ValuEngine upgraded shares of Union Bankshares Corporation (NASDAQ:UBSH) from a hold rating to a buy rating in a research report sent to investors on Saturday morning.

A number of other equities analysts have also commented on UBSH. BidaskClub upgraded shares of Union Bankshares Corporation from a sell rating to a hold rating in a research report on Saturday, June 10th. Zacks Investment Research upgraded shares of Union Bankshares Corporation from a sell rating to a hold rating in a research report on Wednesday, September 6th. Finally, Brean Capital restated a hold rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, two have issued a hold rating, three have issued a buy rating and two have given a strong buy rating to the company’s stock. The company presently has an average rating of Buy and an average target price of $39.25.

Shares of Union Bankshares Corporation (NASDAQ:UBSH) traded up 1.67% during trading on Friday, hitting $35.30. 214,249 shares of the stock traded hands. Union Bankshares Corporation has a 1-year low of $26.13 and a 1-year high of $39.37. The stock has a 50-day moving average of $31.49 and a 200 day moving average of $33.43. The company has a market cap of $1.54 billion, a P/E ratio of 19.68 and a beta of 1.24.

Union Bankshares Corporation (NASDAQ:UBSH) last issued its earnings results on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share for the quarter, hitting analysts’ consensus estimates of $0.46. The firm had revenue of $87.06 million during the quarter, compared to analyst estimates of $89.67 million. Union Bankshares Corporation had a net margin of 20.42% and a return on equity of 7.97%. On average, equities research analysts predict that Union Bankshares Corporation will post $1.86 EPS for the current fiscal year.

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Several hedge funds have recently added to or reduced their stakes in the company. Dimensional Fund Advisors LP boosted its position in shares of 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 acquiring an additional 146,885 shares during the period. BlackRock Inc. boosted its position in shares of 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 acquiring an additional 60,728 shares during the period. Vaughan Nelson Investment Management L.P. boosted its position in shares of 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 acquiring an additional 36,050 shares during the period. Vanguard Group Inc. boosted its position in shares of 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 acquiring an additional 9,494 shares during the period. Finally, Northern Trust Corp boosted its position in shares of 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 acquiring an additional 16,918 shares during the period. Institutional investors own 64.13% of the company’s stock.

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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