Union Bank Share Price Target – Hello Friends, Today we ill Discuss about the future of Union Bank of India shares, To predict Union Bank of India stock, we will use our internal research as well as the company’s technical analysis, business figures, financial results and future projects.
We will analyze the performance of the company’s shares from recent times to the last few years ,this will provide well researched article of Union Bank of India share price target for 2023, 2025, 2030 to 2050. Predicting the future performance of a specific stock, like Union Bank of India, involves a complex and speculative process that combines various factors, including market trends, economic conditions, and the company’s financial health. While I can’t provide specific predictions for Union Bank’s share price in the coming years, I can offer some general insights on how analysts typically approach such forecasts.
To estimate the share price target for Union Bank of India in the years 2024, 2025, 2026, 2027, 2028, 2029, and even as far as 2030, analysts would consider a combination of factors. These factors include historical stock performance, the bank’s financials, economic conditions, and any upcoming projects or strategies announced by the company. They would also incorporate broader market trends and indicators.
Union Bank’s share price will be influenced by factors such as interest rates, regulatory changes, banking industry trends, and the bank’s own management decisions. Economic conditions, both at the national and global levels, can significantly impact the financial sector as well.
Moreover, investor sentiment plays a vital role in stock price movements. Positive news about the bank’s performance or significant growth initiatives could boost investor confidence and, in turn, the stock price.
About Union Bank of India
Union Bank of India, with its rich history dating back to its establishment on November 11, 1919, stands as a formidable presence in the Indian banking landscape. As a government-owned institution, Union Bank of India has grown to become the fourth largest public sector bank in india, trailing only behind giants like the State Bank of India, Bank of Baroda, and Punjab National Bank.
With a widespread network of over 8,700 branches and 11,000 ATMs. Union Bank of India has reached out to a vast and diverse clientele of 161 million customers. Behind this extensive operation is a dedicated workforce of more than 76,600 employees who work tirelessly to deliver a comprehensive suite of financial services.
These services span retail banking, catering to the needs of individuals, to corporate banking that supports businesses, and even encompasses investment banking, wealth management, and insurance solutions. Union Bank of India’s legacy and commitment to serving its customers make it a prominent pillar in India’s financial sector.
UBI Q1 FY 2024 Result and Latest Earning
Union Bank of India has kicked off the fiscal year 2023-24 with a bang, reporting impressive financial results in the first quarter. The bank’s standalone net profit soared by a remarkable 107% year-on-year, reaching a substantial ₹3,236.44 crore. This impressive growth story can be attributed to the bank’s steadfast commitment to improving asset quality. The figures speak for themselves, with a notable 288 basis points decline in the gross non-performing asset (NPA) ratio and a 173 basis points drop in the net NPA ratio compared to the previous year.
What’s more, Union Bank’s net interest income (NII) also showcased significant progress, surging by 16.59% year-on-year to a solid ₹8,840 crore, while the net interest margins (NIM) rose to an impressive 3.13%.
A testament to the bank’s comprehensive growth strategy, its total advances exhibited a healthy growth rate of 12.33% year-on-year, with retail advances leading the charge at 16.47% year-on-year. This not only underscores the bank’s diverse lending segments but also highlights its commitment to financial inclusion initiatives, catering to a wide spectrum of customers. Union Bank’s strong Q1 performance is indeed a remarkable testament to its resilience and strategic focus on delivering value to its customers and stakeholders alike.
How Union Bank of India generate Revenue?
UBI Share Price Target, like many financial institutions, employs a diverse range of revenue-generating strategies to maintain its financial stability and growth. One of its primary income sources arises from interest income, where the bank charges borrowers interest on various types of loans, such as personal loans, home loans, and business loans. This interest income constitutes a substantial portion of the bank’s revenu
The bank also leverages fee-based services, collecting fees for a wide array of services including account maintenance, ATM usage, and various transactions. Additionally, Union Bank of India offers specialized services, such as wealth management, safe deposit boxes, and foreign exchange services, for which they charge fees.
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Investment income plays another vital role in the bank’s revenue generation. Through investments in government securities, corporate bonds, and equities, they earn income through dividends, interest, and capital gains.
