First National Bank of Omaha bought a new stake in shares of Union Bankshares Corp (NASDAQ:UBSH) in the 4th quarter, according to the company in its most recent filing with the SEC. The fund bought 39,880 shares of the financial services provider’s stock, valued at approximately $1,442,000.

Several other institutional investors have also modified their holdings of UBSH. Wells Fargo & Company MN raised its position in shares of Union Bankshares by 33.3% during the 2nd quarter. Wells Fargo & Company MN now owns 140,896 shares of the financial services provider’s stock valued at $4,776,000 after acquiring an additional 35,197 shares during the last quarter. Nationwide Fund Advisors raised its position in shares of Union Bankshares by 34.4% during the 2nd quarter. Nationwide Fund Advisors now owns 56,544 shares of the financial services provider’s stock valued at $1,917,000 after acquiring an additional 14,476 shares during the last quarter. BlackRock Inc. raised its position in shares of Union Bankshares by 2.0% during the 2nd quarter. BlackRock Inc. now owns 3,166,543 shares of the financial services provider’s stock valued at $107,346,000 after acquiring an additional 60,728 shares during the last quarter. New York State Common Retirement Fund raised its position in shares of Union Bankshares by 2.9% during the 2nd quarter. New York State Common Retirement Fund now owns 60,189 shares of the financial services provider’s stock valued at $2,040,000 after acquiring an additional 1,699 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in shares of Union Bankshares by 36.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 22,530 shares of the financial services provider’s stock valued at $764,000 after acquiring an additional 6,076 shares during the last quarter. Institutional investors own 64.98% of the company’s stock.

Several brokerages have commented on UBSH. Brean Capital reiterated a “hold” rating on shares of Union Bankshares in a research report on Tuesday, January 23rd. Merion Capital Group upped their target price on shares of Union Bankshares from $45.00 to $47.00 and gave the company an “outperform” rating in a research report on Wednesday, January 24th. Zacks Investment Research upgraded shares of Union Bankshares from a “hold” rating to a “strong-buy” rating and set a $44.00 price objective for the company in a research report on Saturday, January 13th. BidaskClub upgraded shares of Union Bankshares from a “sell” rating to a “hold” rating in a research report on Thursday, January 11th. Finally, Sandler O’Neill set a $39.00 price objective on shares of Union Bankshares and gave the company a “hold” rating in a research report on Thursday, January 4th. Four investment analysts have rated the stock with a hold rating, two have issued a buy rating and three have assigned a strong buy rating to the stock. Union Bankshares currently has a consensus rating of “Buy” and a consensus price target of $41.80.

Shares of Union Bankshares Corp (NASDAQ UBSH) opened at $36.55 on Friday. The company has a debt-to-equity ratio of 0.42, a current ratio of 0.94 and a quick ratio of 0.94. Union Bankshares Corp has a 1 year low of $29.50 and a 1 year high of $39.37. The company has a market cap of $2,350.00, a price-to-earnings ratio of 21.89 and a beta of 1.21.

Union Bankshares (NASDAQ:UBSH) last released its quarterly earnings data on Tuesday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, beating the Zacks’ consensus estimate of $0.51 by $0.01. Union Bankshares had a net margin of 18.15% and a return on equity of 8.12%. The business had revenue of $90.64 million during the quarter, compared to analysts’ expectations of $91.35 million. research analysts expect that Union Bankshares Corp will post 2.56 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, February 20th. Investors of record on Tuesday, February 6th will be given a $0.21 dividend. This represents a $0.84 dividend on an annualized basis and a dividend yield of 2.30%. The ex-dividend date is Monday, February 5th. Union Bankshares’s dividend payout ratio is currently 50.30%.

In other news, EVP John G. Jr. Stallings acquired 1,373 shares of the stock in a transaction that occurred on Thursday, December 14th. The stock was acquired at an average price of $36.22 per share, for a total transaction of $49,730.06. Following the transaction, the executive vice president now directly owns 9,582 shares in the company, valued at $347,060.04. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 2.18% of the stock is owned by corporate insiders.

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Union Bankshares 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 (NASDAQ:UBSH)

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