Union Bankshares Corp (NASDAQ:UBSH) has been downgraded to Hold in a statement by Zacks Investment Research earlier today.
- Updated: September 23, 2016
Displaying a price of $27.27, Union Bankshares Corp (NASDAQ:UBSH) traded -0.98% lower on the day. With the last close up 4.85% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. The company has recorded a 50-day average of $27.27 and a two hundred day average of $26.01. 106,929 shares of the stock were exchanged, down from an average volume of 117,395
Zacks Investment Research has downgraded Union Bankshares Corp (NASDAQ:UBSH) to Hold in a statement released on 09/24/2016.
Previously on Tuesday May 24, 2016, Compass Point released a statement about Union Bankshares Corp (NASDAQ:UBSH) increased the target price from $0.00 to $29.00 that suggested an upside of 0.09%.
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Union Bankshares Corp has 52 week low of $20.57 and a one year high of $27.96 with a PE ratio of 16.83 and has a market capitalization of $0.
A total of 6 analysts have released a research note on Union Bankshares Corp. Three analysts rating the company a strong buy, 0 firms rating the company a buy, four brokers rating the stock a hold, 0 firms rating the company a underperform, and finally zero brokers rating the stock a sell with a consensus target price of $27.67.
About Union Bankshares Corp (NASDAQ:UBSH)
Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a financial holding company and a bank holding company. The Company 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 operates through two segments: 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 customers 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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