Union First Market Bankshares Corp. Receives a Hold from BB&TBy Jason Carr
BB&T analyst Blair Brantley initiated coverage with a Hold rating on Union First Market Bankshares Corp. (NASDAQ: UBSH) yesterday. The company’s shares closed yesterday at $33.80, close to its 52-week high of $34.60.
Union First Market Bankshares Corp. has an analyst consensus of Moderate Sell.
Union First Market Bankshares Corp.’s market cap is currently $1.47B and has a P/E ratio of 20. The company has a book value ratio of 1.4708.
Based on the recent corporate insider activity of 87 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of UBSH in relation to earlier this year.
Union Bankshares Corp. operates as a bank holding company. It offers financial services through its subsidiaries; Union First Market Bank, StellarOne Bank, Union Mortgage Group, Inc., Union Investment Services, Inc. and Union Insurance Group LLC. It operates through two segments: Community Bank and Mortgage Loan origination business. The Community Bank segment provides loan, deposit, investment, and trust services to retail and commercial customers. The Mortgage Loan segment provides a variety of mortgage loan products principally in Virginia, North Carolina, South Carolina, Maryland and the Washington D.C. metro area. The company was founded in July 1993 and is headquartered in Richmond, VA.