Union Bankshares (UBSH) Cut to Sell at BidaskClub
BidaskClub cut shares of Union Bankshares (NASDAQ:UBSH) from a hold rating to a sell rating in a research report report published on Wednesday.
Other research analysts have also recently issued reports about the stock. ValuEngine upgraded shares of Union Bankshares from a hold rating to a buy rating in a report on Saturday, September 30th. Zacks Investment Research upgraded shares of Union Bankshares from a sell rating to a hold rating in a report on Thursday, October 5th. Finally, Brean Capital restated a hold rating on shares of Union Bankshares in a report on Monday, October 30th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, three have assigned a buy rating and two have given a strong buy rating to the company’s stock. Union Bankshares currently has a consensus rating of Buy and an average price target of $39.40.
Shares of Union Bankshares (UBSH) traded up $0.15 during trading on Wednesday, reaching $35.92. 231,086 shares of the company’s stock traded hands, compared to its average volume of 200,861. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.42. Union Bankshares has a one year low of $29.50 and a one year high of $39.37. The company has a market cap of $1,570.85, a PE ratio of 19.21 and a beta of 1.28.
Union Bankshares (NASDAQ:UBSH) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.49. Union Bankshares 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 analysts’ expectations of $91.68 million. research analysts predict that Union Bankshares will post 1.86 earnings per share for the current year.
In other news, EVP John G. Jr. Stallings purchased 1,373 shares of the stock in a transaction dated Thursday, December 14th. The shares were acquired at an average cost of $36.22 per share, for a total transaction of $49,730.06. Following the acquisition, the executive vice president now owns 9,582 shares of the company’s stock, valued at $347,060.04. The acquisition was disclosed in a legal filing with the SEC, which is available through this hyperlink. 2.18% of the stock is currently owned by company insiders.
A number of hedge funds have recently added to or reduced their stakes in UBSH. Bronfman E.L. Rothschild L.P. boosted its stake in Union Bankshares by 3.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,226 shares of the financial services provider’s stock worth $109,000 after purchasing an additional 119 shares in the last quarter. SG Americas Securities LLC acquired a new stake in Union Bankshares in the 2nd quarter worth approximately $119,000. Ameritas Investment Partners Inc. boosted its stake in Union Bankshares by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,789 shares of the financial services provider’s stock worth $128,000 after purchasing an additional 307 shares in the last quarter. Victory Capital Management Inc. boosted its stake in Union Bankshares by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,230 shares of the financial services provider’s stock worth $177,000 after purchasing an additional 783 shares in the last quarter. Finally, BNP Paribas Arbitrage SA boosted its stake in Union Bankshares by 895.0% in the 2nd quarter. BNP Paribas Arbitrage SA now owns 6,229 shares of the financial services provider’s stock worth $211,000 after purchasing an additional 5,603 shares in the last quarter. Institutional investors own 64.54% of the company’s stock.
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Union Bankshares 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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