MML Investors Services LLC held its position in Union Bankshares Corporation (NASDAQ:UBSH) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 26,583 shares of the financial services provider’s stock at the close of the 2nd quarter. MML Investors Services LLC owned approximately 0.06% of Union Bankshares Corporation worth $901,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in the business. Alps Advisors Inc. raised 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 buying an additional 34 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its stake in shares of 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 worth $109,000 after purchasing an additional 119 shares during the last quarter. Legal & General Group Plc raised its stake 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 purchasing an additional 289 shares during the last quarter. Strs Ohio raised its stake in shares of Union Bankshares Corporation by 1.7% in the second quarter. Strs Ohio now owns 29,300 shares of the financial services provider’s stock worth $993,000 after purchasing an additional 500 shares during the last quarter. Finally, Trexquant Investment LP raised its stake in shares of Union Bankshares Corporation by 6.4% in the first quarter. Trexquant Investment LP now owns 10,300 shares of the financial services provider’s stock worth $362,000 after purchasing an additional 616 shares during the last quarter. Institutional investors own 64.13% of the company’s stock.

Union Bankshares Corporation (NASDAQ:UBSH) opened at 33.21 on Monday. The company’s 50-day moving average price is $31.49 and its 200 day moving average price is $33.43. The stock has a market capitalization of $1.45 billion, a PE ratio of 18.51 and a beta of 1.24. Union Bankshares Corporation has a 12 month low of $26.13 and a 12 month high of $39.37.

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

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Several research analysts have recently issued reports on UBSH shares. BidaskClub upgraded Union Bankshares Corporation from a “sell” rating to a “hold” rating in a research note on Saturday, June 10th. ValuEngine upgraded Union Bankshares Corporation from a “hold” rating to a “buy” rating in a research note on Friday, June 16th. Zacks Investment Research cut Union Bankshares Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, July 25th. Finally, Brean Capital reiterated a “hold” rating on shares of Union Bankshares Corporation in a research report on Wednesday, August 2nd. One research analyst has rated the stock with a sell rating, three have issued a hold rating, two have given a buy rating and two have issued a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $39.25.

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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