Alexander & Baldwin Reit (ALEX) Position Maintained by First Hawaiian Bank; Banc Funds Co Has Upped Its Union Bankshares (UBSH) Stake by $11.03 Million

 

Banc Funds Co Llc increased its stake in Union Bankshares Corporation (UBSH) by 86.76% based on its latest 2018Q1 regulatory filing with the SEC. Banc Funds Co Llc bought 306,441 shares as the company’s stock rose 6.44% while stock markets declined. The hedge fund held 659,642 shares of the major banks company at the end of 2018Q1, valued at $24.22 million, up from 353,201 at the end of the previous reported quarter. Banc Funds Co Llc who had been investing in Union Bankshares Corporation for a number of months, seems to be bullish on the $2.68B market cap company. The stock decreased 0.02% or $0.01 during the last trading session, reaching $40.62. About 36,489 shares traded. Union Bankshares Corporation (NASDAQ:UBSH) has risen 21.26% since July 30, 2017 and is uptrending.

 

It has outperformed by 8.69% the S&P500. Some Historical UBSH News: 10/05/2018 – UNION BANK OF INDIA LTD UNBK.NS SAYS DOMESTIC NIM FOR MARCH QTR WAS 1.99 PCT; 24/05/2018 – BSE Mumbai Bourse: Results from City Union Bank for Jan 01 to Mar 31; 12/04/2018 – SHREE SURGOVIND TRADELINK LTD SHEE.BO – GOT SANCTIONED ADHOC FACILITY OF 50.6 MLN RUPEES ON LC FACILITY SECURED WITH UNION BANK OF INDIA; 08/03/2018 – DIRECT INSURANCE SAYS IT ISN’T MULLING PURCHASE OF UNION BANK; 10/05/2018 – INDIA’S UNION BANK EXEC SAYS SEES 2018/19 CREDIT COST OF 2 PCT; 10/05/2018 – UNION BANK OF NIGERIA PLC UBN.LG – FY 2017 PROFIT BEFORE TAX OF 15.5 BLN NAIRA VS 15.7 BLN NAIRA YEAR AGO; 17/05/2018 – UNION BANK OF INDIA LTD UNBK.NS SAYS WITH THIS INVESTMENT, DAI-ICHI LIFE WOULD APPOINT ONE NOMINEE DIRECTOR ON BOARD OF UNION AMC; 09/03/2018 – UNION BANK OF INDIA UNBK.NS CEO SAYS HAS DIRECT CREDIT EXPOSURE OF ABOUT 1.2 BLN RUPEES TO NIRAV MODI FIRMS; 09/03/2018 – UNION BANK OF INDIA UNBK.NS CEO SAYS HAS DIRECT CREDIT EXPOSURE OF ABOUT 1.75 BLN RUPEES TO GITANJALI FIRMS; 10/05/2018 – UNION BANK OF INDIA LTD UNBK.NS SAYS SLIPPAGES FOR MARCH QTR WAS 100.43 BLN RUPEES.

First Hawaiian Bank increased its stake in Alexander & Baldwin Inc Reit (ALEX) by 42.56% based on its latest 2018Q1 regulatory filing with the SEC. First Hawaiian Bank bought 26,899 shares as the company’s stock declined 5.98% with the market. The institutional investor held 90,106 shares of the finance company at the end of 2018Q1, valued at $2.08M, up from 63,207 at the end of the previous reported quarter. First Hawaiian Bank who had been investing in Alexander & Baldwin Inc Reit for a number of months, seems to be bullish on the $1.68B market cap company. The stock increased 0.39% or $0.09 during the last trading session, reaching $23.36. About 22,740 shares traded. Alexander & Baldwin, Inc. (NYSE:ALEX) has declined 18.77% since July 30, 2017 and is downtrending. It has underperformed by 31.34% the S&P500. Some Historical ALEX News: 20/04/2018 – DJ Alexander & Baldwin Inc, Inst Holders, 1Q 2018 (ALEX); 03/04/2018 – ALEXANDER & BALDWIN INC – COMPLETED MIGRATION WITH SALE OF ITS FINAL MAINLAND COMMERCIAL ASSET, SPARKS BUSINESS CENTER IN SPARKS, NEVADA; 08/05/2018 – ALEXANDER & BALDWIN INC – EXPECT TO HIT EARLIER GUIDANCE FOR FULL-YEAR SAME-STORE NOI GROWTH; 03/04/2018 – Alexander & Baldwin Completes Migration to Hawai’i.

