Union Bankshares Corp (NASDAQ:UBSH) shares reached a new 52-week low during mid-day trading on Thursday . The company traded as low as $31.71 and last traded at $32.24, with a volume of 14311 shares changing hands. The stock had previously closed at $32.70.

Several analysts have weighed in on the company. BidaskClub raised Union Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, August 23rd. Brean Capital reaffirmed a “buy” rating and set a $42.00 target price on shares of Union Bankshares in a research note on Wednesday, October 17th. Zacks Investment Research raised Union Bankshares from a “sell” rating to a “hold” rating in a research note on Friday, August 10th. Compass Point reaffirmed a “neutral” rating on shares of Union Bankshares in a research note on Monday, October 8th. Finally, ValuEngine downgraded Union Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, October 17th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. Union Bankshares presently has an average rating of “Buy” and an average target price of $44.14.

The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $2.16 billion, a price-to-earnings ratio of 17.03 and a beta of 1.22.

Union Bankshares (NASDAQ:UBSH) last announced its earnings results on Wednesday, October 17th. The financial services provider reported $0.61 earnings per share for the quarter, missing the consensus estimate of $0.64 by ($0.03). The business had revenue of $125.85 million for the quarter, compared to the consensus estimate of $132.49 million. Union Bankshares had a net margin of 20.38% and a return on equity of 9.36%. As a group, sell-side analysts predict that Union Bankshares Corp will post 2.66 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which was paid on Friday, November 23rd. Shareholders of record on Friday, November 9th were paid a dividend of $0.23 per share. This represents a $0.92 annualized dividend and a yield of 2.83%. The ex-dividend date of this dividend was Thursday, November 8th. Union Bankshares’s payout ratio is currently 48.17%.

In other news, Director G William Beale sold 1,000 shares of the business’s stock in a transaction on Thursday, September 20th. The stock was sold at an average price of $40.45, for a total value of $40,450.00. Following the sale, the director now owns 100,462 shares of the company’s stock, valued at approximately $4,063,687.90. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.18% of the stock is owned by insiders.

Several institutional investors and hedge funds have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in shares of Union Bankshares by 1.5% in the 3rd quarter. Vanguard Group Inc. now owns 5,459,050 shares of the financial services provider’s stock worth $210,337,000 after buying an additional 78,828 shares in the last quarter. Legal & General Group Plc raised its stake in shares of Union Bankshares by 13.9% in the 3rd quarter. Legal & General Group Plc now owns 24,076 shares of the financial services provider’s stock worth $927,000 after buying an additional 2,933 shares in the last quarter. Teachers Advisors LLC raised its stake in shares of Union Bankshares by 2.5% in the 3rd quarter. Teachers Advisors LLC now owns 138,484 shares of the financial services provider’s stock worth $5,336,000 after buying an additional 3,341 shares in the last quarter. Resources Management Corp CT ADV bought a new stake in shares of Union Bankshares in the 3rd quarter worth $288,000. Finally, Glenmede Trust Co. NA raised its stake in shares of Union Bankshares by 40.6% in the 3rd quarter. Glenmede Trust Co. NA now owns 17,379 shares of the financial services provider’s stock worth $669,000 after buying an additional 5,020 shares in the last quarter. 77.45% of the stock is currently owned by institutional investors.

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Union Bankshares Company Profile (NASDAQ:UBSH)

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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