Union First Market Bankshares Corp (NASDAQ:UBSH) Institutional Investor Positioning Change

April 17, 2018 - By Margaret Downey

Union Bankshares Corporation (NASDAQ:UBSH) Logo

Sentiment for Union First Market Bankshares Corp (NASDAQ:UBSH)

Union First Market Bankshares Corp (NASDAQ:UBSH) institutional sentiment increased to 1.6 in 2017 Q4. Its up 0.55, from 1.05 in 2017Q3. The ratio is better, as 80 active investment managers increased and opened new equity positions, while 50 trimmed and sold stakes in Union First Market Bankshares Corp. The active investment managers in our partner’s database now have: 30.13 million shares, up from 28.06 million shares in 2017Q3. Also, the number of active investment managers holding Union First Market Bankshares Corp in their top 10 equity positions was flat from 0 to 0 for the same number . Sold All: 7 Reduced: 43 Increased: 48 New Position: 32.

Union Bankshares Corporation operates as the bank holding firm for Union Bank & Trust that provides banking and related financial services to clients and businesses. The company has market cap of $2.39 billion. The firm operates in two divisions, Community Bank and Mortgage. It has a 21.77 P/E ratio. It accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts, as well as certificates of deposit and other depository services.

The stock decreased 0.25% or $0.09 during the last trading session, reaching $36.34. About 75,505 shares traded. Union Bankshares Corporation (NASDAQ:UBSH) has risen 7.77% since April 17, 2017 and is uptrending. It has underperformed by 3.78% the S&P500.

Analysts await Union Bankshares Corporation (NASDAQ:UBSH) to report earnings on April, 18. They expect $0.54 earnings per share, up 22.73 % or $0.10 from last year’s $0.44 per share. UBSH’s profit will be $35.56 million for 16.82 P/E if the $0.54 EPS becomes a reality. After $0.52 actual earnings per share reported by Union Bankshares Corporation for the previous quarter, Wall Street now forecasts 3.85 % EPS growth.

Tributary Capital Management Llc holds 1.32% of its portfolio in Union Bankshares Corporation for 419,880 shares. Investment Counselors Of Maryland Llc owns 557,799 shares or 1% of their US portfolio. Moreover, Martin & Co Inc Tn has 1% invested in the company for 87,476 shares. The Texas-based Vaughan Nelson Investment Management L.P. has invested 0.9% in the stock. Union Bankshares Corp, a Virginia-based fund reported 76,148 shares.#img1#

Since January 1, 0001, it had 1 insider buy, and 1 insider sale for $1.22 million activity.

Union Bankshares Corporation (NASDAQ:UBSH) Ratings Coverage

Ratings analysis reveals 50% of Union First Market Bankshares Corp’s analysts are positive. Out of 6 Wall Street analysts rating Union First Market Bankshares Corp, 3 give it “Buy”, 0 “Sell” rating, while 3 recommend “Hold”. The lowest target is $38.0 while the high is $47. The stock’s average target of $42.60 is 17.23% above today’s ($36.34) share price. UBSH was included in 18 notes of analysts from October 23, 2017. Brean Capital maintained the stock with “Hold” rating in Monday, October 30 report. The firm has “Hold” rating given on Friday, December 1 by Brean Capital. Brean Capital maintained Union Bankshares Corporation (NASDAQ:UBSH) on Thursday, April 5 with “Hold” rating. As per Monday, April 16, the company rating was maintained by Brean Capital. On Thursday, January 4 the stock rating was maintained by Sandler O’Neill with “Hold”. The rating was maintained by Brean Capital on Monday, October 23 with “Hold”. The stock of Union Bankshares Corporation (NASDAQ:UBSH) earned “Hold” rating by Robert W. Baird on Wednesday, January 10. On Monday, January 29 the stock rating was maintained by Brean Capital with “Hold”. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. As per Monday, February 5, the company rating was maintained by Brean Capital.

Union Bankshares Corporation (NASDAQ:UBSH) Institutional Positions Chart

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