Martin & Co. Inc. TN Has $1.74 Million Position in Union Bankshares Corporation (UBSH)

Martin & Co. Inc. TN increased its stake in shares of Union Bankshares Corporation (NASDAQ:UBSH) by 1.0% in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 51,305 shares of the financial services provider’s stock after purchasing an additional 490 shares during the period. Martin & Co. Inc. TN owned approximately 0.12% of Union Bankshares Corporation worth $1,739,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in UBSH. BlackRock Inc. grew its stake in shares of Union Bankshares Corporation by 15,378.0% during the first quarter. BlackRock Inc. now owns 3,105,815 shares of the financial services provider’s stock worth $109,261,000 after purchasing an additional 3,085,749 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Union Bankshares Corporation by 267.9% during the second quarter. Bank of New York Mellon Corp now owns 1,121,588 shares of the financial services provider’s stock worth $38,022,000 after purchasing an additional 816,696 shares during the period. Eagle Asset Management Inc. acquired a new stake in shares of Union Bankshares Corporation during the second quarter worth $15,837,000. Teachers Advisors LLC grew its stake in shares of Union Bankshares Corporation by 306.9% during the first quarter. Teachers Advisors LLC now owns 399,241 shares of the financial services provider’s stock worth $14,045,000 after purchasing an additional 301,117 shares during the period. Finally, Dimensional Fund Advisors LP grew its stake in shares of Union Bankshares Corporation by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,666,823 shares of the financial services provider’s stock worth $124,306,000 after purchasing an additional 146,885 shares during the period. 64.13% of the stock is owned by institutional investors and hedge funds.

Union Bankshares Corporation (UBSH) traded down 0.31% on Wednesday, reaching $35.58. The company’s stock had a trading volume of 19,975 shares. The firm’s 50-day moving average price is $32.74 and its 200-day moving average price is $33.32. The stock has a market cap of $1.55 billion, a price-to-earnings ratio of 19.77 and a beta of 1.25. Union Bankshares Corporation has a 52-week low of $26.46 and a 52-week high of $39.37.

Union Bankshares Corporation (NASDAQ:UBSH) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.46. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. The firm had revenue of $87.06 million during the quarter, compared to the consensus estimate of $89.67 million. On average, equities analysts expect that Union Bankshares Corporation will post $1.86 earnings per share for the current year.

A number of equities research analysts recently commented on the company. BidaskClub cut Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, June 20th. ValuEngine raised Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research raised Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research note on Thursday, October 5th. Finally, Brean Capital reissued a “hold” rating on shares of Union Bankshares Corporation in a research note on Wednesday, August 2nd. One analyst has rated the stock with a sell rating, three have assigned a hold rating, two have assigned a buy rating and two have assigned a strong buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.33.

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About Union Bankshares Corporation

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 Corporation (NASDAQ:UBSH)

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