Union Bank Share Price Target 2024-2030 Today Update, Business Profile, Fundamentals & Quarterly Results

Union Bank of India is India’s fourth-largest public sector bank, with more than 12,800 ATMs and more than 8,500 branches serving more than 15 crore customers. Union Bank of India recently merged with Andhra Bank and Corporation Bank, two other financial institutions (2020). The merger increased the number of branches at United Bank of India to 9,609 and increased the bank’s assets past Rs 14.59 lakh crore. This increased the bank’s capacity in consumer banking, investment banking, finance, and insurance, among other areas.

Union Bank Share Price Target 2024-2030

One of India’s oldest and most dependable banks, Union Bank of India has undergone significant growth and transformation over time. The financial group’s solid foundations, strategic goals, and market dynamics are all reflected in its inventory performance, which has been particularly noteworthy. We will examine Union Bank’s proportion price goals from 2024 to 2030 in this analysis, taking into account a variety of financial indicators, market trends, and the institution’s average performance.

Union Bank Share Price Target Today Update

Union Bank of India is the fourth largest public sector bank in the country. Through its more than 12,800 ATMs and 8,500 branches, it serves more than 15 million customers. Union Bank of India recently merged with Andhra Bank and Corporation Bank, two additional financial institutions (2020). This merger increased the UBI’s 100-year-old assets to Rs 14.59 lakh crore and increased the number of branches to 9,609. This increased the UBI’s bandwidth for services like consumer banking, investment banking, finance, and insurance, among others.

Union Bank Latest News

• Union Bank Share Price Today has seen an ascent of 3.55% by 3:30 PM on Monday ie., March 18th, 2024. On March 16, 2024, the UBI share price opened slightly lower than its previous close of Rs 148.
• Union Bank of India, dubbed the “Country’s fourth biggest public sector bank,” has reached an agreement with “Maruti Suzuki India” (MSI), the nation’s largest automaker and market leader, to improve the customer financing experience at MSI’s 4,000 dealerships.
• Recently, in February of 2024, the “Committee of Directors for Raising Capital Funds” of UBI approved the raising of up to Rs 3,000 million in capital.
• The equity shares at the floor price of Rs 142.78 for Qualified Institutional Buyers were to be used to raise these funds.

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Union Bank Business Profile

Union Bank of India is one of the country’s major public sector banks. The bank is a publicly traded company that keeps 74.76 percent of the total paid-up capital of the Government of India. On November 11, 1919, it was incorporated as a limited liability company in Mumbai.

• Branch Network: At the moment, there are 8580 branches and 10835 ATMs in the network of Indian banks. When it merged with Andhra Bank and Corporation Bank, its branch network more than doubled, going from 4,281 to 6,895 before the merger.
• Loan Book: Currently, corporate borrowing accounts for 45% of all loans, followed by the MSME sector with 19%, retail with 18%, and agribusiness with 18%. Home loans account for 54% of retail advances, mortgage loans for 10%, auto loans for 7%, education loans for 6%, personal loans for 4%, and other types of loans for 19%.
• Exposure: The bank has loaned cash to various businesses, particularly in Framework propels represent 16% of absolute homegrown advances levels, trailed by NBFCs and HFCs (11%), Fundamental metals (3%), food handling (3%), materials (2%), development (2%) and all designing (2%). 42.5 percent of the bank’s domestic advances have gone to these sectors.
• International Business: Although it has established itself in some key economic hubs like Hong Kong, DIFC, Dubai, or Sydney, its outward presence is limited, accounting for less than 2% of the total business volume.
• Bank Merger: Union Bank of India merged with Andhra Bank and Corporation Bank on September 1, 2020. Andhra Bank shareholders received 100 crore equity shares as part of the Amalgamation Scheme, while Corporation Bank shareholders received 198 crore shares. The total business of the bank more than doubled after the merger of these two banks.

Union Bank Fundamentals & Quarterly Results

Market Cap	₹ 1,08,893 Cr.
Current Price	₹ 143
High / Low	₹ 163 / 68.0
Stock P/E	7.93
Book Value	₹ 115
Dividend Yield	2.05 %
ROCE	6.83 %
ROE	17.5 %
Face Value	₹ 10.0
Debt to equity	14.8
Debt Capacity	-6.02
Debt preceding year	₹ 11,63,059 Cr.
Debt	₹ 11,63,059 Cr.
Reserves	₹ 71,969 Cr.
EPS	₹ 18.1
EPS last year	₹ 18.1
Pledged percentage	0.00 %
FCF Prev Ann	₹ 3,729 Cr.
EVEBITDA	13.7
Industry PE	9.46
PEG Ratio	0.17
Piotroski score	6.00
Earnings yield	7.33 %
Sales growth 5Years	24.0 %

Union Bank Quarterly Results

	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024
Revenue	17,072	17,028	18,256	19,778	20,966	22,163	23,613	24,732	25,521	26,510
Interest	9,762	10,409	10,598	11,384	12,242	13,810	14,664	15,498	16,236	16,966
Expenses	7,946	6,940	8,442	9,598	8,817	10,041	7,978	7,962	8,012	9,365
Financing Profit	-635	-321	-784	-1,204	-93	-1,688	971	1,271	1,273	179
Financing Margin %	-4%	-2%	-4%	-6%	-0%	-8%	4%	5%	5%	1%
Other Income	3,161	2,326	2,948	3,697	3,669	5,601	4,209	4,221	4,281	5,102
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit before tax	2,526	2,005	2,165	2,493	3,576	3,912	5,180	5,492	5,554	5,281
Tax %	58%	23%	28%	26%	37%	28%	37%	35%	35%	37%
Net Profit	1,077	1,557	1,583	1,853	2,264	2,812	3,272	3,572	3,625	3,328
EPS in Rs	1.58	2.28	2.32	2.71	3.31	4.11	4.79	4.82	4.89	4.36

