Swiss National Bank maintained its stake in shares of Union Bankshares Corporation (NASDAQ:UBSH) during the 2nd quarter, according to the company in its most recent filing with the SEC. The firm owned 71,958 shares of the financial services provider’s stock at the end of the 2nd quarter. Swiss National Bank owned 0.16% of Union Bankshares Corporation worth $2,439,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the business. Alps Advisors Inc. increased its holdings in Union Bankshares Corporation by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 13,352 shares of the financial services provider’s stock worth $453,000 after purchasing an additional 34 shares during the period. Bronfman E.L. Rothschild L.P. raised its position in Union Bankshares Corporation by 3.8% in the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,226 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 119 shares in the last quarter. Legal & General Group Plc raised its position in Union Bankshares Corporation 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 purchasing an additional 289 shares in the last quarter. Strs Ohio boosted its stake in shares of Union Bankshares Corporation by 1.7% in the 2nd quarter. Strs Ohio now owns 29,300 shares of the financial services provider’s stock valued at $993,000 after buying an additional 500 shares during the period. Finally, Victory Capital Management Inc. boosted its stake in shares of Union Bankshares Corporation by 17.6% in the 2nd quarter. Victory Capital Management Inc. now owns 5,230 shares of the financial services provider’s stock valued at $177,000 after buying an additional 783 shares during the period. Institutional investors own 64.13% of the company’s stock.

Union Bankshares Corporation (NASDAQ:UBSH) opened at 35.30 on Tuesday. The stock has a market cap of $1.54 billion, a price-to-earnings ratio of 19.68 and a beta of 1.25. Union Bankshares Corporation has a 12-month low of $26.46 and a 12-month high of $39.37. The company has a 50-day moving average price of $32.10 and a 200 day moving average price of $33.29.

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

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UBSH has been the subject of a number of analyst reports. ValuEngine raised Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Saturday. Zacks Investment Research upgraded shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research note on Wednesday, September 6th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub cut shares of Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One analyst has rated the stock with a sell rating, two have assigned a hold rating, three have given a buy rating and two have given a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average price target of $39.25.

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.

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

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