Union Bankshares Corporation (NASDAQ:UBSH) declared a quarterly dividend on Friday, October 27th, NASDAQ reports. Stockholders of record on Monday, November 13th will be paid a dividend of 0.21 per share by the financial services provider on Monday, November 27th. This represents a $0.84 annualized dividend and a dividend yield of 2.45%. The ex-dividend date of this dividend is Friday, November 10th. This is an increase from Union Bankshares Corporation’s previous quarterly dividend of $0.20.
Union Bankshares Corporation (NASDAQ:UBSH) opened at $34.33 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.42. The firm has a market capitalization of $1,473.11, a PE ratio of 18.01 and a beta of 1.25. Union Bankshares Corporation has a one year low of $29.50 and a one year high of $39.37.
Union Bankshares Corporation (NASDAQ:UBSH) last posted its quarterly earnings results on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.49. The firm had revenue of $88.73 million during the quarter, compared to the consensus estimate of $91.68 million. Union Bankshares Corporation had a return on equity of 7.98% and a net margin of 20.02%. equities research analysts expect that Union Bankshares Corporation will post 1.88 EPS for the current fiscal year.
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A number of analysts have recently issued reports on UBSH shares. Zacks Investment Research cut Union Bankshares Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub cut Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a research note on Wednesday, August 2nd. Finally, ValuEngine lowered Union Bankshares Corporation from a “buy” rating to a “hold” rating in a research note on Friday, September 1st. Two equities research analysts have rated the stock with a sell rating, two have issued a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.33.
Union Bankshares Corporation 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.
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