Somewhat Favorable Press Coverage Somewhat Unlikely to Affect Union Bankshares Corporation (UBSH) Share Price
Headlines about Union Bankshares Corporation (NASDAQ:UBSH) have been trending somewhat positive this week, Accern Sentiment Analysis reports. The research group identifies positive and negative press coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores closest to one being the most favorable. Union Bankshares Corporation earned a news impact score of 0.18 on Accern’s scale. Accern also gave media headlines about the financial services provider an impact score of 45.5815516154532 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
Several brokerages recently commented on UBSH. ValuEngine upgraded shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a report on Monday, October 30th. Zacks Investment Research upgraded shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a report on Wednesday, September 6th. Finally, BidaskClub downgraded shares of Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Two analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $39.33.
Union Bankshares Corporation (NASDAQ UBSH) traded up $0.15 during trading hours on Friday, hitting $33.69. 149,038 shares of the stock traded hands, compared to its average volume of 158,170. Union Bankshares Corporation has a one year low of $29.50 and a one year high of $39.37. The company has a debt-to-equity ratio of 0.42, a quick ratio of 0.93 and a current ratio of 0.94. The company has a market cap of $1,488.64, a P/E ratio of 18.20 and a beta of 1.25.
Union Bankshares Corporation (NASDAQ:UBSH) last posted its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.49. Union Bankshares Corporation had a net margin of 20.02% and a return on equity of 7.98%. The company had revenue of $88.73 million for the quarter, compared to the consensus estimate of $91.68 million. research analysts forecast that Union Bankshares Corporation will post 1.88 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Stockholders of record on Monday, November 13th will be given a dividend of $0.21 per share. This is a positive change from Union Bankshares Corporation’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a dividend yield of 2.49%. The ex-dividend date of this dividend is Friday, November 10th. Union Bankshares Corporation’s payout ratio is 44.44%.
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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