Public Employees Retirement System of Ohio lifted its stake in shares of Union Bankshares Corporation (NASDAQ:UBSH) by 3.9% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,128 shares of the financial services provider’s stock after buying an additional 460 shares during the quarter. Public Employees Retirement System of Ohio’s holdings in Union Bankshares Corporation were worth $411,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in UBSH. BlackRock Inc. grew its position in shares of Union Bankshares Corporation by 15,378.0% during the first quarter. BlackRock Inc. now owns 3,105,815 shares of the financial services provider’s stock worth $109,261,000 after buying an additional 3,085,749 shares in the last quarter. Bank of New York Mellon Corp grew its position in shares of Union Bankshares Corporation by 267.9% during the second quarter. Bank of New York Mellon Corp now owns 1,121,588 shares of the financial services provider’s stock worth $38,022,000 after buying an additional 816,696 shares in the last quarter. Eagle Asset Management Inc. acquired a new stake in shares of Union Bankshares Corporation during the second quarter worth approximately $15,837,000. Teachers Advisors LLC grew its position in shares of Union Bankshares Corporation by 306.9% during the first quarter. Teachers Advisors LLC now owns 399,241 shares of the financial services provider’s stock worth $14,045,000 after buying an additional 301,117 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its position in shares of Union Bankshares Corporation by 4.2% during the second quarter. Dimensional Fund Advisors LP now owns 3,666,823 shares of the financial services provider’s stock worth $124,306,000 after buying an additional 146,885 shares in the last quarter. 64.73% of the stock is owned by institutional investors and hedge funds.

UBSH has been the subject of a number of research reports. Zacks Investment Research downgraded shares of Union Bankshares Corporation from a “hold” rating to a “sell” rating in a report on Tuesday, July 25th. BidaskClub downgraded shares of Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a report on Tuesday, July 25th. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares Corporation in a report on Wednesday, August 2nd. Finally, ValuEngine downgraded shares of Union Bankshares Corporation from a “buy” rating to a “hold” rating in a report on Friday, September 1st. Two research analysts have rated the stock with a sell rating, two have given a hold rating, two have issued a buy rating and two have issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $39.33.

Shares of Union Bankshares Corporation (NASDAQ UBSH) opened at $34.33 on Tuesday. The company has a quick ratio of 0.94, a current ratio of 0.94 and a debt-to-equity ratio of 0.42. The stock has a market capitalization of $1,473.11, a price-to-earnings ratio of 18.01 and a beta of 1.25. Union Bankshares Corporation has a one year low of $29.50 and a one year high of $39.37.

Union Bankshares Corporation (NASDAQ:UBSH) last posted its earnings results on Wednesday, October 18th. The financial services provider reported $0.49 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.49. The company had revenue of $88.73 million for the quarter, compared to analysts’ expectations of $91.68 million. Union Bankshares Corporation had a return on equity of 7.98% and a net margin of 20.02%. equities research analysts anticipate that Union Bankshares Corporation will post 1.88 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, November 27th. Shareholders of record on Monday, November 13th will be paid a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a yield of 2.45%. This is a boost from Union Bankshares Corporation’s previous quarterly dividend of $0.20. The ex-dividend date of this dividend is Friday, November 10th. Union Bankshares Corporation’s dividend payout ratio (DPR) is presently 46.67%.

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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.

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

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