QS Investors LLC raised its position in shares of Union Bankshares Corporation (NASDAQ:UBSH) by 4.1% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 40,359 shares of the financial services provider’s stock after purchasing an additional 1,571 shares during the period. QS Investors LLC owned approximately 0.09% of Union Bankshares Corporation worth $1,368,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Bronfman E.L. Rothschild L.P. raised its position in Union Bankshares Corporation by 3.8% during the second 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. SG Americas Securities LLC purchased a new stake in Union Bankshares Corporation during the second quarter valued at about $119,000. Ameritas Investment Partners Inc. purchased a new stake in Union Bankshares Corporation during the first quarter valued at about $122,000. Victory Capital Management Inc. raised its position in Union Bankshares Corporation by 17.6% during the second quarter. Victory Capital Management Inc. now owns 5,230 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 783 shares in the last quarter. Finally, Cornerstone Capital Management Holdings LLC. purchased a new stake in Union Bankshares Corporation during the first quarter valued at about $207,000. Institutional investors and hedge funds own 64.13% of the company’s stock.

A number of research firms have weighed in on UBSH. ValuEngine downgraded Union Bankshares Corporation from a “buy” rating to a “hold” rating in a research report on Tuesday. Zacks Investment Research upgraded Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Thursday, October 5th. Brean Capital restated a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. Finally, BidaskClub downgraded 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, three have given a hold rating, two have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Union Bankshares Corporation currently has an average rating of “Buy” and a consensus price target of $39.33.

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Union Bankshares Corporation (NASDAQ UBSH) opened at 35.69 on Wednesday. Union Bankshares Corporation has a 52 week low of $26.46 and a 52 week high of $39.37. The company has a market capitalization of $1.56 billion, a PE ratio of 19.89 and a beta of 1.25. The stock’s 50 day moving average price is $32.74 and its 200-day moving average price is $33.32.

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

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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