Trexquant Investment LP decreased its position in Union Bankshares Corporation (NASDAQ:UBSH) by 35.1% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,685 shares of the financial services provider’s stock after selling 3,615 shares during the period. Trexquant Investment LP’s holdings in Union Bankshares Corporation were worth $227,000 as of its most recent filing with the SEC.
A number of other institutional investors have also recently made changes to their positions in UBSH. Bronfman E.L. Rothschild L.P. increased its position in shares of 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 last quarter. Ameritas Investment Partners Inc. purchased a new position in shares of Union Bankshares Corporation during the first quarter worth approximately $122,000. 361 Capital LLC purchased a new position in shares of Union Bankshares Corporation during the first quarter worth approximately $204,000. Cornerstone Capital Management Holdings LLC. purchased a new position in shares of Union Bankshares Corporation during the first quarter worth approximately $207,000. Finally, Cambridge Investment Research Advisors Inc. purchased a new position in shares of Union Bankshares Corporation during the first quarter worth approximately $222,000. Institutional investors own 62.73% of the company’s stock.
Union Bankshares Corporation (NASDAQ UBSH) opened at 31.10 on Tuesday. The stock has a 50 day moving average of $32.30 and a 200-day moving average of $34.20. The stock has a market cap of $1.36 billion, a P/E ratio of 17.34 and a beta of 1.23. Union Bankshares Corporation has a one year low of $26.13 and a one year high of $39.37.
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, meeting the consensus estimate of $0.46. The company had revenue of $87.06 million during the quarter, compared to the consensus estimate of $89.67 million. Union Bankshares Corporation had a net margin of 20.42% and a return on equity of 7.97%. Analysts anticipate that Union Bankshares Corporation will post $1.86 EPS for the current year.
The business also recently disclosed a quarterly dividend, which was paid on Friday, August 18th. Investors of record on Friday, August 4th were issued a $0.20 dividend. This represents a $0.80 annualized dividend and a yield of 2.57%. The ex-dividend date was Wednesday, August 2nd. Union Bankshares Corporation’s payout ratio is currently 44.44%.
TRADEMARK VIOLATION WARNING: This report was first published by StockNewsTimes and is owned by of StockNewsTimes. If you are accessing this report on another site, it was illegally stolen and republished in violation of international copyright laws. The original version of this report can be read at https://stocknewstimes.com/2017/08/22/trexquant-investment-lp-has-227000-stake-in-union-bankshares-corporation-ubsh.html.
A number of equities analysts have commented on the stock. BidaskClub upgraded shares of Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Saturday, June 10th. ValuEngine upgraded shares of Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research report on Friday, June 16th. UBS AG upgraded shares of Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating and set a $41.00 price objective for the company in a research report on Wednesday, May 24th. Zacks Investment Research downgraded shares of Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research report on Tuesday, July 25th. Finally, Brean Capital restated a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating, three have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $39.25.
About Union Bankshares Corporation
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.
Receive News & Ratings for Union Bankshares Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares Corporation and related companies with MarketBeat.com's FREE daily email newsletter.
