Strs Ohio cut its position in Union Bankshares Corp. (NASDAQ:UBSH) by 1.1% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 35,300 shares of the financial services provider’s stock after selling 400 shares during the period. Strs Ohio’s holdings in Union Bankshares Corp. were worth $872,000 as of its most recent filing with the SEC.
Several other hedge funds have also bought and sold shares of UBSH. Zurich Insurance Group Ltd FI acquired a new stake in Union Bankshares Corp. during the first quarter worth approximately $1,175,000. TIAA CREF Investment Management LLC raised its stake in Union Bankshares Corp. by 8.0% in the first quarter. TIAA CREF Investment Management LLC now owns 188,863 shares of the financial services provider’s stock worth $4,652,000 after buying an additional 13,992 shares during the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Union Bankshares Corp. by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,229,167 shares of the financial services provider’s stock worth $30,274,000 after buying an additional 16,880 shares during the last quarter. Prudential Financial Inc. raised its stake in Union Bankshares Corp. by 16.1% in the first quarter. Prudential Financial Inc. now owns 95,023 shares of the financial services provider’s stock worth $2,340,000 after buying an additional 13,192 shares during the last quarter. Finally, Teachers Advisors Inc. raised its stake in Union Bankshares Corp. by 6.9% in the first quarter. Teachers Advisors Inc. now owns 69,981 shares of the financial services provider’s stock worth $1,724,000 after buying an additional 4,537 shares during the last quarter. 57.68% of the stock is owned by institutional investors and hedge funds.
Shares of Union Bankshares Corp. (NASDAQ:UBSH) traded up 0.79% during mid-day trading on Tuesday, hitting $26.94. The company had a trading volume of 64,339 shares. The company has a market capitalization of $1.17 billion, a price-to-earnings ratio of 16.63 and a beta of 1.16. The company has a 50-day moving average price of $27.14 and a 200-day moving average price of $26.43. Union Bankshares Corp. has a 1-year low of $20.57 and a 1-year high of $27.96.
Union Bankshares Corp. (NASDAQ:UBSH) last posted its earnings results on Friday, July 22nd. The financial services provider reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.41 by $0.03. Union Bankshares Corp. had a return on equity of 7.30% and a net margin of 20.64%. On average, equities analysts anticipate that Union Bankshares Corp. will post $1.72 EPS for the current year.
UBSH has been the subject of a number of research analyst reports. Zacks Investment Research lowered Union Bankshares Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Keefe, Bruyette & Woods lifted their target price on Union Bankshares Corp. from $25.00 to $27.00 and gave the stock a “market perform” rating in a report on Monday, July 25th. Four research analysts have rated the stock with a hold rating, one has issued a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $28.00.
Union Bankshares Corp. Company Profile
Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a financial holding company and a bank holding company. The Company offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates are Union Mortgage Group, Inc (UMG), Union Investment Services, Inc and Union Insurance Group, LLC.
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