ValuEngine Downgrades Union Bankshares Corporation (UBSH) to Hold

Union Bankshares Corporation (NASDAQ:UBSH) was downgraded by research analysts at ValuEngine from a “buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

A number of other brokerages have also issued reports on UBSH. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares Corporation in a research note on Wednesday, August 2nd. BidaskClub lowered Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Union Bankshares Corporation has an average rating of “Buy” and an average price target of $39.33.

Union Bankshares Corporation (NASDAQ UBSH) opened at 35.32 on Tuesday. The stock has a market capitalization of $1.54 billion, a PE ratio of 19.69 and a beta of 1.25. Union Bankshares Corporation has a 12-month low of $26.46 and a 12-month high of $39.37. The company has a 50-day moving average price of $32.61 and a 200-day moving average price of $33.31.

Union Bankshares Corporation (NASDAQ:UBSH) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $87.06 million for the quarter, compared to analyst estimates of $89.67 million. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. Analysts expect that Union Bankshares Corporation will post $1.86 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “ValuEngine Downgrades Union Bankshares Corporation (UBSH) to Hold” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/valuengine-downgrades-union-bankshares-corporation-ubsh-to-hold.html.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Union Bankshares Corporation by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,666,823 shares of the financial services provider’s stock worth $124,306,000 after buying an additional 146,885 shares in the last quarter. BlackRock Inc. lifted its position in Union Bankshares Corporation by 2.0% during the second quarter. BlackRock Inc. now owns 3,166,543 shares of the financial services provider’s stock worth $107,346,000 after buying an additional 60,728 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Union Bankshares Corporation by 1.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,382,950 shares of the financial services provider’s stock worth $80,783,000 after buying an additional 36,050 shares in the last quarter. Vanguard Group Inc. lifted its position in Union Bankshares Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 2,086,617 shares of the financial services provider’s stock worth $70,737,000 after buying an additional 9,494 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Union Bankshares Corporation by 1.2% duri

A number of other brokerages have also issued reports on UBSH. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares Corporation in a research note on Wednesday, August 2nd. BidaskClub lowered Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a research note on Tuesday, July 25th. Finally, Zacks Investment Research lowered Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. One analyst has rated the stock with a sell rating, three have issued a hold rating, two have assigned a buy rating and two have given a strong buy rating to the company. Union Bankshares Corporation has an average rating of “Buy” and an average price target of $39.33.

Union Bankshares Corporation (NASDAQ UBSH) opened at 35.32 on Tuesday. The stock has a market capitalization of $1.54 billion, a PE ratio of 19.69 and a beta of 1.25. Union Bankshares Corporation has a 12-month low of $26.46 and a 12-month high of $39.37. The company has a 50-day moving average price of $32.61 and a 200-day moving average price of $33.31.

Union Bankshares Corporation (NASDAQ:UBSH) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.46. The firm had revenue of $87.06 million for the quarter, compared to analyst estimates of $89.67 million. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. Analysts expect that Union Bankshares Corporation will post $1.86 earnings per share for the current fiscal year.

TRADEMARK VIOLATION NOTICE: “ValuEngine Downgrades Union Bankshares Corporation (UBSH) to Hold” was first published by The Ledger Gazette and is the property of of The Ledger Gazette. If you are viewing this piece of content on another website, it was illegally stolen and reposted in violation of international copyright & trademark laws. The legal version of this piece of content can be accessed at https://ledgergazette.com/2017/10/10/valuengine-downgrades-union-bankshares-corporation-ubsh-to-hold.html.

A number of institutional investors have recently made changes to their positions in the stock. Dimensional Fund Advisors LP lifted its position in Union Bankshares Corporation by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,666,823 shares of the financial services provider’s stock worth $124,306,000 after buying an additional 146,885 shares in the last quarter. BlackRock Inc. lifted its position in Union Bankshares Corporation by 2.0% during the second quarter. BlackRock Inc. now owns 3,166,543 shares of the financial services provider’s stock worth $107,346,000 after buying an additional 60,728 shares in the last quarter. Vaughan Nelson Investment Management L.P. lifted its position in Union Bankshares Corporation by 1.5% during the second quarter. Vaughan Nelson Investment Management L.P. now owns 2,382,950 shares of the financial services provider’s stock worth $80,783,000 after buying an additional 36,050 shares in the last quarter. Vanguard Group Inc. lifted its position in Union Bankshares Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 2,086,617 shares of the financial services provider’s stock worth $70,737,000 after buying an additional 9,494 shares in the last quarter. Finally, Northern Trust Corp lifted its position in Union Bankshares Corporation by 1.2% during the second quarter. Northern Trust Corp now owns 1,387,345 shares of the financial services provider’s stock worth $47,031,000 after buying an additional 16,918 shares in the last quarter. Hedge funds and other institutional investors own 64.13% of the company’s stock.

About Union Bankshares Corporation

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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