Union Bankshares (UBSH) Getting Somewhat Favorable Media Coverage, Report Finds

Media stories about Union Bankshares (NASDAQ:UBSH) have been trending somewhat positive recently, according to Accern Sentiment Analysis. Accern rates the sentiment of press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Union Bankshares earned a daily sentiment score of 0.13 on Accern’s scale. Accern also assigned media headlines about the financial services provider an impact score of 46.1477499446852 out of 100, meaning that recent press coverage is somewhat unlikely to have an impact on the stock’s share price in the near term.

Here are some of the news stories that may have impacted Accern Sentiment’s rankings:

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NASDAQ:UBSH traded down $0.77 on Friday, reaching $36.07. The stock had a trading volume of 275,524 shares, compared to its average volume of 509,863. The company has a debt-to-equity ratio of 0.41, a current ratio of 0.94 and a quick ratio of 0.94. The stock has a market cap of $2,407.96, a P/E ratio of 18.88 and a beta of 1.15. Union Bankshares has a 12-month low of $29.50 and a 12-month high of $39.80.

Union Bankshares (NASDAQ:UBSH) last posted its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.52 earnings per share for the quarter, beating analysts’ consensus estimates of $0.51 by $0.01. The company had revenue of $90.64 million during the quarter, compared to analysts’ expectations of $91.35 million. Union Bankshares had a net margin of 18.15% and a return on equity of 8.09%. equities analysts expect that Union Bankshares will post 2.51 earnings per share for the current year.

Several brokerages have weighed in on UBSH. Zacks Investment Research downgraded Union Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. BidaskClub raised shares of Union Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, January 11th. Brean Capital reissued a “hold” rating on shares of Union Bankshares in a research note on Tuesday, January 23rd. Finally, Merion Capital Group boosted their price objective on shares of Union Bankshares from $45.00 to $47.00 and gave the company an “outperform” rating in a research note on Wednesday, January 24th. Five equities research analysts have rated the stock with a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. Union Bankshares currently has a consensus rating of “Buy” and a consensus target price of $41.80.

In other news, Director G William Beale sold 32,064 shares of the company’s stock in a transaction dated Tuesday, March 13th. The shares were sold at an average price of $39.67, for a total value of $1,271,978.88. Following the sale, the director now owns 84,333 shares in the company, valued at approximately $3,345,490.11. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 2.18% of the company’s stock.

ILLEGAL ACTIVITY NOTICE: This report was first reported by BBNS and is the property of of BBNS. If you are accessing this report on another website, it was copied illegally and reposted in violation of US & international trademark & copyright legislation. The original version of this report can be accessed at https://baseballnewssource.com/2018/04/06/somewhat-positive-media-coverage-somewhat-unlikely-to-affect-union-bankshares-ubsh-share-price/2035312.html.

About Union Bankshares

Union Bankshares Corporation is a financial holding company and bank holding company. The Company operates through two segments: a community bank segment and mortgage loan origination business segment. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates.

Insider Buying and Selling by Quarter for Union Bankshares (NASDAQ:UBSH)

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