NEW YORK ( TheStreet) -- Union First Market Bankshares (Nasdaq: UBSH) has been downgraded by TheStreet Ratings from buy to hold. The company's strengths can be seen in multiple areas, such as its robust revenue growth, compelling growth in net income and reasonable valuation levels. However, as a counter to these strengths, we find that the stock has had a generally disappointing performance in the past year. Union First Market Bankshares Corporation operates as the holding company for the Union Bank and Trust Company, First Market Bank, Northern Neck State Bank, and Rappahannock National Bank, which provide a range of retail commercial banking services to consumers and businesses in Virginia. The company has a P/E ratio of 14.1, equal to the average banking industry P/E ratio and below the S&P 500 P/E ratio of 23.5. Union First Market has a market cap of $304.5 million and is part of the financial sector and banking industry. Shares are down 20.2% year to date as of the close of trading on Friday.