Thrivent Financial for Lutherans raised its stake in shares of Union Bankshares Corp (NASDAQ:UBSH) by 29.8% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 27,140 shares of the financial services provider’s stock after buying an additional 6,230 shares during the period. Thrivent Financial for Lutherans owned about 0.06% of Union Bankshares Corp worth $970,000 as of its most recent filing with the SEC.
Several other institutional investors have also modified their holdings of UBSH. Dimensional Fund Advisors LP raised its position in shares of Union Bankshares Corp by 2.7% in the fourth quarter. Dimensional Fund Advisors LP now owns 3,419,464 shares of the financial services provider’s stock valued at $122,212,000 after buying an additional 89,601 shares in the last quarter. The Manufacturers Life Insurance Company purchased a new position in Union Bankshares Corp during the third quarter worth $39,073,000. Northern Trust Corp increased its position in Union Bankshares Corp by 1.8% in the third quarter. Northern Trust Corp now owns 1,345,960 shares of the financial services provider’s stock worth $36,032,000 after buying an additional 24,345 shares during the period. BlackRock Institutional Trust Company N.A. increased its position in Union Bankshares Corp by 9.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 1,336,161 shares of the financial services provider’s stock worth $35,769,000 after buying an additional 113,236 shares during the period. Finally, BlackRock Fund Advisors increased its position in Union Bankshares Corp by 8.5% in the third quarter. BlackRock Fund Advisors now owns 1,110,709 shares of the financial services provider’s stock worth $29,734,000 after buying an additional 87,212 shares during the period. Institutional investors and hedge funds own 59.36% of the company’s stock.
Union Bankshares Corp (NASDAQ:UBSH) traded down 0.55% during midday trading on Friday, reaching $34.41. The company had a trading volume of 152,860 shares. The firm has a market capitalization of $1.50 billion, a price-to-earnings ratio of 19.45 and a beta of 1.12. The stock’s 50 day moving average is $35.13 and its 200 day moving average is $33.71. Union Bankshares Corp has a 12-month low of $23.28 and a 12-month high of $39.37.
Union Bankshares Corp (NASDAQ:UBSH) last posted its earnings results on Wednesday, April 19th. The financial services provider reported $0.44 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.01. Union Bankshares Corp had a return on equity of 7.82% and a net margin of 21.18%. The business earned $85.41 million during the quarter, compared to analysts’ expectations of $86.10 million. Equities research analysts expect that Union Bankshares Corp will post $1.95 earnings per share for the current year.
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A number of equities research analysts have recently issued reports on UBSH shares. Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corp in a research note on Wednesday, January 25th. Compass Point upgraded Union Bankshares Corp from a “sell” rating to a “buy” rating and increased their price target for the company from $30.00 to $39.00 in a research note on Tuesday, January 24th. Finally, Zacks Investment Research cut Union Bankshares Corp from a “strong-buy” rating to a “hold” rating in a research note on Wednesday, March 29th. Four investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. Union Bankshares Corp currently has an average rating of “Hold” and a consensus price target of $32.50.
Union Bankshares Corp Company 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.
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