Union First Market Bankshares Corp (NASDAQ:UBSH): Institutional Investor Sentiment Down to 1.53

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

Union First Market Bankshares Corp (NASDAQ:UBSH) institutional sentiment decreased to 1.53 in 2018 Q2. Its down -1.42, from 2.95 in 2018Q1. The ratio fall, as 84 hedge funds started new or increased equity positions, while 55 trimmed and sold equity positions in Union First Market Bankshares Corp. The hedge funds in our partner’s database now possess: 54.81 million shares, up from 44.37 million shares in 2018Q1. Also, the number of hedge funds holding Union First Market Bankshares Corp in their top 10 equity positions increased from 0 to 1 for an increase of 1. Sold All: 10 Reduced: 45 Increased: 64 New Position: 20.

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 $2.15 billion. The firm operates in two divisions, Community Bank and Mortgage. It has a 16.72 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 0.52% or $0.17 during the last trading session, reaching $32.53. About 336,037 shares traded or 2.14% up from the average. Union Bankshares Corporation (NASDAQ:UBSH) has risen 28.59% since December 7, 2017 and is uptrending. It has outperformed by 12.97% the S&P500.

Analysts await Union Bankshares Corporation (NASDAQ:UBSH) to report earnings on January, 22. They expect $0.68 earnings per share, up 30.77 % or $0.16 from last year’s $0.52 per share. UBSH’s profit will be $44.86 million for 11.96 P/E if the $0.68 EPS becomes a reality. After $0.60 actual earnings per share reported by Union Bankshares Corporation for the previous quarter, Wall Street now forecasts 13.33 % EPS growth.

Travelers Companies Inc. holds 32.51% of its portfolio in Union Bankshares Corporation for 125,231 shares. Fj Capital Management Llc owns 351,400 shares or 1.52% of their US portfolio. Moreover, Tributary Capital Management Llc has 1.19% invested in the company for 491,527 shares. The Illinois-based Banc Funds Co Llc has invested 1.13% in the stock. Emerald Mutual Fund Advisers Trust, a Pennsylvania-based fund reported 779,875 shares.

Since January 1, 0001, it had 1 buying transaction, and 3 selling transactions for $73,180 activity.

Union Bankshares Corporation (NASDAQ:UBSH) Ratings Coverage

Ratings analysis reveals 75% of Union First Market Bankshares Corp’s analysts are positive. Out of 4 Wall Street analysts rating Union First Market Bankshares Corp, 3 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $42 while the high is $47. The stock’s average target of $44.50 is 36.80% above today’s ($32.53) share price. UBSH was included in 5 notes of analysts from June 11, 2018. As per Monday, June 11, the company rating was maintained by Brean Capital. Raymond James maintained the stock with “Strong Buy” rating in Monday, August 20 report. The rating was downgraded by Compass Point to “Neutral” on Monday, October 8. Brean Capital upgraded Union Bankshares Corporation (NASDAQ:UBSH) rating on Thursday, October 18. Brean Capital has “Buy” rating and $42 target. Sandler O’Neill upgraded the stock to “Buy” rating in Thursday, October 18 report.

More notable recent Union Bankshares Corporation (NASDAQ:UBSH) news were published by: Globenewswire.com which released: “Union Bankshares Corporation Declares Quarterly Dividend Nasdaq:UBSH – GlobeNewswire” on July 19, 2018, also Globenewswire.com with their article: “Union Bankshares Corporation Announces Closing of Secondary Offering – GlobeNewswire” published on January 26, 2018, Globenewswire.com published: “Union Bankshares Corporation Completes Acquisition of Xenith Bankshares, Inc. – GlobeNewswire” on January 01, 2018. More interesting news about Union Bankshares Corporation (NASDAQ:UBSH) were released by: Nasdaq.com and their article: “Validea’s Top Five Financial Stocks Based On Motley Fool – 9/9/2018 – Nasdaq” published on September 09, 2018 as well as Bizjournals.com‘s news article titled: “Access National Bank for sale: Here are five things to know about the deal – Washington Business Journal” with publication date: October 08, 2018.

Union Bankshares Corporation (NASDAQ:UBSH) Institutional Positions Chart

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