Dynamic Technology Lab Private Ltd raised its holdings in shares of Union Bankshares Corporation (NASDAQ:UBSH) by 121.3% in the 2nd quarter, according to its most recent 13F filing with the SEC. The fund owned 27,275 shares of the financial services provider’s stock after acquiring an additional 14,952 shares during the period. Dynamic Technology Lab Private Ltd owned approximately 0.06% of Union Bankshares Corporation worth $924,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of UBSH. Bank of New York Mellon Corp raised its position in shares of Union Bankshares Corporation by 5.5% during 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 acquiring an additional 15,940 shares during the last quarter. Swiss National Bank raised its position in shares of Union Bankshares Corporation by 1.6% during the 1st quarter. Swiss National Bank now owns 71,958 shares of the financial services provider’s stock valued at $2,531,000 after acquiring an additional 1,100 shares during the last quarter. UBS Asset Management Americas Inc. raised its position in shares of Union Bankshares Corporation by 114.5% during 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 acquiring an additional 8,783 shares during the last quarter. Parametric Portfolio Associates LLC raised its position in shares of Union Bankshares Corporation by 7.5% during 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 acquiring an additional 4,745 shares during the last quarter. Finally, Ameritas Investment Partners Inc. bought a new stake in shares of Union Bankshares Corporation during the 1st quarter valued at $122,000. Institutional investors own 63.68% of the company’s stock.

Several analysts have commented on UBSH shares. ValuEngine upgraded shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Saturday, September 30th. Zacks Investment Research upgraded shares of 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 upgraded shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. One equities 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 a consensus rating of “Buy” and a consensus target price of $39.33.

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Shares of Union Bankshares Corporation (UBSH) traded up 0.37% during trading on Monday, reaching $35.24. 13,404 shares of the company were exchanged. Union Bankshares Corporation has a 52-week low of $26.68 and a 52-week high of $39.37. The stock’s 50-day moving average is $33.10 and its 200-day moving average is $33.35. The firm has a market cap of $1.54 billion, a price-to-earnings ratio of 19.64 and a beta of 1.25.

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

Union Bankshares Corporation 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.

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

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