Brean Capital reaffirmed their hold rating on shares of Union Bankshares Corporation (NASDAQ:UBSH) in a research note published on Monday morning.

UBSH has been the subject of several other research reports. Zacks Investment Research cut shares of Union Bankshares Corporation from a hold rating to a sell rating in a research note on Saturday, October 21st. ValuEngine cut shares of Union Bankshares Corporation from a buy rating to a hold rating in a research note on Friday, September 1st. Finally, BidaskClub cut shares of Union Bankshares Corporation from a hold rating to a sell rating in a research note on Wednesday, July 12th. Two analysts have rated the stock with a sell rating, two have assigned a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock has a consensus rating of Buy and a consensus price target of $39.33.

Union Bankshares Corporation (NASDAQ UBSH) traded up 1.64% on Monday, hitting $34.73. 77,351 shares of the stock traded hands. The stock has a market cap of $1.52 billion, a price-to-earnings ratio of 19.36 and a beta of 1.25. The firm’s 50 day moving average is $34.22 and its 200 day moving average is $33.37. Union Bankshares Corporation has a 52 week low of $27.23 and a 52 week high of $39.37.

Union Bankshares Corporation (NASDAQ:UBSH) last issued its quarterly earnings data on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share for the quarter, hitting the consensus estimate of $0.49. Union Bankshares Corporation had a net margin of 20.02% and a return on equity of 8.03%. The business had revenue of $88.73 million during the quarter, compared to analysts’ expectations of $91.68 million. Equities analysts anticipate that Union Bankshares Corporation will post $1.82 earnings per share for the current year.

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The company also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be issued a $0.21 dividend. This is a positive change from Union Bankshares Corporation’s previous quarterly dividend of $0.20. This represents a $0.84 annualized dividend and a yield of 2.46%. The ex-dividend date of this dividend is Friday, November 10th. Union Bankshares Corporation’s dividend payout ratio (DPR) is currently 44.44%.

A number of hedge funds have recently added to or reduced their stakes in UBSH. UBS Asset Management Americas Inc. increased its holdings in Union Bankshares Corporation by 114.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 16,454 shares of the financial services provider’s stock valued at $579,000 after buying an additional 8,783 shares during the period. Parametric Portfolio Associates LLC increased its holdings in Union Bankshares Corporation by 7.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 67,789 shares of the financial services provider’s stock valued at $2,385,000 after buying an additional 4,745 shares during the period. Teachers Advisors LLC increased its holdings in Union Bankshares Corporation by 306.9% in the 1st quarter. Teachers Advisors LLC now owns 399,241 shares of the financial services provider’s stock valued at $14,045,000 after buying an additional 301,117 shares during the period. California Public Employees Retirement System increased its holdings in Union Bankshares Corporation by 9.9% in the 1st quarter. California Public Employees Retirement System now owns 74,300 shares of the financial services provider’s stock valued at $2,614,000 after buying an additional 6,700 shares during the period. Finally, Legal & General Group Plc increased its holdings in Union Bankshares Corporation by 52.2% in the 1st quarter. Legal & General Group Plc now owns 16,151 shares of the financial services provider’s stock valued at $568,000 after buying an additional 5,539 shares during the period. 63.57% of the stock is currently owned by hedge funds and other institutional investors.

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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