Union Bankshares Corp (UBSH) Stake Boosted by Guggenheim Capital LLC

Guggenheim Capital LLC grew its holdings in Union Bankshares Corp (NASDAQ:UBSH) by 4.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 248,660 shares of the financial services provider’s stock after purchasing an additional 9,781 shares during the period. Guggenheim Capital LLC owned approximately 0.38% of Union Bankshares worth $8,994,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp boosted its holdings in shares of Union Bankshares by 13.7% during the 4th quarter. Bank of New York Mellon Corp now owns 2,037,942 shares of the financial services provider’s stock valued at $73,712,000 after acquiring an additional 245,262 shares in the last quarter. California Public Employees Retirement System boosted its holdings in shares of Union Bankshares by 9.6% during the 3rd quarter. California Public Employees Retirement System now owns 74,338 shares of the financial services provider’s stock valued at $2,624,000 after acquiring an additional 6,538 shares in the last quarter. Palladium Partners LLC acquired a new stake in shares of Union Bankshares during the 4th quarter valued at $290,000. Schwab Charles Investment Management Inc. boosted its holdings in shares of Union Bankshares by 16.6% during the 4th quarter. Schwab Charles Investment Management Inc. now owns 251,548 shares of the financial services provider’s stock valued at $9,099,000 after acquiring an additional 35,825 shares in the last quarter. Finally, LSV Asset Management boosted its holdings in shares of Union Bankshares by 3.0% during the 4th quarter. LSV Asset Management now owns 185,639 shares of the financial services provider’s stock valued at $6,714,000 after acquiring an additional 5,400 shares in the last quarter. Institutional investors own 47.49% of the company’s stock.

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Several equities research analysts recently weighed in on UBSH shares. Brean Capital reissued a “hold” rating on shares of Union Bankshares in a report on Monday, February 5th. Zacks Investment Research downgraded Union Bankshares from a “buy” rating to a “hold” rating in a report on Wednesday, February 14th. Merion Capital Group raised their price objective on Union Bankshares from $45.00 to $47.00 and gave the company an “outperform” rating in a report on Wednesday, January 24th. BidaskClub downgraded Union Bankshares from a “hold” rating to a “sell” rating in a report on Wednesday, January 3rd. Finally, Sandler O’Neill set a $39.00 price objective on Union Bankshares and gave the company a “hold” rating in a report on Thursday, January 4th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $41.80.

In other Union Bankshares news, Director G William Beale sold 32,064 shares of Union Bankshares stock in a transaction dated Tuesday, March 13th. The stock was sold at an average price of $39.67, for a total transaction of $1,271,978.88. Following the transaction, the director now directly owns 84,333 shares of the company’s stock, valued at approximately $3,345,490.11. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 2.18% of the stock is currently owned by insiders.

Union Bankshares Corp (NASDAQ UBSH) opened at $36.31 on Monday. The company has a market capitalization of $2,390.83, a PE ratio of 21.74 and a beta of 1.17. Union Bankshares Corp has a twelve month low of $29.50 and a twelve month high of $39.80. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.41.

Union Bankshares (NASDAQ:UBSH) last announced its earnings results on Tuesday, January 23rd. The financial services provider reported $0.52 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.51 by $0.01. The firm had revenue of $90.64 million for the quarter, compared to the consensus estimate of $91.35 million. Union Bankshares had a return on equity of 8.09% and a net margin of 18.15%. equities analysts anticipate that Union Bankshares Corp will post 2.51 earnings per share for the current fiscal year.

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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.

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

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