Noteworthy Rating Filing: Is Union Bankshares (NASDAQ:UBSH) a Stock to Watch After Brean Capital Initiation?

November 30, 2016 - By Clifton Ray

Noteworthy Rating Filing: Is Union Bankshares (NASDAQ:UBSH) a Stock to Watch After Brean Capital Initiation?

How Brean Capital Rates Union Bankshares (NASDAQ:UBSH)

In an analyst report revealed to investors and clients on Wednesday morning, research analysts at Brean Capital has begun coverage on shares of Union Bankshares (NASDAQ:UBSH). The broker issued Hold rating on UBSH stock.

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. $29.0 is the highest target while $24 is the lowest. The $25.20 average target is -26.85% below today’s ($34.45) stock price. Union First Market Bankshares Corporation has been the topic of 11 analyst reports since July 22, 2015 according to StockzIntelligence Inc. On Wednesday, July 22 the stock rating was upgraded by Compass Point to “Buy”. The firm has “Strong Buy” rating by Raymond James given on Monday, March 28. The firm has “Buy” rating by Compass Point given on Wednesday, October 21. As per Tuesday, May 24, the company rating was downgraded by Compass Point. The firm has “Neutral” rating by Robert W. Baird given on Thursday, April 21. Compass Point downgraded the stock to “Sell” rating in Friday, November 18 report. Zacks upgraded Union Bankshares Corp (NASDAQ:UBSH) on Tuesday, August 18 to “Sell” rating.

About 11,046 shares traded hands. Union Bankshares Corp (NASDAQ:UBSH) has risen 27.46% since April 27, 2016 and is uptrending. It has outperformed by 22.23% 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 $19.16 million for 19.57 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.

Insitutional Activity: The institutional sentiment increased to 1.95 in 2016 Q2. 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.

Elizabeth Park Capital Advisors Ltd owns 219,052 shares or 2.3% of their US portfolio. The Missouri-based Kennedy Capital Mngmt has invested 0.01% in Union Bankshares Corp (NASDAQ:UBSH). Outfitter Advsr Ltd has 0.32% invested in the company for 29,880 shares. The United Kingdom-based Gsa Ptnrs Llp has invested 0.02% in Union Bankshares Corp (NASDAQ:UBSH). Salzhauer Michael last reported 0.38% of its portfolio in the stock. Matarin Capital Ltd Liability Co has 0% invested in the company for 137,141 shares. The New Jersey-based Blackrock Investment Lc has invested 0.01% in Union Bankshares Corp (NASDAQ:UBSH). Moreover, Thompson Davis And Co has 0.03% invested in Union Bankshares Corp (NASDAQ:UBSH) for 766 shares. Moreover, Banc Funds Co Ltd Liability has 0.74% invested in Union Bankshares Corp (NASDAQ:UBSH) for 515,351 shares. Blackrock Advsrs Ltd holds 21,913 shares or 0% of its portfolio. Teachers Advsrs Inc last reported 75,529 shares in the company. Blackrock Fund accumulated 0.01% or 1.02 million shares. Bnp Paribas Inv Prns holds 0.05% or 227,078 shares in its portfolio. Legal And General Public Ltd Com holds 0% or 6,412 shares in its portfolio. Millennium Mngmt Limited Com holds 253,936 shares or 0.01% of its portfolio.

Insider Transactions: Since October 26, 2016, the stock had 1 insider purchase, and 0 selling transactions for $8,421 net activity. 300 shares with value of $8,421 were bought by Asbury John C on Wednesday, October 26.

Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a financial holding firm and a bank holding company. The company has a market cap of $1.50 billion. The Firm offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. It has a 20.43 P/E ratio. The Company’s non-bank financial services affiliates are Union Mortgage Group, Inc. , Union Investment Services, Inc. and Union Insurance Group, LLC.

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.”

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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