Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and boosted their target price for the stock from $37.00 to $38.00 in a research note on Tuesday, May 23rd. Finally, BidaskClub upgraded Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th.

Several large investors have recently bought and sold shares of the company. 1st Global Advisors Inc. boosted its stake in shares of Union Bankshares Corporation by 0.8% in the first quarter. 1st Global Advisors Inc. now owns 6,599 shares of the financial services provider’s stock worth $232,000 after buying an additional 52 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its stake in shares of Union Bankshares Corporation by 2.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,107 shares of the financial services provider’s stock worth $109,000 after buying an additional 70 shares during the last quarter. Sullivan Bruyette Speros & Blaney LLC boosted its stake in shares of Union Bankshares Corporation by 4.2% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 11,506 shares of the financial services provider’s stock worth $405,000 after buying an additional 465 shares during the last quarter. Trexquant Investment LP boosted its stake in shares of Union Bankshares Corporation by 6.4% in the first quarter. Trexquant Investment LP now owns 10,300 shares of the financial services provider’s stock worth $362,000 after buying an additional 616 shares during the last quarter. Finally, Swiss National Bank boosted its stake in shares of Union Bankshares Corporation by 1.6% in the first quarter. Swiss National Bank now owns 71,958 shares of the financial services provider’s stock worth $2,531,000 after buying an additional 1,100 shares during the last quarter. 60.02% of the stock is currently owned by institutional investors.

Union Bankshares Corporation (NASDAQ UBSH) traded down 0.59% during mid-day trading on Friday, reaching $33.45. The company’s stock had a trading volume of 243,547 shares. The company has a market cap of $1.46 billion, a price-to-earnings ratio of 18.33 and a beta of 1.25. Union Bankshares Corporation has a 52-week low of $23.73 and a 52-week high of $39.37. The firm has a 50 day moving average price of $33.70 and a 200 day moving average price of $35.04.

Union Bankshares Corporation (NASDAQ:UBSH) last announced its earnings results on Wednesday, April 19th. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.01. Union Bankshares Corporation had a return on equity of 7.95% and a net margin of 21.26%. The firm had revenue of $85.41 million for the quarter, compared to the consensus estimate of $86.10 million. Equities research analysts anticipate that Union Bankshares Corporation will post $1.93 earnings per share for the current year.

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Union Bankshares Corporation Company Profile

Union Bankshares Corporation is a financial holding company and bank holding company. The Company operates through two segments: a community bank segment and mortgage loan origination business segment. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates.

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