Union Bankshares Corp (UBSH) is Downgraded by Compass Point to Neutral, Price Target at $29

Union Bankshares Corp (UBSH) was Downgraded by Compass Point to ” Neutral” and the brokerage firm has set the Price Target at $29. Earlier the firm had a rating of “Buy ” on the company shares. Compass Point advised their investors in a research report released on May 24, 2016.

Many Wall Street Analysts have commented on Union Bankshares Corp. Union Bankshares Corp was Upgraded by Raymond James to ” Strong Buy” on Mar 28, 2016.

Union Bankshares Corp opened for trading at $26.12 and hit $26.52 on the upside on Friday, eventually ending the session at $26.38, with a gain of 1.07% or 0.28 points. The heightened volatility saw the trading volume jump to 93,523 shares. Company has a market cap of $1,154,468 M.

In a different news, on Mar 10, 2016, Jan S Hoover (director) purchased 528 shares at $23.82 per share price. According to the SEC, on Feb 19, 2016, Ronald L Tillett (director) purchased 1,000 shares at $22.14 per share price. On Dec 11, 2015, Jeffrey W Farrar (EVP) sold 3,000 shares at $26.55 per share price, according to the Form-4 filing with the securities and exchange commission.

Union Bankshares Corporation formerly Union First Market Bankshares Corporation is 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 in two segments: its traditional full service community banking segment and its mortgage loan origination business segment. The community bank segment includes one subsidiary bank which provides loan deposit investment and trust services to retail and commercial customers throughout approximately 131 retail locations in Virginia. The mortgage segment includes UMG which provides a variety of mortgage loan products in Virginia North Carolina South Carolina Maryland and the Washington D.C. metro area.

Union Bankshares Corp

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