LSV Asset Management Has $6.11 Million Stake in Union Bankshares Corporation (UBSH)

LSV Asset Management raised its holdings in shares of Union Bankshares Corporation (NASDAQ:UBSH) by 0.5% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 180,239 shares of the financial services provider’s stock after acquiring an additional 900 shares during the quarter. LSV Asset Management owned approximately 0.41% of Union Bankshares Corporation worth $6,110,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently made changes to their positions in the company. Bronfman E.L. Rothschild L.P. raised its position in shares of Union Bankshares Corporation by 3.8% during the 2nd quarter. Bronfman E.L. Rothschild L.P. now owns 3,226 shares of the financial services provider’s stock valued at $109,000 after purchasing an additional 119 shares during the period. Ameritas Investment Partners Inc. bought a new stake in shares of Union Bankshares Corporation during the 1st quarter valued at $122,000. SG Americas Securities LLC bought a new stake in shares of Union Bankshares Corporation during the 2nd quarter valued at $119,000. Victory Capital Management Inc. raised its position in shares of Union Bankshares Corporation by 17.6% during the 2nd quarter. Victory Capital Management Inc. now owns 5,230 shares of the financial services provider’s stock valued at $177,000 after purchasing an additional 783 shares during the period. Finally, Cornerstone Capital Management Holdings LLC. bought a new stake in shares of Union Bankshares Corporation during the 1st quarter valued at $207,000. Hedge funds and other institutional investors own 64.59% of the company’s stock.

Shares of Union Bankshares Corporation (UBSH) opened at 31.50 on Friday. Union Bankshares Corporation has a 12 month low of $26.13 and a 12 month high of $39.37. The stock’s 50 day moving average is $31.41 and its 200 day moving average is $33.54. The company has a market capitalization of $1.38 billion, a P/E ratio of 17.56 and a beta of 1.24.

Union Bankshares Corporation (NASDAQ:UBSH) last announced its quarterly earnings results on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share (EPS) for the quarter, hitting the Zacks’ 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 for the quarter, compared to the consensus estimate of $89.67 million. On average, equities analysts predict that Union Bankshares Corporation will post $1.86 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a dividend of $0.20 per share. This represents a $0.80 dividend on an annualized basis and a yield of 2.54%. The ex-dividend date was Wednesday, August 2nd. Union Bankshares Corporation’s dividend payout ratio (DPR) is presently 44.44%.

Several analysts have recently commented on UBSH shares. Raymond James Financial, Inc. upgraded shares of Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, May 24th. Keefe, Bruyette & Woods upgraded shares of Union Bankshares Corporation from a “market perform” rating to an “outperform” rating and raised their price objective for the company from $37.00 to $38.00 in a research report on Tuesday, May 23rd. BidaskClub upgraded shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Friday, June 30th. ValuEngine upgraded shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. Finally, Brean Capital restated a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. One investment analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and two have given a strong buy rating to the company’s stock. Union Bankshares Corporation presently has an average rating of “Buy” and an average target price of $39.25.

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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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