Brokerages Set Union Bankshares Corp (NASDAQ:UBSH) Price Target at $40.50

Shares of Union Bankshares Corp (NASDAQ:UBSH) have earned a consensus recommendation of “Buy” from the nine research firms that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, two have issued a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average 1 year target price among brokerages that have issued a report on the stock in the last year is $40.50.

A number of equities research analysts have recently weighed in on UBSH shares. BidaskClub downgraded shares of Union Bankshares from a “strong-buy” rating to a “buy” rating in a research report on Wednesday, May 15th. Zacks Investment Research downgraded shares of Union Bankshares from a “hold” rating to a “sell” rating in a research report on Friday, May 17th. Finally, ValuEngine upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Wednesday, May 1st.

A number of institutional investors and hedge funds have recently made changes to their positions in UBSH. Great West Life Assurance Co. Can raised its position in Union Bankshares by 26.3% during the fourth quarter. Great West Life Assurance Co. Can now owns 8,030 shares of the financial services provider’s stock valued at $218,000 after purchasing an additional 1,674 shares in the last quarter. Stifel Financial Corp raised its position in Union Bankshares by 9.3% during the fourth quarter. Stifel Financial Corp now owns 35,184 shares of the financial services provider’s stock valued at $1,005,000 after purchasing an additional 3,001 shares in the last quarter. Geode Capital Management LLC raised its position in Union Bankshares by 15.4% during the fourth quarter. Geode Capital Management LLC now owns 699,351 shares of the financial services provider’s stock valued at $19,742,000 after purchasing an additional 93,430 shares in the last quarter. Two Sigma Investments LP acquired a new position in Union Bankshares during the fourth quarter valued at approximately $753,000. Finally, Bank of America Corp DE raised its position in Union Bankshares by 21.5% during the fourth quarter. Bank of America Corp DE now owns 424,930 shares of the financial services provider’s stock valued at $11,996,000 after purchasing an additional 75,211 shares in the last quarter. Institutional investors and hedge funds own 64.38% of the company’s stock.

NASDAQ UBSH opened at $36.60 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.90 and a debt-to-equity ratio of 0.30. Union Bankshares has a 1-year low of $26.48 and a 1-year high of $42.74. The company has a 50 day simple moving average of $35.70. The firm has a market capitalization of $3.00 billion, a P/E ratio of 13.51 and a beta of 1.42.

Union Bankshares Company Profile

Union Bankshares Corporation operates as the holding company for Union Bank & Trust that provides banking and related financial services to consumers and businesses. 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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