Emerald Acquisition Ltd. bought a new position in shares of Union Bankshares Corp. (NASDAQ:UBSH) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 146,560 shares of the financial services provider’s stock, valued at approximately $3,621,000. Emerald Acquisition Ltd. owned 0.34% of Union Bankshares Corp. at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. BlackRock Institutional Trust Company N.A. increased its position in shares of Union Bankshares Corp. by 1.4% in the first quarter. BlackRock Institutional Trust Company N.A. now owns 1,229,167 shares of the financial services provider’s stock worth $30,274,000 after buying an additional 16,880 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Union Bankshares Corp. by 1.6% in the first quarter. JPMorgan Chase & Co. now owns 1,095,107 shares of the financial services provider’s stock worth $26,972,000 after buying an additional 17,303 shares in the last quarter. Renaissance Technologies LLC increased its position in shares of Union Bankshares Corp. by 11.6% in the first quarter. Renaissance Technologies LLC now owns 583,905 shares of the financial services provider’s stock worth $14,382,000 after buying an additional 60,900 shares in the last quarter. TIAA CREF Investment Management LLC increased its position in shares of Union Bankshares Corp. by 8.0% in the first quarter. TIAA CREF Investment Management LLC now owns 188,863 shares of the financial services provider’s stock worth $4,652,000 after buying an additional 13,992 shares in the last quarter. Finally, RMB Capital Management LLC acquired a new position in shares of Union Bankshares Corp. during the first quarter worth $3,409,000. Institutional investors own 57.68% of the company’s stock.

Union Bankshares Corp. (NASDAQ:UBSH) traded up 1.89% during trading on Thursday, reaching $27.54. The company had a trading volume of 87,820 shares. Union Bankshares Corp. has a 52-week low of $20.57 and a 52-week high of $27.96. The company has a 50 day moving average price of $27.22 and a 200 day moving average price of $25.97. The company has a market capitalization of $1.20 billion, a PE ratio of 17.00 and a beta of 1.09.

Union Bankshares Corp. (NASDAQ:UBSH) last posted its earnings results on Friday, July 22nd. The financial services provider reported $0.44 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.41 by $0.03. Union Bankshares Corp. had a return on equity of 7.30% and a net margin of 20.64%. On average, equities analysts forecast that Union Bankshares Corp. will post $1.72 EPS for the current fiscal year.

A number of equities analysts have recently weighed in on UBSH shares. Keefe, Bruyette & Woods upped their target price on Union Bankshares Corp. from $25.00 to $27.00 and gave the company a “market perform” rating in a report on Monday, July 25th. Zacks Investment Research downgraded Union Bankshares Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, June 29th. Three research analysts have rated the stock with a hold rating, two have given a buy rating and one has issued a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $28.00.

About Union Bankshares Corp.

Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a financial holding company and a bank holding company. The Company offers financial services through its community bank subsidiary, Union Bank & Trust and three non-bank financial services affiliates. The Company’s non-bank financial services affiliates are Union Mortgage Group, Inc (UMG), Union Investment Services, Inc and Union Insurance Group, LLC.

5 Day Chart for NASDAQ:UBSH

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