Union Bankshares (UBSH) Rating Increased to Buy at BidaskClub

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Union Bankshares (NASDAQ:UBSH) was upgraded by stock analysts at BidaskClub from a “hold” rating to a “buy” rating in a note issued to investors on Tuesday, BidAskClub reports.

A number of other analysts have also recently issued reports on the stock. Raymond James raised their target price on shares of Union Bankshares from $37.00 to $42.00 and gave the stock a “strong-buy” rating in a research note on Friday, March 15th. Boenning Scattergood began coverage on shares of Union Bankshares in a research note on Wednesday, March 20th. They set a “neutral” rating for the company. ValuEngine upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Zacks Investment Research cut shares of Union Bankshares from a “hold” rating to a “sell” rating in a research note on Saturday, January 19th. Finally, Brean Capital set a $40.00 price objective on shares of Union Bankshares and gave the stock a “buy” rating in a research note on Monday, December 31st. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $41.86.

Union Bankshares stock opened at $34.22 on Tuesday. The firm has a market capitalization of $2.85 billion, a P/E ratio of 12.63 and a beta of 1.38. Union Bankshares has a 1-year low of $26.48 and a 1-year high of $42.74. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.35.

Union Bankshares (NASDAQ:UBSH) last released its earnings results on Tuesday, January 22nd. The financial services provider reported $0.70 earnings per share for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Union Bankshares had a net margin of 23.02% and a return on equity of 9.52%. The business had revenue of $132.58 million during the quarter, compared to the consensus estimate of $131.01 million. On average, research analysts anticipate that Union Bankshares will post 2.84 earnings per share for the current year.

Institutional investors have recently modified their holdings of the business. Shine Investment Advisory Services Inc. raised its position in shares of Union Bankshares by 21.7% in the 4th quarter. Shine Investment Advisory Services Inc. now owns 2,000 shares of the financial services provider’s stock valued at $56,000 after buying an additional 356 shares in the last quarter. Bank of Montreal Can raised its position in shares of Union Bankshares by 32.9% in the 4th quarter. Bank of Montreal Can now owns 3,313 shares of the financial services provider’s stock valued at $93,000 after buying an additional 820 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Union Bankshares by 25.8% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,083 shares of the financial services provider’s stock valued at $115,000 after buying an additional 837 shares in the last quarter. Toth Financial Advisory Corp raised its position in shares of Union Bankshares by 5,900.0% in the 1st quarter. Toth Financial Advisory Corp now owns 6,000 shares of the financial services provider’s stock valued at $194,000 after buying an additional 5,900 shares in the last quarter. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA acquired a new position in shares of Union Bankshares in the 1st quarter valued at approximately $209,000. Institutional investors and hedge funds own 62.27% of the company’s stock.

Union Bankshares Company Profile

Union Bankshares Corporation provides banking solutions. It offers demand deposits and interest and non-interest bearing time and savings deposits. The bank's deposits include jumbo deposits and retail time deposits. The bank provides commercial and industrial loans, consumer loans, commercial real estate loans, and other loans and leases.

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Analyst Recommendations for Union Bankshares (NASDAQ:UBSH)

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