CAGR Report

Metric	10 Years	5 Years	3 Years	TTM (Trailing Twelve Months)
Compounded Sales Growth	13%	24%	13%	24%
Compounded Profit Growth	23%	46%	69%	62%
Stock Price CAGR	-5%	15%	56%	102%
Return on Equity (ROE)	5%	9%	12%	18%

Union Bank Shareholders

Shareholder	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Promoters (%)	63.44%	67.43%	74.27%	86.75%	89.07%	83.49%	83.49%	74.76%
FIIs (%)	5.02%	5.01%	3.15%	1.29%	0.66%	1.18%	1.66%	6.75%
DIIs (%)	20.80%	19.89%	13.15%	6.37%	4.37%	7.05%	8.27%	12.24%
Public (%)	10.74%	7.68%	9.42%	5.59%	5.90%	8.27%	6.57%	6.25%
No. of Shareholders	2,37,105	2,42,378	2,70,916	2,99,546	6,31,887	7,61,809	7,83,550	9,14,940

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Union Bank Share Price Target 2024-2030 Forecast

Year	Initial Target	Mid-Year Target	Year-End Target
2024	₹144.42	₹176.07	₹195.06
2025	₹199	₹187	₹222
2026	₹226	₹213	₹255
2027	₹260	₹244	₹293
2028	₹299	₹281	₹335
2029	₹342	₹322	₹384
2030	₹392	₹368	₹439

Union Bank Of India Share Price Target 2025

Month	Target
January	₹199
February	₹203
March	₹207
April	₹200
May	₹193
June	₹187
July	₹194
August	₹202
September	₹210
October	₹214
November	₹218
December	₹222

Union Bank Of India Share Price Target 2026

Month	Target
January	₹226
February	₹231
March	₹236
April	₹228
May	₹220
June	₹213
July	₹222
August	₹231
September	₹240
October	₹245
November	₹250
December	₹255

Union Bank Of India Share Price Target 2027

Month	Target
January	₹260
February	₹265
March	₹270
April	₹261
May	₹252
June	₹244
July	₹254
August	₹264
September	₹275
October	₹281
November	₹287
December	₹293

Union Bank Of India Share Price Target 2028

Month	Target
January	₹299
February	₹305
March	₹311
April	₹301
May	₹291
June	₹281
July	₹292
August	₹304
September	₹316
October	₹322
November	₹328
December	₹335

Union Bank Of India Share Price Target 2029

Month	Target
January	₹342
February	₹349
March	₹356
April	₹344
May	₹333
June	₹322
July	₹335
August	₹348
September	₹362
October	₹369
November	₹376
December	₹384

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Union Bank Of India Share Price Target 2030

Month	Target
January	₹392
February	₹400
March	₹408
April	₹394
May	₹381
June	₹368
July	₹383
August	₹398
September	₹414
October	₹422
November	₹430
December	₹439

Key Factors Influencing Union Bank Share Price

• Digital Transformation and Union Bank’s Share Price Union Bank’s focus on enhancing its online and mobile banking platforms as well as its virtual banking services will probably attract more customers, resulting in increased revenue and a higher proportion rate.
• Asset Quality Improvement for Union Bank Share Price: The bank’s ongoing efforts to reduce non-performing loans (NPAs) and improve asset quality may be crucial to its profitability and, as a result, Union Bank Share Price.
• Compelling possibility the executives and reasonable loaning practices will play a critical trademark in such manner.
• Monetary Recuperation for Union Bank Offer Price:The regular financial recuperation, moved through advanced business undertaking side interest and buyer spending, will improve the financial zone’s exhibition.
• Due to its substantial market presence, Union Bank stands to benefit, leading to a rise in the share price.
• Regulatory Environment for Union Bank Share Price: Union Bank’s operations and profitability can be significantly affected by changes in banking policies and suggestions.
• The bank’s ability to navigate the regulatory landscape and comply with new requirements is probably crucial to its long-term success.

Points Before investing in Union Bank Stock

• UBI faces challenges, limitations, and advantages as a public sector bank. Union Bank has fewer branches in the country than SBI, but only by 13 percent.
• While UBI only has around 8,000 branches, SBI has more than 22,000 locations.
• As a result, top public sector banks like SBI and UBI appear to be too far apart. Union Bank of India’s Net Profitsurged to Rs 3,590 crores, up by 60% (YOY) in the second from last quarter of the year 2023.
• UBI reported a net profit of Rs 2,249 crore for the identical quarter in 2022.
• In the third quarter of FY23, Union Bank of India’s interest income increased to Rs 25,363 million, up from Rs 20,883 million the previous year.
• This showed that the UBI has had the option to push its loaning plans into the market. Union Bank reported an 11.4% year-over-year increase in global advances and a 10.09% increase in global deposits in the third quarter of fiscal year 2023.
• This shows a cementing of the UBIbalance sheet. Motilal Oswal”market master” had anticipated ”Purchase” for Union Bank of India Offer Value Focus at Rs 175 on February 26th, 2024.
• UNIONBANK NSE Stock currently trades at Rs 153.25 per share.

Final Words

The trajectory of the Union Bank Share Price History on the National Stock Exchange is somewhat V-shaped. Assuming you go through the Union Bank of India Offer Value NSE, its stock opening cost was at Rs 15.30 in October 2003 and the most noteworthy place of the Union BANK NSE stock came in the year 2010, October coming to at Rs 426 for every offer. However, UBI’s share price is currently Rs 153.25 per share, indicating a decline of more than 150 percent since then. However, the Union Bank Share Price has increased by 141 percent since March 22, 2024, providing investors with a substantial return on their investment over the past year.