Dividend Report: Union Bankshares Corporation (NASDAQ:UBSH) dividends of $0.20 are projected for the near future; this is why.

Dividend Report: Union Bankshares Corporation (NASDAQ:UBSH) dividends of $0.20 are projected for the near future; this is why.

Union Bankshares Corporation (NASDAQ:UBSH) is expected to pay $0.20 on Nov 28, 2016. The indicated annual dividend is $0.80. Shareholders owning the stock before Nov 9, 2016 will be eligible to receive the payout. Based on Union Bankshares Corporation’s current price of $28.01, the dividend is 0.71%. This dividend’s record date is Nov 14, 2016 and the announcement date is Oct 28, 2016. The stock increased 2.86% or $0.78 during the last trading session, hitting $28.01. Union Bankshares Corp (NASDAQ:UBSH) has risen 11.14% since April 5, 2016 and is uptrending. It has outperformed by 9.19% the S&P500.

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 $1.22 billion. The Firm offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. It has a 16.58 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.

Insitutional Activity: The institutional sentiment decreased to 0.95 in Q2 2016. Its down 0.38, from 1.33 in 2016Q1. The ratio dropped, 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 New York-based Tower Rech Capital Limited Liability Co (Trc) has invested 0.01% in Union Bankshares Corp (NASDAQ:UBSH). Vaughan Nelson Inv Management Limited Partnership last reported 2.21 million shares in the company. Renaissance Technology Lc holds 0.03% or 625,405 shares in its portfolio. 1St, a Texas-based fund reported 11,429 shares. Mendon Capital reported 75,000 shares or 0.19% of all its holdings. Strs Ohio last reported 35,300 shares in the company. Amg Trust Savings Bank holds 0.08% or 36,102 shares in its portfolio. Parametric Assoc Ltd Limited Liability Company holds 0% or 44,170 shares in its portfolio. The Massachusetts-based Numeric Investors Ltd has invested 0.01% in Union Bankshares Corp (NASDAQ:UBSH). Bogle Inv Lp De last reported 0.09% of its portfolio in the stock. Stifel Fincl Corp has 13,471 shares for 0% of their US portfolio. Rhumbline Advisers holds 0.01% of its portfolio in Union Bankshares Corp (NASDAQ:UBSH) for 77,732 shares. Northern Tru Corp has invested 0.01% of its portfolio in Union Bankshares Corp (NASDAQ:UBSH). The Minnesota-based Thrivent Financial For Lutherans has invested 0% in Union Bankshares Corp (NASDAQ:UBSH). Matarin Capital Mgmt Ltd Llc last reported 137,141 shares in the company.

Insider Transactions: Since October 26, 2016, the stock had 1 insider buy, and 0 insider sales for $8,421 net activity. Asbury John C had bought 300 shares worth $8,421 on Wednesday, October 26.

Union Bankshares Corp (NASDAQ:UBSH) Ratings Coverage

Out of 6 analysts covering Union First Market Bankshares Corporation (NASDAQ:UBSH), 1 rate it a “Buy”, 0 “Sell”, while 5 “Hold”. This means 17% are positive. Union First Market Bankshares Corporation has been the topic of 10 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was upgraded by Raymond James on Monday, March 28 to “Strong Buy”. Compass Point upgraded it to “Buy” rating and $28 target price in Wednesday, July 22 report. The rating was upgraded by Zacks to “Sell” on Tuesday, August 18. Compass Point downgraded it to “Neutral” rating and $29 target price in Tuesday, May 24 report. Compass Point maintained the shares of UBSH in a report on Wednesday, October 21 with “Buy” rating. The firm earned “Neutral” rating on Thursday, April 21 by Robert W. Baird.

More recent Union Bankshares Corp (NASDAQ:UBSH) news were published by: Seekingalpha.com which released: “Union Bankshares Is Too Pricey” on November 07, 2016. Also Nasdaq.com published the news titled: “Union Bankshares Corporation Names John C. Asbury President; To Succeed G …” on August 24, 2016. Finance.Yahoo.com‘s news article titled: “Union Bankshares Corporation Declares Quarterly Dividend” with publication date: October 27, 2016 was also an interesting one.

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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