Large Inflow of Money Witnessed in Union Bankshares Corporation

Union Bankshares Corporation (NASDAQ:UBSH) : $0.02 million worth of transactions were on upticks in Union Bankshares Corporation (NASDAQ:UBSH), compared to $0 million on downticks. The ratio between the two was 9.56, whereas, the net money flow stood at a healthy $0.02 million on Wednesdays session. The consistent buying on upticks in the stock accounted for $0.01million worth of trades. The total money flow into the stock stood at $0.01 million. The bulls and the bears were in an equilibrium as the stock closed with a loss of -0.21%. The stock was trading at $24.09, with a drop of $0.05 over the previous days close. The stock recorded -3.76% for the week.


In an insider trading activity, Hoover Jan S, director of Union Bankshares Corp, executed a transaction worth $12,577 on March 8, 2016. A total of 528 shares were purchased at an average price of $23.82. The Insider information was divulged by the Securities and Exchange Commission in a Form 4 filing. The information is based on open market trades at the market prices.Option exercises are not covered. Currently the company Insiders own 2% of Union Bankshares Corporation shares according to the proxy statements. Institutional Investors own 58.11% of Union Bankshares Corporation shares. During last six month period, the net percent change held by insiders has seen a change of 3.64%.

The company shares have rallied 2.07% from its 1 Year high price. On Jun 6, 2016, the shares registered one year high at $27.39 and the one year low was seen on Feb 11, 2016. The 50-Day Moving Average price is $26.26 and the 200 Day Moving Average price is recorded at $24.64. Union Bankshares Corporation (NASDAQ:UBSH): During Wednesdays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $24.31 and $24.09 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $25.87. The buying momentum continued till the end and the stock did not give up its gains. It closed at $24.58, notching a gain of 1.82% for the day. The total traded volume was 150,223 . The stock had closed at $24.14 on the previous day.

Union Bankshares Corporation, formerly Union First Market Bankshares Corporation, is a bank holding company. The Company offers financial services through its community bank subsidiary Union Bank & Trust and three non-bank financial services affiliates. The Companys non-bank financial services affiliates are Union Mortgage Group, Inc. (UMG), Union Investment Services, Inc. and Union Insurance Group, LLC. The Company operates in two segments: its traditional full service community banking segment and its mortgage loan origination business segment. The community bank segment includes one subsidiary bank, which provides loan, deposit, investment, and trust services to retail and commercial customers throughout approximately 131 retail locations in Virginia. The mortgage segment includes UMG, which provides a variety of mortgage loan products in Virginia, North Carolina, South Carolina, Maryland, and the Washington D.C. metro area.

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