Is Union Bankshares Corporation (UBSH)’s Fuel Running Low? The Stock Reaches 52-Week High Today

May 17, 2018 - By Kristen Paramore

Union Bankshares Corporation (NASDAQ:UBSH) Logo

Investors sentiment increased to 1.6 in 2017 Q4. Its up 0.55, from 1.05 in 2017Q3. It is positive, as 7 investors sold Union Bankshares Corporation shares while 43 reduced holdings. 32 funds opened positions while 48 raised stakes. 30.13 million shares or 7.38% more from 28.06 million shares in 2017Q3 were reported.
10,023 were reported by Koch. 18,909 were accumulated by Salzhauer Michael. 7,085 were reported by Balyasny Asset Lc. Alphaone Svcs holds 0.01% of its portfolio in Union Bankshares Corporation (NASDAQ:UBSH) for 600 shares. Citadel Advisors Lc holds 0% or 37,737 shares. Northern Trust Corporation accumulated 1.37 million shares. Massachusetts-based Rhumbline Advisers has invested 0% in Union Bankshares Corporation (NASDAQ:UBSH). Silvercrest Asset Grp Ltd Company accumulated 62,670 shares. Eagle Asset Mngmt Incorporated, Florida-based fund reported 386,363 shares. Ameriprise Financial Incorporated holds 0.02% or 1.02M shares. Union Bancorp accumulated 76,148 shares. Tiaa Cref Invest Management Lc holds 0% in Union Bankshares Corporation (NASDAQ:UBSH) or 198,864 shares. M&T Financial Bank owns 8,907 shares for 0% of their portfolio. Teacher Retirement Sys Of Texas has 0% invested in Union Bankshares Corporation (NASDAQ:UBSH) for 14,833 shares. Deutsche Bank Ag, a Germany-based fund reported 110,083 shares.

Since December 14, 2017, it had 1 buying transaction, and 1 insider sale for $1.22 million activity. Shares for $49,730 were bought by Stallings John G Jr..

The stock of Union Bankshares Corporation (NASDAQ:UBSH) hit a new 52-week high and has $42.69 target or 4.00 % above today’s $41.05 share price. The 5 months bullish chart indicates low risk for the $2.71 billion company. The 1-year high was reported on May, 17 by Barchart.com. If the $42.69 price target is reached, the company will be worth $108.24 million more.
The 52-week high event is an important milestone for every stock because it shows very positive momentum and is time when buyers come in. During such notable technical setup, fundamental investors usually stay away and are careful shorting or selling the stock.

The stock increased 0.71% or $0.29 during the last trading session, reaching $41.05. About 357,609 shares traded. Union Bankshares Corporation (NASDAQ:UBSH) has risen 7.77% since May 17, 2017 and is uptrending. It has underperformed by 3.78% the S&P500.

Analysts await Union Bankshares Corporation (NASDAQ:UBSH) to report earnings on July, 18. They expect $0.62 EPS, up 34.78 % or $0.16 from last year’s $0.46 per share. UBSH’s profit will be $40.87 million for 16.55 P/E if the $0.62 EPS becomes a reality. After $0.59 actual EPS reported by Union Bankshares Corporation for the previous quarter, Wall Street now forecasts 5.08 % EPS growth.

Union Bankshares Corporation (NASDAQ:UBSH) Ratings Coverage

Among 6 analysts covering Union First Market Bankshares Corp (NASDAQ:UBSH), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Union First Market Bankshares Corp had 20 analyst reports since December 1, 2017 according to SRatingsIntel. Brean Capital maintained the shares of UBSH in report on Friday, December 1 with “Hold” rating. Robert W. Baird maintained the shares of UBSH in report on Wednesday, January 24 with “Hold” rating. The company was maintained on Monday, April 16 by Brean Capital. The firm has “Hold” rating given on Tuesday, January 23 by Brean Capital. As per Monday, April 23, the company rating was maintained by Brean Capital. Brean Capital maintained Union Bankshares Corporation (NASDAQ:UBSH) on Monday, February 5 with “Hold” rating. The firm has “Hold” rating given on Wednesday, January 10 by Robert W. Baird. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, February 26. Keefe Bruyette & Woods maintained Union Bankshares Corporation (NASDAQ:UBSH) rating on Tuesday, December 12. Keefe Bruyette & Woods has “Buy” rating and $41.0 target. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, December 21 report.

More notable recent Union Bankshares Corporation (NASDAQ:UBSH) news were published by: Globenewswire.com which released: “William L. Dawkins Named Triangle Market President” on April 30, 2018, also Globenewswire.com with their article: “Research Report Identifies The KEYW Holding, Civeo, L3 Technologies, VOXX International, Union Bankshares, and …” published on April 18, 2018, Globenewswire.com published: “Union Bankshares Corporation Declares Quarterly Dividend” on May 01, 2018. More interesting news about Union Bankshares Corporation (NASDAQ:UBSH) were released by: Seekingalpha.com and their article: “Union Bankshares’ (UBSH) CEO John Asbury on Q1 2018 Results – Earnings Call Transcript” published on April 24, 2018 as well as Globenewswire.com‘s news article titled: “Union Bank & Trust Announces Leadership Change” with publication date: May 03, 2018.

Union Bankshares Corporation operates as the bank holding firm for Union Bank & Trust that provides banking and related financial services to clients and businesses. The company has market cap of $2.71 billion. The firm operates in two divisions, Community Bank and Mortgage. It has a 24.6 P/E ratio. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.

Union Bankshares Corporation (NASDAQ:UBSH) Institutional Positions Chart

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