Union Bankshares Corp Decreases Stake in Union Bankshares Corp (NASDAQ:UBSH)

Union Bankshares Corp trimmed its holdings in Union Bankshares Corp (NASDAQ:UBSH) by 47.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 76,148 shares of the financial services provider’s stock after selling 69,942 shares during the quarter. Union Bankshares Corp owned approximately 0.17% of Union Bankshares worth $2,755,000 at the end of the most recent quarter.

Several other institutional investors have also made changes to their positions in the company. Pettyjohn Wood & White Inc. grew its position in Union Bankshares by 1.8% in the 2nd quarter. Pettyjohn Wood & White Inc. now owns 9,070 shares of the financial services provider’s stock valued at $307,000 after buying an additional 164 shares during the last quarter. Legal & General Group Plc grew its position in Union Bankshares by 1.8% in the 2nd quarter. Legal & General Group Plc now owns 16,440 shares of the financial services provider’s stock valued at $558,000 after buying an additional 289 shares during the last quarter. Ameritas Investment Partners Inc. grew its position in Union Bankshares by 8.8% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,789 shares of the financial services provider’s stock valued at $128,000 after buying an additional 307 shares during the last quarter. Public Employees Retirement System of Ohio grew its position in Union Bankshares by 3.9% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 12,128 shares of the financial services provider’s stock valued at $411,000 after buying an additional 460 shares during the last quarter. Finally, Martin & Co. Inc. TN grew its position in Union Bankshares by 1.0% in the 2nd quarter. Martin & Co. Inc. TN now owns 51,305 shares of the financial services provider’s stock valued at $1,739,000 after buying an additional 490 shares during the last quarter. 65.04% of the stock is currently owned by institutional investors and hedge funds.

Shares of Union Bankshares Corp (NASDAQ:UBSH) traded up $0.20 during mid-day trading on Wednesday, reaching $38.45. 363,400 shares of the company traded hands, compared to its average volume of 267,310. Union Bankshares Corp has a 12-month low of $29.50 and a 12-month high of $39.37. The firm has a market cap of $1,672.75, a P/E ratio of 21.36 and a beta of 1.28. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.42.

Union Bankshares (NASDAQ:UBSH) last announced its earnings results on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share for the quarter, meeting the consensus estimate of $0.49. Union Bankshares had a net margin of 20.02% and a return on equity of 7.98%. The firm had revenue of $88.73 million during the quarter, compared to the consensus estimate of $91.68 million. sell-side analysts predict that Union Bankshares Corp will post 1.86 EPS for the current year.

In related news, EVP John G. Jr. Stallings acquired 1,373 shares of the company’s stock in a transaction dated Thursday, December 14th. The stock was bought at an average price of $36.22 per share, with a total value of $49,730.06. Following the purchase, the executive vice president now directly owns 9,582 shares in the company, valued at approximately $347,060.04. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 2.18% of the company’s stock.

Several equities research analysts have commented on UBSH shares. ValuEngine lowered shares of Union Bankshares from a “buy” rating to a “hold” rating in a research report on Tuesday, October 10th. Zacks Investment Research upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares in a research note on Monday, October 30th. BidaskClub downgraded Union Bankshares from a “hold” rating to a “sell” rating in a research note on Wednesday, January 3rd. Finally, Sandler O’Neill set a $39.00 price target on Union Bankshares and gave the stock a “hold” rating in a research note on Thursday, January 4th. Four research analysts have rated the stock with a hold rating, two have assigned a buy rating and three have issued a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.20.

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Union Bankshares Profile

Union Bankshares Corporation is a financial holding company and bank holding company. The Company operates through two segments: a community bank segment and mortgage loan origination business segment. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates.

Institutional Ownership by Quarter for Union Bankshares (NASDAQ:UBSH)

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