Ratings Don’t Lie: Brean Capital: Time To Buy Union Bankshares (NASDAQ:UBSH). Valuation Insights

November 30, 2016 - By Louis Casey

Ratings Don't Lie: Brean Capital: Time To Buy Union Bankshares (NASDAQ:UBSH). Valuation Insights

How Brean Capital Rates Union Bankshares (NASDAQ:UBSH)

Investment analysts at Brean Capital placed Hold rating on Union Bankshares (NASDAQ:UBSH). The firm began coverage on UBSHin analysts note shared with investors and clients on Wednesday morning.

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 -26.94% below today’s ($34.49) stock price. 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) earned “Sell” rating by Compass Point on Friday, November 18. The firm has “Sell” rating by Zacks given on Tuesday, August 18. Compass Point downgraded the stock to “Neutral” rating in Tuesday, May 24 report. As per Monday, March 28, the company rating was upgraded by Raymond James. The firm has “Neutral” rating given on Thursday, April 21 by Robert W. Baird. Compass Point maintained Union Bankshares Corp (NASDAQ:UBSH) on Wednesday, October 21 with “Buy” rating. Compass Point upgraded it to “Buy” rating and $28 target price in Wednesday, July 22 report.

About 13,746 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 $19.26M for 19.60 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 Q2 2016. Its up 1.00, from 0.95 in 2016Q1. The ratio increased, 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.

The Connecticut-based Aqr Capital has invested 0% in Union Bankshares Corp (NASDAQ:UBSH). Paloma Prns Management reported 11,250 shares or 0% of all its holdings. Matarin Capital Management Limited Liability Company holds 0% or 137,141 shares in its portfolio. Moreover, Envestnet Asset Mngmt Inc has 0% invested in Union Bankshares Corp (NASDAQ:UBSH) for 2,000 shares. D E Shaw & Company accumulated 0% or 48,525 shares. Moreover, Fmr Ltd has 0% invested in Union Bankshares Corp (NASDAQ:UBSH) for 12,783 shares. Gsa Ptnrs Limited Liability Partnership reported 15,647 shares or 0.02% of all its holdings. Guggenheim Lc accumulated 48,001 shares or 0% of the stock. The France-based Bnp Paribas Inv Partners Sa has invested 0.05% in Union Bankshares Corp (NASDAQ:UBSH). Deprince Race Zollo Inc has 0.01% invested in the company for 28,421 shares. Moreover, Highbridge Mgmt Ltd Com has 0.01% invested in Union Bankshares Corp (NASDAQ:UBSH) for 12,481 shares. Heartland owns 803,678 shares or 1.12% of their US portfolio. Price T Rowe Assocs Md has invested 0.01% of its portfolio in Union Bankshares Corp (NASDAQ:UBSH). Citigroup has 6,247 shares for 0% of their US portfolio. The Kentucky-based Teachers Retirement System Of The State Of Kentucky has invested 0.01% in Union Bankshares Corp (NASDAQ:UBSH).

Insider Transactions: Since October 26, 2016, the stock had 1 buy, and 0 selling transactions for $8,421 net activity. Another trade for 300 shares valued at $8,421 was made 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 20.46 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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