Union Bankshares (NASDAQ:UBSH) was upgraded by equities researchers at BidaskClub from a “sell” rating to a “hold” rating in a research note issued to investors on Thursday.

Several other equities research analysts have also recently weighed in on UBSH. Brean Capital reissued a “hold” rating on shares of Union Bankshares in a research note on Thursday, May 3rd. ValuEngine raised Union Bankshares from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Barclays started coverage on Union Bankshares in a research note on Friday, June 1st. They set an “equal weight” rating and a $44.00 price objective on the stock. Zacks Investment Research cut Union Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday, July 7th. Finally, Raymond James boosted their price objective on Union Bankshares from $45.00 to $47.00 and gave the stock a “strong-buy” rating in a research note on Monday, August 20th. Six equities research analysts have rated the stock with a hold rating, one has assigned a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of $44.20.

Shares of NASDAQ UBSH opened at $42.09 on Thursday. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.27. Union Bankshares has a 1-year low of $30.45 and a 1-year high of $42.74. The company has a market cap of $2.79 billion, a price-to-earnings ratio of 22.10 and a beta of 1.18.

Union Bankshares (NASDAQ:UBSH) last issued its quarterly earnings data on Wednesday, July 18th. The financial services provider reported $0.82 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.20. Union Bankshares had a return on equity of 9.47% and a net margin of 18.94%. The company had revenue of $148.77 million for the quarter, compared to analysts’ expectations of $130.36 million. analysts predict that Union Bankshares will post 2.77 EPS for the current fiscal year.

In other news, Director G William Beale sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, August 20th. The stock was sold at an average price of $41.56, for a total transaction of $41,560.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Frederick Blair Wimbush bought 1,200 shares of the business’s stock in a transaction dated Tuesday, July 24th. The shares were acquired at an average cost of $41.65 per share, for a total transaction of $49,980.00. Following the purchase, the director now owns 1,200 shares of the company’s stock, valued at approximately $49,980. The disclosure for this purchase can be found here. Corporate insiders own 2.18% of the company’s stock.

Several institutional investors and hedge funds have recently added to or reduced their stakes in UBSH. Bank of Montreal Can grew its stake in shares of Union Bankshares by 1,092.6% during the second quarter. Bank of Montreal Can now owns 2,731 shares of the financial services provider’s stock valued at $106,000 after buying an additional 2,502 shares during the last quarter. Mount Yale Investment Advisors LLC grew its stake in shares of Union Bankshares by 471.6% during the second quarter. Mount Yale Investment Advisors LLC now owns 2,715 shares of the financial services provider’s stock valued at $106,000 after buying an additional 2,240 shares during the last quarter. Strs Ohio bought a new position in shares of Union Bankshares during the second quarter valued at approximately $116,000. Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Union Bankshares by 67.0% during the first quarter. Ladenburg Thalmann Financial Services Inc. now owns 3,490 shares of the financial services provider’s stock valued at $128,000 after buying an additional 1,400 shares during the last quarter. Finally, SG Americas Securities LLC bought a new position in shares of Union Bankshares during the first quarter valued at approximately $166,000. 81.05% of the stock is currently owned by hedge funds and other institutional investors.

About Union Bankshares

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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Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

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