The stock of Union Bankshares Corp (NASDAQ:UBSH) hit a new 52-week high and has $37.07 target or 9.00% above today’s $34.01 share price. The 9 months bullish chart indicates low risk for the $1.47 billion company. The 1-year high was reported on Nov, 29 by Barchart.com. If the $37.07 price target is reached, the company will be worth $132.30M more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock. About 109,063 shares traded hands. Union Bankshares Corp (NASDAQ:UBSH) has risen 26.61% since April 26, 2016 and is uptrending. It has outperformed by 21.35% the S&P500.
Analysts await Union Bankshares Corp (NASDAQ:UBSH) to report earnings on January, 18. They expect $0.44 EPS, up 10.00% or $0.04 from last year’s $0.4 per share. UBSH’s profit will be $19.02 million for 19.32 P/E if the $0.44 EPS becomes a reality. After $0.47 actual EPS reported by Union Bankshares Corp for the previous quarter, Wall Street now forecasts -6.38% negative EPS growth.
Union Bankshares Corp (NASDAQ:UBSH) Ratings Coverage
Out of 6 analysts covering Union First Market Bankshares Corporation (NASDAQ:UBSH), 1 rate it a “Buy”, 1 “Sell”, while 4 “Hold”. This means 17% are positive. Union First Market Bankshares Corporation has been the topic of 11 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The stock of Union Bankshares Corp (NASDAQ:UBSH) has “Buy” rating given on Wednesday, October 21 by Compass Point. Compass Point upgraded Union Bankshares Corp (NASDAQ:UBSH) rating on Wednesday, July 22. Compass Point has “Buy” rating and $28 price target. The firm has “Strong Buy” rating by Raymond James given on Monday, March 28. As per Friday, November 18, the company rating was downgraded by Compass Point. The stock of Union Bankshares Corp (NASDAQ:UBSH) earned “Neutral” rating by Robert W. Baird on Thursday, April 21. The stock of Union Bankshares Corp (NASDAQ:UBSH) has “Sell” rating given on Tuesday, August 18 by Zacks. Compass Point downgraded Union Bankshares Corp (NASDAQ:UBSH) on Tuesday, May 24 to “Neutral” rating.
According to Zacks Investment Research, “Union Bankshares Corporation is the holding company for Union First Market Bank. The Company operates through two segments, Community Bank and Mortgage. The Banks offer a wide range of banking and related financial services including checking, savings, certificates of deposit and other depository services, discount brokerage services, and a variety of loans. It provides credit cards, automated teller machine services, Internet banking services, and online bill payment services, as well as private banking and trust services to individuals and corporations. Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is headquartered in Richmond, Virginia.”
Insitutional Activity: The institutional sentiment increased to 1.95 in Q2 2016. Its up 1.00, from 0.95 in 2016Q1. The ratio is positive, as 12 funds sold all Union Bankshares Corp shares owned while 49 reduced positions. 21 funds bought stakes while 37 increased positions. They now own 24.85 million shares or 1.52% less from 25.24 million shares in 2016Q1.
Susquehanna International Llp owns 15,826 shares or 0% of their US portfolio. Etrade Cap Mgmt Ltd Liability Corporation last reported 27,555 shares in the company. Union Savings Bank Corporation accumulated 1.84% or 193,525 shares. Heartland Advisors Inc last reported 803,678 shares in the company. Vaughan Nelson Inv Mngmt L P has 0.69% invested in the company for 2.21 million shares. Price T Rowe Assocs Inc Md holds 957,730 shares or 0.01% of its portfolio. Raymond James Associate last reported 0% of its portfolio in the stock. Moreover, Kcg Holdings has 0.01% invested in Union Bankshares Corp (NASDAQ:UBSH) for 11,250 shares. Oak Associates Oh last reported 15,185 shares in the company. California State Teachers Retirement System has invested 0% of its portfolio in Union Bankshares Corp (NASDAQ:UBSH). Moreover, Teacher Retirement Sys Of Texas has 0% invested in Union Bankshares Corp (NASDAQ:UBSH) for 6,252 shares. Bnp Paribas Investment Prtn Sa reported 227,078 shares or 0.05% of all its holdings. Principal Fincl Grp Inc holds 0.01% or 225,394 shares in its portfolio. Commercial Bank Of Ny Mellon Corp has invested 0% of its portfolio in Union Bankshares Corp (NASDAQ:UBSH). Strs Ohio accumulated 0% or 35,300 shares.
Insider Transactions: Since October 26, 2016, the stock had 1 insider buy, and 0 insider sales for $8,421 net activity. $8,421 worth of shares were bought by Asbury John C on Wednesday, October 26.
More important recent Union Bankshares Corp (NASDAQ:UBSH) news were published by: Streetinsider.com which released: “Form FWP Union Bankshares Corp Filed by: Union Bankshares Corp” on November 29, 2016, also Globenewswire.com published article titled: “Union Bankshares Corporation to Present at Keefe, Bruyette & Woods 2016 …”, Prnewswire.com published: “Union Bankshares Corporation Announces Share Repurchase Authorization” on November 03, 2015. More interesting news about Union Bankshares Corp (NASDAQ:UBSH) was released by: Finance.Yahoo.com and their article: “Union Bankshares Corporation Names John C. Asbury President; To Succeed G …” with publication date: August 24, 2016.
UBSH Company Profile
Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, incorporated on December 20, 1991, is a financial holding firm and a bank holding company. The Firm offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates are Union Mortgage Group, Inc. (UMG), Union Investment Services, Inc. and Union Insurance Group, LLC. The Company’s UMG provides a range of mortgage products; Union Investment Services, Inc. provides securities, brokerage and investment advisory services, and Union Insurance Group, LLC, an insurance agency, which operates in a joint venture. The Firm operates through two divisions: its traditional full service community banking business and its mortgage banking business. The community bank segment includes one subsidiary bank, which provides loan, deposit, investment and trust services to retail and commercial clients throughout its over 131 retail locations in Virginia. The mortgage segment includes UMG, which provides a range of mortgage loan products in Virginia, North Carolina, South Carolina, Maryland, and the Washington D.C. metro area.
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