BidaskClub downgraded shares of Union Bankshares Corporation (NASDAQ:UBSH) from a hold rating to a sell rating in a research note released on Wednesday.

UBSH has been the subject of a number of other reports. ValuEngine upgraded shares of Union Bankshares Corporation from a hold rating to a buy rating in a report on Friday, June 16th. UBS AG raised 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. raised shares of Union Bankshares Corporation from an outperform rating to a strong-buy rating in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods raised shares of Union Bankshares Corporation from a market perform rating to an outperform rating and upped their price objective for the company from $37.00 to $38.00 in a research report on Tuesday, May 23rd. Finally, Zacks Investment Research lowered shares of Union Bankshares Corporation from a strong-buy rating to a hold rating in a research report on Wednesday, March 29th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have issued a strong buy rating to the stock. The stock has a consensus rating of Buy and an average target price of $39.25.

Union Bankshares Corporation (NASDAQ:UBSH) traded down 1.10% during trading on Wednesday, reaching $33.28. The company’s stock had a trading volume of 93,796 shares. The firm has a market capitalization of $1.45 billion, a P/E ratio of 18.24 and a beta of 1.25. 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 has a 52 week low of $23.73 and a 52 week high of $39.37.

Union Bankshares Corporation (NASDAQ:UBSH) last released its quarterly earnings results on Wednesday, April 19th. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.01. Union Bankshares Corporation had a net margin of 21.26% and a return on equity of 7.95%. The company had revenue of $85.41 million during the quarter, compared to analysts’ expectations of $86.10 million. On average, equities analysts anticipate that Union Bankshares Corporation will post $1.93 EPS for the current fiscal year.

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Hedge funds have recently bought and sold shares of the company. TFS Capital LLC purchased a new stake in Union Bankshares Corporation during the first quarter valued at $371,000. UBS Asset Management Americas Inc. boosted its stake in Union Bankshares Corporation by 114.5% in the first quarter. UBS Asset Management Americas Inc. now owns 16,454 shares of the financial services provider’s stock valued at $579,000 after buying an additional 8,783 shares during the period. Swiss National Bank boosted its stake in 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 valued at $2,531,000 after buying an additional 1,100 shares during the period. Bank of New York Mellon Corp boosted its stake in Union Bankshares Corporation by 5.5% in the first quarter. Bank of New York Mellon Corp now owns 304,892 shares of the financial services provider’s stock valued at $10,726,000 after buying an additional 15,940 shares during the period. Finally, Capital Fund Management S.A. bought a new stake in Union Bankshares Corporation during the first quarter valued at approximately $285,000. 60.02% of the stock is owned by institutional investors.

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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