Suntrust Banks Inc. maintained its stake in shares of Union Bankshares Corporation (NASDAQ:UBSH) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,281 shares of the financial services provider’s stock at the end of the second quarter. Suntrust Banks Inc.’s holdings in Union Bankshares Corporation were worth $246,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently modified their holdings of UBSH. Bank of New York Mellon Corp lifted its holdings in shares of Union Bankshares Corporation by 5.5% in the 1st quarter. Bank of New York Mellon Corp now owns 304,892 shares of the financial services provider’s stock valued at $10,726,000 after buying an additional 15,940 shares during the period. UBS Asset Management Americas Inc. lifted its holdings in shares of Union Bankshares Corporation by 114.5% in the 1st quarter. UBS Asset Management Americas Inc. now owns 16,454 shares of the financial services provider’s stock valued at $579,000 after buying an additional 8,783 shares during the period. Parametric Portfolio Associates LLC lifted its holdings in shares of Union Bankshares Corporation by 7.5% in the 1st quarter. Parametric Portfolio Associates LLC now owns 67,789 shares of the financial services provider’s stock valued at $2,385,000 after buying an additional 4,745 shares during the period. Ameritas Investment Partners Inc. acquired a new position in shares of Union Bankshares Corporation in the 1st quarter valued at about $122,000. Finally, American International Group Inc. lifted its holdings in shares of Union Bankshares Corporation by 6.9% in the 1st quarter. American International Group Inc. now owns 26,680 shares of the financial services provider’s stock valued at $939,000 after buying an additional 1,730 shares during the period. 63.68% of the stock is owned by institutional investors and hedge funds.

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UBSH has been the subject of several analyst reports. ValuEngine raised Union Bankshares Corporation from a “hold” rating to a “buy” rating in a report on Saturday, September 30th. Zacks Investment Research raised Union Bankshares Corporation from a “sell” rating to a “hold” rating in a report on Thursday, October 5th. Brean Capital reissued a “hold” rating on shares of Union Bankshares Corporation in a report on Wednesday, August 2nd. Finally, BidaskClub cut Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. One research analyst has rated the stock with a sell rating, three have assigned a hold rating, two have issued a buy rating and two have given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $39.33.

Union Bankshares Corporation (NASDAQ UBSH) opened at 35.32 on Wednesday. The firm has a market cap of $1.54 billion, a PE ratio of 19.69 and a beta of 1.25. The company has a 50-day moving average price of $33.10 and a 200-day moving average price of $33.35. Union Bankshares Corporation has a 12-month low of $26.68 and a 12-month high of $39.37.

Union Bankshares Corporation (NASDAQ:UBSH) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.46 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.46. The firm had revenue of $87.06 million during the quarter, compared to the consensus estimate 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 analysts predict that Union Bankshares Corporation will post $1.86 earnings per share for the current 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.

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

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