Union Bankshares (UBSH) Stock Rating Lowered by Compass Point

Union Bankshares (NASDAQ:UBSH) was downgraded by investment analysts at Compass Point from a “buy” rating to a “hold” rating in a report issued on Sunday, The Fly reports. They currently have a $41.00 price objective on the financial services provider’s stock. Compass Point’s price objective indicates a potential upside of 5.34% from the company’s previous close.

Other equities research analysts have also issued reports about the company. BidaskClub upgraded Union Bankshares from a “hold” rating to a “buy” rating in a report on Saturday, June 23rd. Zacks Investment Research upgraded Union Bankshares from a “hold” rating to a “buy” rating and set a $46.00 target price for the company in a report on Tuesday, September 4th. ValuEngine lowered Union Bankshares from a “buy” rating to a “hold” rating in a report on Monday, June 11th. Finally, Brean Capital restated a “hold” rating on shares of Union Bankshares in a report on Monday, August 27th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, two have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $44.00.

Shares of Union Bankshares stock opened at $38.92 on Friday. The stock has a market cap of $2.54 billion, a PE ratio of 20.38 and a beta of 1.17. The company has a debt-to-equity ratio of 0.27, a current ratio of 0.93 and a quick ratio of 0.93. Union Bankshares has a 52-week low of $31.77 and a 52-week high of $42.74.

Union Bankshares (NASDAQ:UBSH) last announced its quarterly earnings results on Wednesday, July 18th. The financial services provider reported $0.82 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.62 by $0.20. The business had revenue of $148.77 million during the quarter, compared to analyst estimates of $130.36 million. Union Bankshares had a return on equity of 9.47% and a net margin of 18.94%. Equities analysts expect that Union Bankshares will post 2.77 earnings per share for the current fiscal year.

In related news, Director G William Beale sold 1,000 shares of the business’s stock in a transaction that occurred 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 completion of the sale, the director now directly owns 100,462 shares in the company, valued at approximately $4,063,687.90. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Frederick Blair Wimbush bought 1,200 shares of Union Bankshares stock in a transaction that occurred on Tuesday, July 24th. The stock was bought at an average price of $41.65 per share, with a total value of $49,980.00. Following the completion of the acquisition, the director now owns 1,200 shares in the company, valued at approximately $49,980. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 3,000 shares of company stock valued at $122,150. Corporate insiders own 1.64% of the company’s stock.

A number of hedge funds and other institutional investors have recently modified their holdings of the business. United Services Automobile Association increased its position in Union Bankshares by 19.1% in the 2nd quarter. United Services Automobile Association now owns 274,969 shares of the financial services provider’s stock worth $10,691,000 after buying an additional 44,180 shares during the period. Moody Aldrich Partners LLC bought a new position in Union Bankshares in the 2nd quarter worth approximately $2,648,000. Mount Yale Investment Advisors LLC increased its position in Union Bankshares by 471.6% in the 2nd quarter. Mount Yale Investment Advisors LLC now owns 2,715 shares of the financial services provider’s stock worth $106,000 after buying an additional 2,240 shares during the period. California Public Employees Retirement System increased its position in Union Bankshares by 8.5% in the 2nd quarter. California Public Employees Retirement System now owns 116,639 shares of the financial services provider’s stock worth $4,535,000 after buying an additional 9,139 shares during the period. Finally, MetLife Investment Advisors LLC increased its position in Union Bankshares by 22.9% in the 2nd quarter. MetLife Investment Advisors LLC now owns 30,030 shares of the financial services provider’s stock worth $1,168,000 after buying an additional 5,587 shares during the period. 75.10% of the stock is currently owned by institutional investors.

About Union Bankshares

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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The Fly

Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

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