Union Bankshares Corporation (NASDAQ:UBSH) Getting Somewhat Positive Press Coverage, Study Finds

Press coverage about Union Bankshares Corporation (NASDAQ:UBSH) has trended somewhat positive recently, according to Accern. The research group ranks the sentiment of press coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Union Bankshares Corporation earned a coverage optimism score of 0.06 on Accern’s scale. Accern also gave news coverage about the financial services provider an impact score of 47.2048232390646 out of 100, indicating that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the next several days.

Shares of Union Bankshares Corporation (NASDAQ:UBSH) opened at 31.22 on Friday. The company has a market capitalization of $1.36 billion, a price-to-earnings ratio of 17.40 and a beta of 1.23. The firm’s 50-day moving average is $32.38 and its 200 day moving average is $34.27. Union Bankshares Corporation has a 12 month low of $26.13 and a 12 month high of $39.37.

Union Bankshares Corporation (NASDAQ:UBSH) last posted its earnings results on Wednesday, July 19th. The financial services provider reported $0.46 EPS for the quarter, meeting analysts’ consensus estimates of $0.46. The firm had revenue of $87.06 million during the quarter, compared to the consensus estimate of $89.67 million. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. Equities analysts expect that Union Bankshares Corporation will post $1.86 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, August 18th. Stockholders of record on Friday, August 4th were given a dividend of $0.20 per share. The ex-dividend date was Wednesday, August 2nd. This represents a $0.80 dividend on an annualized basis and a dividend yield of 2.56%. Union Bankshares Corporation’s dividend payout ratio is currently 44.44%.

A number of equities analysts have recently commented on UBSH shares. Keefe, Bruyette & Woods upgraded shares of Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $38.00 in a research report on Tuesday, May 23rd. UBS AG upgraded shares of Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, May 24th. Raymond James Financial, Inc. upgraded shares of Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, May 24th. BidaskClub upgraded shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. Finally, ValuEngine upgraded shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have given a strong buy rating to the stock. Union Bankshares Corporation presently has a consensus rating of “Buy” and an average target price of $39.25.

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About Union Bankshares Corporation

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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