Parametric Portfolio Associates LLC owned approximately 0.16% of Union Bankshares Corporation worth $2,385,000 as of its most recent filing with the SEC.
Several institutional investors have recently added to or reduced their stakes in UBSH. State Street Corp increased its position in First Financial Bankshares by 8.8% in the fourth quarter. Teachers Retirement System of The State of Kentucky now owns 53,560 shares of the financial services provider's stock valued at $1,674,000 after buying an additional 26,780 shares during the period. Bank of New York Mellon Corp now owns 1,127,767 shares of the bank's stock valued at $45,222,000 after buying an additional 291,772 shares during the period. Kayne Anderson Rudnick Investment Management LLC increased its position in First Financial Bankshares by 3.1% in the first quarter. Allianz Asset Management AG now owns 70,418 shares of the financial services provider's stock valued at $2,516,000 after buying an additional 11,904 shares during the last quarter. Finally, Norges Bank bought a new position in First Financial Bankshares during the fourth quarter valued at approximately $24,266,000. Union Bankshares Corporation has a 1-year low of $23.28 and a 1-year high of $39.37. (NASDAQ:FFIN) are included below. 301,553 shares of the company were exchanged. The firm has a 50-day moving average price of $40.39 and a 200 day moving average price of $41.73. The company has a market capitalization of $1.51 billion, a P/E ratio of 18.93 and a beta of 1.25.
Analysts expect Union Bankshares, Inc.
Union Bankshares Corporation (NASDAQ:UBSH) last issued its earnings results on Wednesday, April 19th. The bank reported $0.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.39 by $0.01. Union Bankshares Corp (NASDAQ:UBSH) has risen 21.53% since July 7, 2016 and is uptrending. The firm had revenue of $85.41 million for the quarter, compared to analyst estimates of $86.10 million. During the same period in the previous year, the firm earned $0.39 EPS. The company's quarterly revenue was up 2.0% compared to the same quarter past year. The average 1-year price objective among analysts that have covered the stock in the last year is $38.50.
The business also recently declared a quarterly dividend, which was paid on Monday, July 3rd. Investors of record on Friday, June 16th were issued a $0.19 dividend. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date of this dividend was Wednesday, June 14th. This is a boost from First Financial Bankshares's previous quarterly dividend of $0.18. First Financial Bankshares's payout ratio is 47.50%.
TRADEMARK VIOLATION NOTICE: "Positive Media Coverage Unlikely to Affect First Financial Bankshares (FFIN) Stock Price" was reported by Sports Perspectives and is the property of of Sports Perspectives. If you are accessing this report on another publication, it was copied illegally and reposted in violation of US & global copyright and trademark laws. Union First Market Bankshares Corporation had 15 analyst reports since July 22, 2015 according to SRatingsIntel. Zacks Investment Research downgraded shares of Union Bankshares Corporation from a "strong-buy" rating to a "hold" rating in a research note on Wednesday, March 29th. BidaskClub upgraded shares of Union Bankshares Corporation from a "sell" rating to a "hold" rating in a research report on Saturday, June 10th. (NASDAQ:UNB). Bancshares Of America Corporation De reported 0% in Union Bankshares, Inc. Keefe, Bruyette & Woods raised Union Bankshares Corporation from a market perform rating to an outperform rating and raised their target price for the company from $37.00 to $38.00 in a report on Tuesday, May 23rd. Four analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Compass Point has "Buy" rating and $28 target.
Shares of First Financial Bankshares (NASDAQ:FFIN) traded up 0.11% during midday trading on Friday, hitting $44.15. The shares were acquired at an average price of $40.36 per share, for a total transaction of $60,540.00. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink.
In other news, Director Ronald N. Giddiens sold 1,000 shares of the business's stock in a transaction on Friday, June 9th. The stock was sold at an average price of $41.00, for a total value of $41,000.00. Following the completion of the sale, the director now owns 13,816 shares in the company, valued at $566,456. Corporate insiders own 5.04% of the company's stock.
Union Bankshares Corporation is a financial holding company and bank holding company. The Company, through its subsidiaries, conducts commercial banking business. The Company offers financial services through its community bank subsidiary, Union Bank & Trust (the Bank) and three non-bank financial services affiliates.