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Principale » Parametric Portfolio Associates LLC Raises Stake in Union Bankshares Corporation (UBSH)

Parametric Portfolio Associates LLC Raises Stake in Union Bankshares Corporation (UBSH)

11 Juillet 2017

State of Alaska Department of Revenue boosted its stake in shares of First Financial Bankshares by 1.9% in the first quarter.

News headlines about First Financial Bankshares (NASDAQ:FFIN) have been trending positive recently, according to Accern Sentiment. Hedge funds and other institutional investors own 60.46% of the company's stock. Stifel Financial Corp's holdings in First Financial Bankshares were worth $491,000 as of its most recent SEC filing.

Several institutional investors have recently added to or reduced their stakes in UBSH. The Firm operates through Union Bank segment, which provides retail, commercial, municipal banking, and asset management and trust services throughout its approximately 20 banking offices, over two loan centers, and a range of automated teller machines (ATMs) covering northern Vermont and New Hampshire. 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 in the last quarter. Insiders purchased 3,230 shares of company stock valued at $127,549 in the last ninety days. Guggenheim Capital LLC now owns 71,903 shares of the financial services provider's stock valued at $2,570,000 after buying an additional 3,681 shares in the last 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. AQR Capital Management LLC boosted its stake in shares of First Financial Bankshares by 1.2% in the fourth quarter. Union Bankshares has a 12-month low of $32.55 and a 12-month high of $50.15. (NASDAQ:FFIN) are included below. About 164,012 shares traded. The firm has a 50-day moving average of $40.39 and a 200-day moving average of $41.73. The stock has a market cap of $2.90 billion, a PE ratio of 27.59 and a beta of 1.35.

Analysts expect Union Bankshares, Inc.

First Financial Bankshares (NASDAQ:FFIN) last posted its earnings results on Thursday, April 20th. The financial services provider reported $0.44 EPS for the quarter, topping the Zacks' consensus estimate of $0.43 by $0.01. Union Bankshares Corporation had a return on equity of 7.95% and a net margin of 21.26%. The business had revenue of $8.53 million for the quarter. The company's revenue for the quarter was up 2.0% compared to the same quarter a year ago. Analysts forecast that Union Bankshares Corporation will post $1.93 EPS for the current year. Stockholders of record on Friday, June 16th were issued a dividend of $0.19 per share. This represents a $0.76 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Wednesday, June 14th. First Financial Bankshares's dividend payout ratio is now 47.50%. First Financial Bankshares's payout ratio is 47.50%.

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Several equities analysts have recently commented on the stock. 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 raised Union Bankshares Corporation from a sell rating to a hold rating in a report on Saturday, June 10th. The rating was upgraded by Raymond James to "Strong Buy" on Monday, March 28. Keefe, Bruyette & Woods raised shares of First Financial Bankshares from an "underperform" rating to a "market perform" rating and raised their target price for the stock from $37.00 to $38.00 in a report on Friday, April 21st. Four equities research analysts have rated the stock with a hold rating and one has issued a buy rating to the stock. The stock was purchased at an average price of $38.55 per share, with a total value of $38,550.00.

Shares of Union Bankshares Corporation (NASDAQ UBSH) opened at 34.55 on Monday. Following the completion of the transaction, the director now owns 387,588 shares in the company, valued at $15,643,051.68. The purchase was disclosed in a filing with the SEC, which is available through this link. Also, Director Ronald N. Giddiens sold 1,000 shares of First Financial Bankshares stock in a transaction on Friday, June 9th. The stock was sold at an average price of $41.00, for a total transaction of $41,000.00. The disclosure for this sale can be found here. Corporate insiders own 5.04% of the company's stock.

Financial Bank Of Mellon stated it has 0% in Union Bankshares, Inc.

Union Bankshares, Inc.is a one-bank holding firm whose subsidiary is Union Bank.