The stock of Union Bankshares Corp (NASDAQ:UBSH) reached all time high today, Nov, 29 and still has $34.87 target or 3.00% above today’s $33.85 share price. This indicates more upside for the $1.46B company. This technical setup was reported by Barchart.com. If the $34.87 PT is reached, the company will be worth $43.80 million more.
Trading stocks at an all time highs is usually a winning strategy. An all time high points to a stock which has the most positive fundamentals ever. Even thought the pullback rate is high, if correct risk management is utilized, investors can trade very well such events. About 135,567 shares traded hands or 5.22% up from the average. Union Bankshares Corp (NASDAQ:UBSH) has risen 26.61% since April 26, 2016 and is uptrending. It has outperformed by 21.35% 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 $18.98 million for 19.23 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.
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. Union First Market Bankshares Corporation has been the topic of 11 analyst reports since July 22, 2015 according to StockzIntelligence Inc. The rating was maintained by Compass Point with “Buy” on Wednesday, October 21. The stock has “Sell” rating given by Zacks on Tuesday, August 18. The stock has “Buy” rating given by Compass Point on Wednesday, July 22. Compass Point downgraded the stock to “Sell” rating in Friday, November 18 report. The stock has “Neutral” rating given by Compass Point on Tuesday, May 24. On Thursday, April 21 the stock rating was maintained by Robert W. Baird with “Neutral”. The stock of Union Bankshares Corp (NASDAQ:UBSH) has “Strong Buy” rating given on Monday, March 28 by Raymond James.
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.”
Insitutional Activity: The institutional sentiment increased to 1.95 in 2016 Q2. Its up 1.00, from 0.95 in 2016Q1. The ratio improved, 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 Cap Limited owns 219,052 shares or 2.3% of their US portfolio. California State Teachers Retirement has 90,978 shares for 0% of their US portfolio. The California-based Blackrock Institutional Tru Com Na has invested 0% in Union Bankshares Corp (NASDAQ:UBSH). Ladenburg Thalmann Inc accumulated 0% or 32 shares. Tiaa Cref Investment Ltd Com, a New York-based fund reported 188,016 shares. Etrade Cap Mgmt Ltd Co holds 27,555 shares or 0.04% of its portfolio. Invesco holds 0% or 43,344 shares in its portfolio. Rmb Capital Management Limited Co owns 100,820 shares or 0.13% of their US portfolio. Heartland Advsrs last reported 1.12% of its portfolio in the stock. Teacher Retirement Systems Of Texas last reported 6,252 shares in the company. Matarin Management Lc holds 0% of its portfolio in Union Bankshares Corp (NASDAQ:UBSH) for 137,141 shares. Brandywine Investment Mgmt holds 134,705 shares or 0.02% of its portfolio. Gsa Capital Prns Ltd Liability Partnership holds 0.02% of its portfolio in Union Bankshares Corp (NASDAQ:UBSH) for 15,647 shares. Fmr Ltd has 12,783 shares for 0% of their US portfolio. Sandy Spring Commercial Bank reported 1,500 shares or 0% of all its holdings.
Insider Transactions: Since October 26, 2016, the stock had 1 buy, and 0 selling transactions for $8,421 net activity. Asbury John C bought $8,421 worth of Union Bankshares Corp (NASDAQ:UBSH) on Wednesday, October 26.
More important recent Union Bankshares Corp (NASDAQ:UBSH) news were published by: Streetinsider.com which released: “Form FWP Union Bankshares Corp Filed by: Union Bankshares Corp” on November 29, 2016, also Globenewswire.com published article titled: “Union Bankshares Corporation to Present at Keefe, Bruyette & Woods 2016 …”, Prnewswire.com published: “Union Bankshares Corporation Announces Share Repurchase Authorization” on November 03, 2015. More interesting news about Union Bankshares Corp (NASDAQ:UBSH) was released by: Roanoke.com and their article: “Union Bankshares taps new CEO” with publication date: September 01, 2016.
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.