Equities research analysts expect Union Bankshares Corporation (NASDAQ:UBSH) to report earnings of $0.49 per share for the current quarter, Zacks reports. Two analysts have made estimates for Union Bankshares Corporation’s earnings, with the lowest EPS estimate coming in at $0.48 and the highest estimate coming in at $0.49. Union Bankshares Corporation posted earnings per share of $0.47 during the same quarter last year, which suggests a positive year-over-year growth rate of 4.3%. The company is scheduled to announce its next earnings results on Thursday, October 19th.

On average, analysts expect that Union Bankshares Corporation will report full year earnings of $1.88 per share for the current year, with EPS estimates ranging from $1.85 to $1.90. For the next year, analysts forecast that the firm will post earnings of $2.22 per share, with EPS estimates ranging from $2.10 to $2.35. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that that provide coverage for Union Bankshares Corporation.

Union Bankshares Corporation (NASDAQ:UBSH) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.46. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. The company had revenue of $87.06 million for the quarter, compared to analysts’ expectations of $89.67 million.

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

A number of hedge funds and other institutional investors have recently bought and sold shares of the company. Dimensional Fund Advisors LP boosted its position in Union Bankshares Corporation by 4.2% in the second quarter. Dimensional Fund Advisors LP now owns 3,666,823 shares of the financial services provider’s stock valued at $124,306,000 after buying an additional 146,885 shares in the last quarter. BlackRock Inc. boosted its position in Union Bankshares Corporation by 2.0% in the second quarter. BlackRock Inc. now owns 3,166,543 shares of the financial services provider’s stock valued at $107,346,000 after buying an additional 60,728 shares in the last quarter. Vaughan Nelson Investment Management L.P. boosted its position in Union Bankshares Corporation by 1.5% in the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,382,950 shares of the financial services provider’s stock valued at $80,783,000 after buying an additional 36,050 shares in the last quarter. Vanguard Group Inc. boosted its position in Union Bankshares Corporation by 0.5% in the second quarter. Vanguard Group Inc. now owns 2,086,617 shares of the financial services provider’s stock valued at $70,737,000 after buying an additional 9,494 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Union Bankshares Corporation by 1.2% in the second quarter. Northern Trust Corp now owns 1,387,345 shares of the financial services provider’s stock valued at $47,031,000 after buying an additional 16,918 shares in the last quarter. 64.59% of the stock is currently owned by institutional investors and hedge funds.

Shares of Union Bankshares Corporation (UBSH) opened at 31.33 on Friday. Union Bankshares Corporation has a 52 week low of $26.13 and a 52 week high of $39.37. The stock’s 50 day moving average price is $31.71 and its 200-day moving average price is $33.96. The company has a market cap of $1.37 billion, a PE ratio of 17.46 and a beta of 1.23.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Shareholders of record on Friday, August 4th were given a $0.20 dividend. The ex-dividend date was Wednesday, August 2nd. This represents a $0.80 annualized dividend and a yield of 2.55%. Union Bankshares Corporation’s dividend payout ratio is currently 44.44%.

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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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