Nordea Investment Management AB lifted its position in Union Bankshares Corporation (NASDAQ:UBSH) by 0.8% in the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 154,700 shares of the financial services provider’s stock after purchasing an additional 1,300 shares during the quarter. Nordea Investment Management AB owned about 0.35% of Union Bankshares Corporation worth $5,244,000 as of its most recent SEC filing.

Several other large investors have also recently made changes to their positions in the company. Pettyjohn Wood & White Inc. raised its position in Union Bankshares Corporation by 1.8% during the second quarter. Pettyjohn Wood & White Inc. now owns 9,070 shares of the financial services provider’s stock valued at $307,000 after acquiring an additional 164 shares in the last quarter. FMR LLC raised its position in Union Bankshares Corporation by 357.4% during the second quarter. FMR LLC now owns 52,984 shares of the financial services provider’s stock valued at $1,796,000 after acquiring an additional 41,400 shares in the last quarter. Vanguard Group Inc. raised its position in Union Bankshares Corporation by 0.5% during the second quarter. Vanguard Group Inc. now owns 2,086,617 shares of the financial services provider’s stock valued at $70,737,000 after acquiring an additional 9,494 shares in the last quarter. Northern Trust Corp raised its position in Union Bankshares Corporation by 1.2% during the second quarter. Northern Trust Corp now owns 1,387,345 shares of the financial services provider’s stock valued at $47,031,000 after acquiring an additional 16,918 shares in the last quarter. Finally, Menta Capital LLC raised its position in Union Bankshares Corporation by 61.9% during the second quarter. Menta Capital LLC now owns 51,510 shares of the financial services provider’s stock valued at $1,746,000 after acquiring an additional 19,700 shares in the last quarter. Hedge funds and other institutional investors own 64.13% of the company’s stock.

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Shares of Union Bankshares Corporation (NASDAQ:UBSH) opened at 35.30 on Friday. Union Bankshares Corporation has a 52-week low of $26.13 and a 52-week high of $39.37. The stock has a 50 day moving average price of $31.49 and a 200-day moving average price of $33.43. The stock has a market capitalization of $1.54 billion, a PE ratio of 19.68 and a beta of 1.24.

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

Several brokerages recently weighed in on UBSH. ValuEngine upgraded Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. Finally, BidaskClub cut Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. One investment analyst has rated the stock with a sell rating, two have issued a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.25.

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

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