Union Bankshares (NASDAQ:UBSH) was upgraded by equities research analysts at BidaskClub from a “strong sell” rating to a “sell” rating in a research note issued on Thursday.

Other research analysts also recently issued research reports about the stock. Brean Capital reissued a “hold” rating on shares of Union Bankshares in a research report on Monday, July 30th. Zacks Investment Research raised shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Friday, August 10th. Compass Point reissued a “neutral” rating on shares of Union Bankshares in a research report on Monday, October 8th. Finally, Raymond James lifted their price objective on shares of Union Bankshares from $45.00 to $47.00 and gave the company a “strong-buy” rating in a research report on Monday, August 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating, one has given a buy rating and one has given a strong buy rating to the company’s stock. Union Bankshares currently has a consensus rating of “Hold” and an average price target of $44.00.

Shares of UBSH opened at $36.07 on Thursday. Union Bankshares has a one year low of $31.77 and a one year high of $42.74. The stock has a market capitalization of $2.54 billion, a PE ratio of 18.88 and a beta of 1.17. The company has a quick ratio of 0.93, a current ratio of 0.93 and a debt-to-equity ratio of 0.27.

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

In related news, Director Ronald L. Tillett sold 1,000 shares of Union Bankshares stock in a transaction dated Monday, August 6th. The shares were sold at an average price of $40.14, for a total transaction of $40,140.00. Following the completion of the sale, the director now owns 27,214 shares of the company’s stock, valued at approximately $1,092,369.96. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Frederick Blair Wimbush bought 1,200 shares of Union Bankshares stock in a transaction that occurred on Tuesday, July 24th. The shares were bought at an average cost of $41.65 per share, with a total value of $49,980.00. Following the acquisition, the director now directly owns 1,200 shares in the company, valued at approximately $49,980. The disclosure for this purchase can be found here. Insiders have sold a total of 3,000 shares of company stock valued at $122,150 in the last ninety days. 1.64% of the stock is currently owned by insiders.

Hedge funds have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its holdings in shares of Union Bankshares by 12.0% during the 2nd quarter. Schwab Charles Investment Management Inc. now owns 369,470 shares of the financial services provider’s stock worth $14,365,000 after buying an additional 39,691 shares during the period. Wills Financial Group Inc. acquired a new stake in Union Bankshares in the 2nd quarter worth about $209,000. Victory Capital Management Inc. raised its stake in Union Bankshares by 151.8% in the 2nd quarter. Victory Capital Management Inc. now owns 434,290 shares of the financial services provider’s stock worth $16,885,000 after purchasing an additional 261,838 shares in the last quarter. Xact Kapitalforvaltning AB raised its stake in Union Bankshares by 21.2% in the 2nd quarter. Xact Kapitalforvaltning AB now owns 12,016 shares of the financial services provider’s stock worth $467,000 after purchasing an additional 2,100 shares in the last quarter. Finally, Apollo Management Holdings L.P. acquired a new stake in Union Bankshares in the 2nd quarter worth about $2,439,000. 75.10% of the stock is owned by institutional investors and hedge funds.

Union Bankshares Company Profile

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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Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

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