Furthermore, the bank engages in trading activities, including foreign exchange trading, as well as trading various financial instruments. These activities contribute to their revenue by buying and selling currencies, commodities, and other financial products.
Union Bank of India extends its offerings to include asset management and wealth management services for both individuals and institutional clients. They charge fees based on the assets under management (AUM) and offer financial advisory services, thereby creating an additional revenue stream.
Retail and corporate banking operations are integral to the bank’s income, encompassing savings accounts, fixed deposits, and credit card services. They earn interest on outstanding balances and provide a wide range of corporate banking services, such as cash management, trade finance, and treasury services.
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Furthermore, the bank may offer insurance products, both life insurance and general insurance, and earn commissions and fees from these services. Cross-selling and upselling of financial products to their existing customer base is yet another avenue to increase revenue, by promoting services like insurance, investment products, and credit cards.
In the digital age, digital banking and technology fees have become increasingly significant, with charges for online and mobile banking services, wire transfers, and electronic transactions contributing to the bank’s revenue. Inter bank lending and borrowing activities also play a role, with Union Bank of India earning interest income from lending to other banks or paying interest on borrowed funds.
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To effectively manage their financial resources, the bank participates in treasury operations, including trading in money and foreign exchange markets, with the aim of capitalizing on fluctuations in interest rates and exchange rates. Lastly, asset secularization is employed to bundle and security loans, which are then sold as asset-backed securities to investors, providing an upfront cash flow and reducing risk on the bank’s balance sheet. These diverse revenue streams collectively contribute to Union Bank of India’s financial success and stability.
Revenue per Business Specification
| SPECIFICATION | (INR IN MILLION) 2022 | WEIGHTAGE | 2023 | WEIGHTAGE | CHANGES |
| Corporate Banking | 257,768 | 31.5% | 359,417 | 37.0% | +39.43% |
| Retail Banking | 261,980 | 32.0 % | 310,787 | 32.0 % | +18.63% |
| Treasury | 268,157 | 32.8 % | 264,429 | 27.2 % | +1.39% |
| Unallocated | 16,886 | 2.1 % | 21,988 | 2.3 % | +30.21% |
| Other Banking | 13,976 | 1.7 % | 19,794 | 2.0 % | +41.62% |
| Inter-segment | -1,227 | -0.2 % | -5,629 | -0.6 % | +358.73% |
Union Bank of India share price Live
Union Bank of India Financial Condition in Past 5 YEARS
| Metric | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 |
|---|---|---|---|---|---|
| Revenue | 34,314 | 37,479 | 69,311 | 68,230 | 81,163 |
| Interest | 23,896 | 25,837 | 44,112 | 40,178 | 48,033 |
| Expenses | 19,019 | 21,166 | 36,270 | 32,264 | 36,899 |
| Financing Profit | -8,601 | -9,523 | -11,071 | -4,213 | -3,769 |
| Financing Margin % | -25% | -25% | -16% | -6% | -5% |
| Other Income | 5,042 | 5,789 | 14,307 | 13,524 | 15,915 |
| Depreciation | 374 | 417 | 908 | 745 | 0 |
| Profit before tax | -3,933 | -4,151 | 2,327 | 8,566 | 12,146 |
| Tax % | 25% | 27% | -22% | 39% | 31% |
| Net Profit | -2,922 | -3,121 | 2,863 | 5,265 | 8,512 |
| EPS in Rs | -16.58 | -9.12 | 4.47 | 7.70 | 12.45 |
| Dividend Payout % | 0% | 0% | 0% | 25% | 24% |
Union Bank Share Price Target 2024, 2025, 2026, 2027, 2028, 2029, 2030, 2040, 2050
| Year | First Target | Second Target |
|---|---|---|
| 2024 | 110 | 122 |
| 2025 | 122 | 126 |
| 2026 | 129 | 133 |
| 2027 | 134 | 142 |
| 2028 | 148 | 152 |
| 2029 | 153 | 159 |
| 2030 | 160 | 169 |
| 2040 | 252 | 265 |
| 2050 | 450 | 480 |
Union Bank of India Share Price Target 2024
The 2024 share price objective for Union Bank of India remains uncertain, with analysts projecting a range of ₹110 to ₹122. The trajectory of Union Bank’s shares in 2024 will closely track Indian economic projections. A buoyant economy is expected to bolster the bank’s profitability and asset quality, potentially driving its share price upward. Conversely, if economic growth falters, the bank’s performance may decline, which could have a negative impact on its share price. Thus, the bank’s share price in 2024 is intricately linked to the broader economic landscape.
