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Union Bankshares (NASDAQ:UBSH) Has Been Upgraded Today by Sandler O’Neill to a “Buy”

Union Bankshares Corporation (NASDAQ:UBSH) Logo

Investors sentiment decreased to 1.53 in 2018 Q2. Its down 1.42, from 2.95 in 2018Q1. It dived, as 10 investors sold Union Bankshares Corporation shares while 45 reduced holdings. 20 funds opened positions while 64 raised stakes. 54.81 million shares or 23.52% more from 44.37 million shares in 2018Q1 were reported.

First Bank Of Omaha invested in 0.09% or 39,550 shares. 591,522 are held by Principal Gru Inc. California Public Employees Retirement System accumulated 116,639 shares. Citigroup reported 6,216 shares or 0% of all its holdings. 369,470 are owned by Schwab Charles Mngmt. 5.38M were accumulated by Vanguard Group Inc. California State Teachers Retirement Sys stated it has 0.01% of its portfolio in Union Bankshares Corporation (NASDAQ:UBSH). 348,981 were reported by Retail Bank Of America De. D E Shaw Incorporated has 0% invested in Union Bankshares Corporation (NASDAQ:UBSH) for 7,348 shares. Sandy Spring Bancorporation holds 0.01% or 1,500 shares. Heritage Wealth Advsr holds 0.6% of its portfolio in Union Bankshares Corporation (NASDAQ:UBSH) for 41,359 shares. 7,490 were reported by Aqr Cap Mngmt Limited Company. Apollo Mgmt L P accumulated 0.02% or 62,742 shares. 937,112 are held by London Company Of Virginia. Moreover, Bnp Paribas Asset Management Holdg has 0.09% invested in Union Bankshares Corporation (NASDAQ:UBSH) for 290,210 shares.

Since July 24, 2018, it had 1 insider buy, and 3 selling transactions for $73,180 activity. Another trade for 1,000 shares valued at $41,150 was sold by TILLETT RONALD L. On Tuesday, July 24 the insider Wimbush Frederick Blair bought $49,980.

Union Bankshares (NASDAQ:UBSH) Stock Upgrade

In a research report released on Thursday, 18 October, Sandler O’Neill boosted shares of Union Bankshares (NASDAQ:UBSH) to a “Buy”. The previous rating for UBSH was a “Hold”.

Union Bankshares Corporation (NASDAQ:UBSH) Ratings Coverage

Among 5 analysts covering Union First Market Bankshares Corp (NASDAQ:UBSH), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Union First Market Bankshares Corp has $47 highest and $4200 lowest target. $44.33’s average target is 25.47% above currents $35.33 stock price. Union First Market Bankshares Corp had 9 analyst reports since April 23, 2018 according to SRatingsIntel. The company was maintained on Monday, May 21 by Brean Capital. Brean Capital maintained Union Bankshares Corporation (NASDAQ:UBSH) on Monday, April 23 with “Hold” rating. Raymond James maintained Union Bankshares Corporation (NASDAQ:UBSH) rating on Monday, August 20. Raymond James has “Strong Buy” rating and $47 target. The stock of Union Bankshares Corporation (NASDAQ:UBSH) earned “Hold” rating by Brean Capital on Thursday, May 3. The firm earned “Hold” rating on Tuesday, April 24 by Robert W. Baird. The rating was downgraded by Compass Point on Monday, October 8 to “Neutral”. On Monday, June 11 the stock rating was maintained by Brean Capital with “Hold”. As per Friday, May 11, the company rating was maintained by Brean Capital.

The stock decreased 0.90% or $0.32 during the last trading session, reaching $35.33. About 616,082 shares traded or 105.14% up from the average. Union Bankshares Corporation (NASDAQ:UBSH) has risen 28.59% since October 19, 2017 and is uptrending. It has outperformed by 12.97% the S&P500.

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 $2.33 billion. The firm operates in two divisions, Community Bank and Mortgage. It has a 19.37 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.

More important recent Union Bankshares Corporation (NASDAQ:UBSH) news were published by: Seekingalpha.com which released: “Merger Arbitrage Mondays – October 8, 2018” on October 08, 2018, also Globenewswire.com published article titled: “Union Bankshares Corporation Announces Agreement to Acquire Access National Corporation”, Globenewswire.com published: “Union Bankshares Reports Third Quarter Results” on October 17, 2018. More interesting news about Union Bankshares Corporation (NASDAQ:UBSH) was released by: Globenewswire.com and their article: “Union Bankshares Corporation To Release Third Quarter 2018 Results” with publication date: October 08, 2018.

Union Bankshares Corporation (NASDAQ:UBSH) Institutional Positions Chart

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