Outfitter Advisors LTD. increased its position in Union Bankshares Corporation (NASDAQ:UBSH) by 6.1% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 45,980 shares of the financial services provider’s stock after buying an additional 2,650 shares during the period. Outfitter Advisors LTD.’s holdings in Union Bankshares Corporation were worth $1,559,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of UBSH. 1st Global Advisors Inc. boosted its position in Union Bankshares Corporation by 0.8% in the first quarter. 1st Global Advisors Inc. now owns 6,599 shares of the financial services provider’s stock worth $232,000 after buying an additional 52 shares during the period. Bronfman E.L. Rothschild L.P. boosted its position in Union Bankshares Corporation by 2.3% in the first quarter. Bronfman E.L. Rothschild L.P. now owns 3,107 shares of the financial services provider’s stock worth $109,000 after buying an additional 70 shares during the period. Trexquant Investment LP boosted its position in Union Bankshares Corporation by 6.4% in the first quarter. Trexquant Investment LP now owns 10,300 shares of the financial services provider’s stock worth $362,000 after buying an additional 616 shares during the period. Parametric Portfolio Associates LLC boosted its position in Union Bankshares Corporation by 7.5% in the first quarter. Parametric Portfolio Associates LLC now owns 67,789 shares of the financial services provider’s stock worth $2,385,000 after buying an additional 4,745 shares during the period. Finally, TFS Capital LLC bought a new position in Union Bankshares Corporation during the first quarter worth $371,000. 60.57% of the stock is currently owned by institutional investors and hedge funds.

Shares of Union Bankshares Corporation (NASDAQ:UBSH) opened at 31.13 on Friday. The firm has a market capitalization of $1.36 billion, a PE ratio of 17.35 and a beta of 1.23. Union Bankshares Corporation has a 1-year low of $26.13 and a 1-year high of $39.37. The firm’s 50 day moving average is $32.62 and its 200 day moving average is $34.46.

Union Bankshares Corporation (NASDAQ:UBSH) last issued its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share for the quarter, hitting the Zacks’ 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 return on equity of 7.97% and a net margin of 20.42%. Analysts anticipate that Union Bankshares Corporation will post $1.86 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Friday, August 18th. Investors of record on Friday, August 4th will be paid a $0.20 dividend. The ex-dividend date of this dividend is Wednesday, August 2nd. This represents a $0.80 dividend on an annualized basis and a yield of 2.57%. Union Bankshares Corporation’s dividend payout ratio is currently 44.44%.

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A number of equities analysts have recently weighed in on the stock. BidaskClub raised shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. ValuEngine raised shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Raymond James Financial, Inc. raised shares of Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, May 24th. UBS AG raised shares of Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating and set a $41.00 price objective on the stock in a research note on Wednesday, May 24th. Finally, Keefe, Bruyette & Woods raised shares of Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $37.00 to $38.00 in a research note on Tuesday, May 23rd. Two investment analysts have rated the stock with a sell rating, one has given a hold rating, three have issued a buy rating and two have issued a strong buy rating to the company’s stock. Union Bankshares Corporation currently has an average rating of “Buy” and an average price target of $39.25.

Union Bankshares Corporation Company 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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