Analysts expect Union Bankshares Corp (NASDAQ:UBSH) to report $0.65 earnings per share for the current fiscal quarter, according to Zacks Investment Research. Two analysts have issued estimates for Union Bankshares’ earnings. Union Bankshares posted earnings per share of $0.59 during the same quarter last year, which indicates a positive year-over-year growth rate of 10.2%. The firm is expected to announce its next quarterly earnings results on Tuesday, April 23rd.
On average, analysts expect that Union Bankshares will report full year earnings of $2.88 per share for the current financial year, with EPS estimates ranging from $2.81 to $2.92. For the next financial year, analysts expect that the business will post earnings of $3.19 per share, with EPS estimates ranging from $3.07 to $3.30. Zacks’ earnings per share calculations are a mean average based on a survey of research firms that follow Union Bankshares.
Union Bankshares (NASDAQ:UBSH) last issued its earnings results on Tuesday, January 22nd. The financial services provider reported $0.70 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.02. The company had revenue of $132.58 million for the quarter, compared to analysts’ expectations of $131.01 million. Union Bankshares had a net margin of 23.02% and a return on equity of 9.60%.
Several equities analysts have recently commented on the stock. Brean Capital restated a “buy” rating and set a $42.00 price target on shares of Union Bankshares in a research report on Thursday, October 18th. BidaskClub upgraded shares of Union Bankshares from a “strong sell” rating to a “sell” rating in a research report on Thursday, October 11th. Sandler O’Neill upgraded shares of Union Bankshares from a “hold” rating to a “buy” rating and set a $42.00 price target for the company in a research report on Thursday, October 18th. Compass Point upgraded shares of Union Bankshares from a “neutral” rating to a “buy” rating in a research report on Wednesday, October 17th. Finally, ValuEngine lowered shares of Union Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, October 17th. Two research analysts have rated the stock with a sell rating, two have issued a hold rating, four have given a buy rating and one has given a strong buy rating to the stock. The stock currently has an average rating of “Hold” and an average price target of $42.57.
Institutional investors and hedge funds have recently made changes to their positions in the stock. Shine Investment Advisory Services Inc. grew its position in 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 grew its position in 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 boosted its position in shares of Union Bankshares by 25.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 4,083 shares of the financial services provider’s stock valued at $115,000 after purchasing an additional 837 shares in the last quarter. JNBA Financial Advisors bought a new position in shares of Union Bankshares during the 3rd quarter valued at about $221,000. Finally, Envestnet Asset Management Inc. bought a new position in shares of Union Bankshares during the 3rd quarter valued at about $222,000. Hedge funds and other institutional investors own 77.53% of the company’s stock.
Shares of NASDAQ:UBSH opened at $32.14 on Friday. The firm has a market cap of $2.17 billion, a price-to-earnings ratio of 11.86 and a beta of 1.39. Union Bankshares has a 1-year low of $26.48 and a 1-year high of $42.74. The company has a debt-to-equity ratio of 0.26, a quick ratio of 0.89 and a current ratio of 0.89.
The business also recently announced a quarterly dividend, which will be paid on Friday, February 22nd. Investors of record on Friday, February 8th will be given a $0.23 dividend. The ex-dividend date of this dividend is Thursday, February 7th. This represents a $0.92 dividend on an annualized basis and a yield of 2.86%. Union Bankshares’s dividend payout ratio is presently 33.95%.
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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