Union Bankshares Corporation (UBSH) Announces Earnings Results

Union Bankshares Corporation (NASDAQ:UBSH) announced its quarterly earnings results on Wednesday. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.49, MarketWatch Earnings reports. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%.

Shares of Union Bankshares Corporation (NASDAQ:UBSH) traded down 0.11% during mid-day trading on Wednesday, reaching $35.28. The company’s stock had a trading volume of 103,755 shares. The firm has a 50-day moving average of $33.10 and a 200-day moving average of $33.35. Union Bankshares Corporation has a 52 week low of $26.68 and a 52 week high of $39.37. The firm has a market capitalization of $1.54 billion, a PE ratio of 19.67 and a beta of 1.25.

A number of analysts have issued reports on the company. ValuEngine downgraded Union Bankshares Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Union Bankshares Corporation 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 Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Union Bankshares Corporation has an average rating of “Buy” and a consensus target price of $39.33.

WARNING: “Union Bankshares Corporation (UBSH) Announces Earnings Results” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/18/union-bankshares-corporation-ubsh-announces-earnings-results.html.

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

Shares of Union Bankshares Corporation (NASDAQ:UBSH) traded down 0.11% during mid-day trading on Wednesday, reaching $35.28. The company’s stock had a trading volume of 103,755 shares. The firm has a 50-day moving average of $33.10 and a 200-day moving average of $33.35. Union Bankshares Corporation has a 52 week low of $26.68 and a 52 week high of $39.37. The firm has a market capitalization of $1.54 billion, a PE ratio of 19.67 and a beta of 1.25.

A number of analysts have issued reports on the company. ValuEngine downgraded Union Bankshares Corporation from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Union Bankshares Corporation 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 Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub downgraded Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Union Bankshares Corporation has an average rating of “Buy” and a consensus target price of $39.33.

WARNING: “Union Bankshares Corporation (UBSH) Announces Earnings Results” was originally reported by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are accessing this report on another domain, it was illegally copied and republished in violation of US and international copyright law. The legal version of this report can be viewed at https://ledgergazette.com/2017/10/18/union-bankshares-corporation-ubsh-announces-earnings-results.html.

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.

Earnings History for Union Bankshares Corporation (NASDAQ:UBSH)

Receive News & Ratings for Union Bankshares Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares Corporation and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply