Union Bankshares’ (UBSH) “Hold” Rating Reiterated at Brean Capital

Brean Capital reaffirmed their hold rating on shares of Union Bankshares (NASDAQ:UBSH) in a research report released on Tuesday.

UBSH has been the subject of several other reports. ValuEngine upgraded shares of Union Bankshares from a hold rating to a buy rating in a research report on Saturday, September 30th. Zacks Investment Research lowered shares of Union Bankshares from a hold rating to a sell rating in a research note on Wednesday, December 20th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, two have issued a buy rating and two have given a strong buy rating to the company’s stock. Union Bankshares has an average rating of Buy and an average price target of $39.25.

Union Bankshares (NASDAQ UBSH) traded up $0.09 during trading on Tuesday, reaching $35.86. 56,201 shares of the company traded hands, compared to its average volume of 272,300. Union Bankshares has a 52-week low of $29.50 and a 52-week high of $39.37. The firm has a market capitalization of $1,566.92, a PE ratio of 19.92 and a beta of 1.28. 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 (NASDAQ:UBSH) last released its quarterly earnings data 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 firm had revenue of $88.73 million during the quarter, compared to analysts’ expectations of $91.68 million. research analysts anticipate that Union Bankshares will post 1.86 earnings per share for the current fiscal year.

In related news, EVP John G. Jr. Stallings bought 1,373 shares of the stock in a transaction on Thursday, December 14th. The stock was bought at an average price of $36.22 per share, with a total value of $49,730.06. Following the completion of the purchase, the executive vice president now directly owns 9,582 shares in the company, valued at approximately $347,060.04. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.18% of the company’s stock.

Several hedge funds and other institutional investors have recently bought and sold shares of UBSH. Schwab Charles Investment Management Inc. boosted its stake in shares of Union Bankshares by 5.3% in the second quarter. Schwab Charles Investment Management Inc. now owns 205,604 shares of the financial services provider’s stock valued at $6,970,000 after purchasing an additional 10,318 shares during the period. SG Americas Securities LLC purchased a new position in shares of Union Bankshares in the second quarter valued at approximately $119,000. Bank of New York Mellon Corp boosted its stake in shares of Union Bankshares by 267.9% in the second quarter. Bank of New York Mellon Corp now owns 1,121,588 shares of the financial services provider’s stock valued at $38,022,000 after purchasing an additional 816,696 shares during the period. Legal & General Group Plc boosted its stake in shares of Union Bankshares by 1.8% in the second quarter. Legal & General Group Plc now owns 16,440 shares of the financial services provider’s stock valued at $558,000 after purchasing an additional 289 shares during the period. Finally, BNP Paribas Arbitrage SA boosted its stake in shares of Union Bankshares by 895.0% in the second quarter. BNP Paribas Arbitrage SA now owns 6,229 shares of the financial services provider’s stock valued at $211,000 after purchasing an additional 5,603 shares during the period. 64.54% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

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