Union Bankshares Corp (UBSH) Expected to Post Earnings of $0.51 Per Share

Equities analysts forecast that Union Bankshares Corp (NASDAQ:UBSH) will report earnings per share of $0.51 for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Union Bankshares’ earnings. Union Bankshares reported earnings per share of $0.48 during the same quarter last year, which would suggest a positive year over year growth rate of 6.3%. The company is expected to issue its next quarterly earnings report before the market opens on Tuesday, January 23rd.

According to Zacks, analysts expect that Union Bankshares will report full year earnings of $1.86 per share for the current fiscal year, with EPS estimates ranging from $1.82 to $1.88. For the next year, analysts expect that the firm will report earnings of $2.23 per share, with EPS estimates ranging from $2.15 to $2.30. Zacks’ EPS averages are an average based on a survey of sell-side research analysts that follow Union Bankshares.

Union Bankshares (NASDAQ:UBSH) last issued its earnings results on Wednesday, October 18th. The financial services provider reported $0.49 EPS for the quarter, meeting analysts’ consensus estimates of $0.49. Union Bankshares had a return on equity of 7.98% and a net margin of 20.02%. The business had revenue of $88.73 million during the quarter, compared to analyst estimates of $91.68 million.

Several research firms recently weighed in on UBSH. ValuEngine downgraded shares of Union Bankshares from a “buy” rating to a “hold” rating in a report on Tuesday, October 10th. Zacks Investment Research raised Union Bankshares from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares in a research report on Monday, October 30th. BidaskClub cut Union Bankshares from a “hold” rating to a “sell” rating in a research report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $39.00 target price on Union Bankshares and gave the stock a “hold” rating in a research report on Thursday. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating, three have assigned a buy rating and two have assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and a consensus price target of $39.40.

Union Bankshares (UBSH) traded up $0.15 on Monday, hitting $35.92. 231,000 shares of the company traded hands, compared to its average volume of 261,975. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.94 and a quick ratio of 0.94. Union Bankshares has a twelve month low of $29.50 and a twelve month high of $39.37. The firm has a market capitalization of $1,570.86, a PE ratio of 19.96 and a beta of 1.28.

In other Union Bankshares news, EVP John G. Jr. Stallings bought 1,373 shares of the firm’s stock in a transaction dated Thursday, December 14th. The shares were bought at an average price of $36.22 per share, for a total transaction of $49,730.06. Following the completion of the acquisition, the executive vice president now owns 9,582 shares of the company’s stock, valued at $347,060.04. The purchase was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.18% of the stock is currently owned by corporate insiders.

Institutional investors and hedge funds have recently modified their holdings of the business. Quantitative Systematic Strategies LLC bought a new stake in Union Bankshares during the 3rd quarter valued at approximately $626,000. Principal Financial Group Inc. raised its holdings in Union Bankshares by 7.2% in the 3rd quarter. Principal Financial Group Inc. now owns 532,268 shares of the financial services provider’s stock worth $18,789,000 after acquiring an additional 35,711 shares during the last quarter. Capital Fund Management S.A. raised its holdings in Union Bankshares by 117.3% in the 2nd quarter. Capital Fund Management S.A. now owns 17,600 shares of the financial services provider’s stock worth $597,000 after acquiring an additional 9,500 shares during the last quarter. Prudential Financial Inc. raised its holdings in Union Bankshares by 18.2% in the 2nd quarter. Prudential Financial Inc. now owns 159,959 shares of the financial services provider’s stock worth $5,422,000 after acquiring an additional 24,660 shares during the last quarter. Finally, Martin & Co. Inc. TN raised its holdings in Union Bankshares by 35.0% in the 3rd quarter. Martin & Co. Inc. TN now owns 69,246 shares of the financial services provider’s stock worth $2,444,000 after acquiring an additional 17,941 shares during the last quarter. Hedge funds and other institutional investors own 64.54% of the company’s stock.

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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.

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