Sandler O’Neill set a $39.00 price objective on Union Bankshares (NASDAQ:UBSH) in a report released on Thursday morning. The brokerage currently has a hold rating on the financial services provider’s stock.
Other research analysts also recently issued research reports about the stock. ValuEngine raised shares of Union Bankshares from a hold rating to a buy rating in a report on Saturday, September 30th. Zacks Investment Research raised shares of Union Bankshares from a sell rating to a hold rating in a report on Thursday, October 5th. Brean Capital reaffirmed a hold rating on shares of Union Bankshares in a report on Monday, October 30th. Finally, BidaskClub downgraded shares of Union Bankshares from a hold rating to a sell rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. The company has an average rating of Buy and an average target price of $39.25.
Union Bankshares (UBSH) traded down $0.06 on Thursday, hitting $35.77. 207,900 shares of the company’s stock traded hands, compared to its average volume of 272,300. Union Bankshares has a twelve month low of $29.50 and a twelve month high of $39.37. The company has a market cap of $1,566.92, a P/E ratio of 19.87 and a beta of 1.28. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.94 and a quick ratio of 0.94.
Union Bankshares (NASDAQ:UBSH) last released its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 EPS for the quarter, meeting the consensus estimate of $0.49. Union Bankshares had a net margin of 20.02% and a return on equity of 7.98%. The business had revenue of $88.73 million during the quarter, compared to the consensus estimate of $91.68 million. analysts forecast that Union Bankshares will post 1.86 earnings per share for the current year.
In other Union Bankshares news, EVP John G. Jr. Stallings purchased 1,373 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was purchased at an average price of $36.22 per share, with a total value of $49,730.06. Following the acquisition, the executive vice president now owns 9,582 shares in the company, valued at $347,060.04. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.18% of the stock is currently owned by company insiders.
Large investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP raised its position in Union Bankshares by 0.3% in the 3rd quarter. Dimensional Fund Advisors LP now owns 3,677,853 shares of the financial services provider’s stock worth $129,827,000 after purchasing an additional 11,030 shares during the period. BlackRock Inc. raised its position in Union Bankshares by 2.0% in the 2nd quarter. BlackRock Inc. now owns 3,166,543 shares of the financial services provider’s stock worth $107,346,000 after purchasing an additional 60,728 shares during the period. Vanguard Group Inc. raised its position in Union Bankshares by 0.5% in the 2nd quarter. Vanguard Group Inc. now owns 2,086,617 shares of the financial services provider’s stock worth $70,737,000 after purchasing an additional 9,494 shares during the period. Bank of New York Mellon Corp raised its position in Union Bankshares by 59.8% in the 3rd quarter. Bank of New York Mellon Corp now owns 1,792,680 shares of the financial services provider’s stock worth $63,282,000 after purchasing an additional 671,092 shares during the period. Finally, Northern Trust Corp raised its position in Union Bankshares by 1.2% in the 2nd quarter. Northern Trust Corp now owns 1,387,345 shares of the financial services provider’s stock worth $47,031,000 after purchasing an additional 16,918 shares during the period. 64.54% of the stock is owned by hedge funds and other institutional investors.
About Union Bankshares
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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