Union Bank of India Share Price Target For 2024 As Follows:
| Year | 1st Target | 2nd Target |
| 2024 | ₹110 | ₹122 |
Union Bank of India Share Price Target 2025
Union Bank of India’s 2025 share price is expected to rise, with experts predicting it to be between ₹122 and ₹126. This anticipated increase is driven by expected improvements in the bank’s profitability and asset quality in the coming years.
Union Bank of India Share Price Target For 2025 As Follows
| Year | 1st Target | 2nd Target |
| 2025 | ₹122 | ₹166 |
Union Bank of India Share Price Target 2026
The 2026 share price estimate for Union Bank of India is expected to increase from its current level, with the first target at ₹129 and the second target at ₹133. This positive outlook is based on the bank’s anticipated business growth and expansion in the coming years.
Union Bank of India Share Price Target For 2026 As Follows
| Year | 1st Target | 2nd Target |
| 2026 | ₹129 | ₹133 |
Union Bank of India Share Price Prediction 2027
The Union Bank of India share price is expected to exhibit growth in the coming years, with a bullish outlook. Predicted monthly prices for 2027 range from a low of ₹134 in May to a high of ₹142.50 in December. Despite potential market fluctuations, there is confidence in the share price reaching its maximum target of ₹142.50 by the end of the year.
Union Bank of India Share Price Target For 2027 As Follows
| Year | 1st Target | 2nd Target |
| 2027 | ₹134 | ₹142 |
Union Bank of India Share Price Prediction 2030
Union Bank of India’s share price target for 2030 is speculative, but some analysts suggest it could reach ₹169 This optimism is based on the belief that the bank has the potential to become a significant international financial institution.
Union Bank of India Share Price Target For 2030 As Follows
| Year | 1st Target | 2nd Target |
| 2030 | ₹160 | ₹169 |
Union Bank of India Share Price Target 2040
| Year | 1st Target | 2nd Target |
| 2040 | ₹252 | ₹265 |
Union Bank of India Share Price Target 2050
| Year | 1st Target | 2nd Target |
| 2050 | ₹450 | ₹480 |
There are many factors deciding the future such as the performance of the bank, internal decisions by the management authorities, the macroeconomic environment, market sentiment, etc.
Considering all of the above, as Union Bank of India is a PSU bank, the odds are in favour of it for the year 2024. So, yes, the Union Bank of India per-share price should grow in 2024.
In 2030, the share price of Union Bank of India is expected to range between INR 160 and INR 169 based on considerations of its Return on Equity (ROE) and Price-to-Earnings (P/E) ratio.
Union Bank of India’s market cap is ₹78,460.76 Cr as of 06 September 2023.
As of September 30, 2023, this bank has:
Over 8,500 domestic branches.
More than 10,000 ATMs.
A workforce of 76,700+ employees.
18,000+ Business Correspondent (BC) Points.
Their total business amounted to Rs. 1,984,842 crore, with Rs. 11,37,628 crore in deposits and Rs. 8,47,214 crore in advances.
Conclusion
Union Bank of India has been a longstanding contributor to the Indian economy. Its share prices have experienced fluctuations over the years, but recent efforts have reduced net NPAs to 2.14%, leading to increased revenues and profits. In Q1 FY2024, the bank reported a profit of Rs 3,236 crore, indicating a positive trend. With the improving economic conditions, Union Bank is expected to continue its upward trajectory.
Disclaimer– This article on “Union Bank share price target” is for educational and informational purposes only. It is not financial advice, and the author is not a SEBI registered financial advisor.
