Union First Market Bankshares Corp (NASDAQ: UBSH) was downgraded by analysts at UBS AG (NYSE: UBS) from a “buy” rating to a “hold” rating in a research report issued to clients and investors on Monday.
Separately, analysts at Stifel Nicolaus downgraded shares of Union First Market Bankshares Corp from a “buy” rating to a “hold” rating in a research note to investors on Monday. Analysts at Zacks Investment Research upgraded shares of Union First Market Bankshares Corp from a “neutral” rating to an “outperform” rating in a research note to investors on Saturday, January 21st. Also, analysts at Raymond James (NYSE: RJF) initiated coverage on shares of Union First Market Bankshares Corp in a research note to investors on Friday, January 13rd. They set an “outperform” rating on the stock.
Union First Market Bankshares Corporation is a multi-bank holding company. The Company’s Community Banks and non-bank financial services affiliates are Union Bank and Trust Company, First Market Bank, Northern Neck State Bank and Rappahannock National Bank. Its financial services affiliates includes Union Mortgage Group, Inc., Union Investment Services, Inc. and Union Insurance Group, LLC. The Company has two segments: its traditional full service community banking business and its mortgage loan origination business. On February 1, 2010, the Company acquired First Market Bank, FSB, a federally chartered savings bank (First Market Bank or FMB). In October 2010, the Company completed the integration of Rappahannock National Bank and Northern Neck State Bank into Union First Market Bank.
Shares of Union First Market Bankshares Corp opened at 14.08 on Monday. Union First Market Bankshares Corp has a 52 week low of $9.93 and a 52 week high of $14.54. The stock’s 50-day moving average is $13.49 and its 200-day moving average is $12.14. The company has a market cap of $366.9 million and a P/E ratio of 14.95.