BRYN MAWR TRUST Co Purchases 93,637 Shares of Union Bankshares Corporation (UBSH)

BRYN MAWR TRUST Co raised its position in Union Bankshares Corporation (NASDAQ:UBSH) by 174.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 147,338 shares of the financial services provider’s stock after purchasing an additional 93,637 shares during the quarter. BRYN MAWR TRUST Co owned approximately 0.34% of Union Bankshares Corporation worth $4,995,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Alps Advisors Inc. grew its stake in Union Bankshares Corporation by 0.3% in the second quarter. Alps Advisors Inc. now owns 13,352 shares of the financial services provider’s stock valued at $453,000 after purchasing an additional 34 shares in the last quarter. 1st Global Advisors Inc. grew its stake in Union Bankshares Corporation by 0.8% in the first quarter. 1st Global Advisors Inc. now owns 6,599 shares of the financial services provider’s stock valued at $232,000 after purchasing an additional 52 shares in the last quarter. Bronfman E.L. Rothschild L.P. grew its stake in Union Bankshares Corporation by 3.8% in the second 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 in the last quarter. Legal & General Group Plc lifted its position in shares of Union Bankshares Corporation by 1.8% in the second quarter. Legal & General Group Plc now owns 16,440 shares of the financial services provider’s stock worth $558,000 after buying an additional 289 shares during the last quarter. Finally, Sullivan Bruyette Speros & Blaney LLC lifted its position in shares of Union Bankshares Corporation by 4.2% in the first quarter. Sullivan Bruyette Speros & Blaney LLC now owns 11,506 shares of the financial services provider’s stock worth $405,000 after buying an additional 465 shares during the last quarter. Hedge funds and other institutional investors own 64.13% of the company’s stock.

A number of analysts have weighed in on the company. Zacks Investment Research raised Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research report on Wednesday, September 6th. ValuEngine cut Union Bankshares Corporation from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Brean Capital reaffirmed a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. BidaskClub cut Union Bankshares Corporation from a “sell” rating to a “strong sell” rating in a research report on Tuesday, July 25th. Finally, Raymond James Financial, Inc. raised Union Bankshares Corporation from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, May 24th. One investment analyst has rated the stock with a sell rating, three have given a hold rating, two have assigned a buy rating and two have issued a strong buy rating to the stock. The company has an average rating of “Buy” and an average target price of $39.25.

ILLEGAL ACTIVITY WARNING: This news story was first reported by Stock Observer and is owned by of Stock Observer. If you are reading this news story on another website, it was stolen and reposted in violation of international trademark & copyright laws. The original version of this news story can be read at https://www.thestockobserver.com/2017/09/19/bryn-mawr-trust-co-purchases-93637-shares-of-union-bankshares-corporation-ubsh.html.

Shares of Union Bankshares Corporation (NASDAQ:UBSH) traded up 0.97% during mid-day trading on Tuesday, hitting $32.41. The company’s stock had a trading volume of 20,742 shares. The stock has a market cap of $1.42 billion, a PE ratio of 18.07 and a beta of 1.24. The company has a 50-day moving average price of $31.45 and a 200-day moving average price of $33.46. Union Bankshares Corporation has a 1-year low of $26.13 and a 1-year high of $39.37.

Union Bankshares Corporation (NASDAQ:UBSH) last announced its quarterly earnings data on Wednesday, July 19th. The financial services provider reported $0.46 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.46. The company had revenue of $87.06 million during the quarter, compared to analysts’ expectations of $89.67 million. Union Bankshares Corporation had a return on equity of 7.97% and a net margin of 20.42%. Analysts predict that Union Bankshares Corporation will post $1.86 EPS for the current fiscal year.

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.

Want to see what other hedge funds are holding UBSH? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Bankshares Corporation (NASDAQ:UBSH).

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

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.

Leave a Reply