 

Investors sentiment increased to 2.95 in 2018 Q1. Its up 1.35, from 1.6 in 2017Q4. It improved, as 14 investors sold UBSH shares while 27 reduced holdings. 44 funds opened positions while 77 raised stakes. 44.37 million shares or 47.28% more from 30.13 million shares in 2017Q4 were reported. Swiss Financial Bank holds 0% in Union Bankshares Corporation (NASDAQ:UBSH) or 102,472 shares. Prelude Cap Ltd Llc has invested 0% of its portfolio in Union Bankshares Corporation (NASDAQ:UBSH). Royal National Bank & Trust Of Canada holds 15,162 shares. Wells Fargo And Mn, California-based fund reported 235,887 shares. Wealthcare Mngmt Limited Co has invested 0% in Union Bankshares Corporation (NASDAQ:UBSH). Ubs Asset Mngmt Americas Incorporated owns 38,672 shares for 0% of their portfolio. State Board Of Administration Of Florida Retirement Systems reported 0% stake. Oxbow Advisors Limited Liability Com reported 18,577 shares or 0.14% of all its holdings. Raymond James & has invested 0% in Union Bankshares Corporation (NASDAQ:UBSH). Tiaa Cref Invest Mngmt Ltd stated it has 0.01% in Union Bankshares Corporation (NASDAQ:UBSH). Jacobs Levy Equity Mngmt Incorporated stated it has 0.01% of its portfolio in Union Bankshares Corporation (NASDAQ:UBSH). Davenport Limited Company invested in 47,116 shares. Brinker invested in 6,196 shares. Deutsche National Bank & Trust Ag has invested 0% in Union Bankshares Corporation (NASDAQ:UBSH). Principal Fincl Group Incorporated stated it has 542,312 shares.

More important recent Union Bankshares Corporation (NASDAQ:UBSH) news were published by: Globenewswire.com which released: “Union Bankshares Corporation To Release Second Quarter 2018 Results” on July 04, 2018, also Globenewswire.com published article titled: “Union Bankshares Corporation Declares Quarterly Dividend”, Nasdaq.com published: “Home BancShares, Inc. Announces Acquisition of Loan Portfolio and Creation of Marine Finance Division” on July 02, 2018. More interesting news about Union Bankshares Corporation (NASDAQ:UBSH) was released by: Seekingalpha.com and their article: “Union Bankshares Corporation’s (UBSH) CEO John Asbury on Q2 2018 Results – Earnings Call Transcript” with publication date: July 18, 2018.

Among 10 analysts covering Union First Market Bankshares Corporation (NASDAQ:UBSH), 4 have Buy rating, 1 Sell and 5 Hold. Therefore 40% are positive. Union First Market Bankshares Corporation had 44 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Brean Capital on Monday, February 5 with “Hold”. Brean Capital maintained the shares of UBSH in report on Monday, October 23 with “Hold” rating. The stock has “Buy” rating by Keefe Bruyette & Woods on Friday, August 4. Keefe Bruyette & Woods maintained the shares of UBSH in report on Monday, February 26 with “Buy” rating. Robert W. Baird maintained Union Bankshares Corporation (NASDAQ:UBSH) on Thursday, April 21 with “Neutral” rating. The stock of Union Bankshares Corporation (NASDAQ:UBSH) has “Hold” rating given on Thursday, April 5 by Brean Capital. The firm has “Strong Buy” rating by Raymond James given on Monday, March 28. The stock has “Outperform” rating by Wood on Tuesday, May 23. Merion Capital maintained it with “Outperform” rating and $47 target in Wednesday, January 24 report. Brean Capital maintained the stock with “Hold” rating in Tuesday, January 2 report.

 

Bank Funds Co Llc, which manages about $1.41 billion and $1.95B US Long portfolio, decreased its stake in Tri City Bankshares Corporation (TRCY) by 53,000 shares to 136,970 shares, valued at $2.79M in 2018Q1, according to the filing. It also reduced its holding in Equity Bancshares Inc. by 142,500 shares in the quarter, leaving it with 325,443 shares, and cut its stake in Bsb Bancorp Inc. (NASDAQ:BLMT).

Since March 13, 2018, it had 1 insider purchase, and 2 sales for $1.26 million activity. The insider TILLETT RONALD L sold 1,000 shares worth $41,150. 32,064 shares valued at $1.27M were sold by BEALE G WILLIAM on Tuesday, March 13.

First Hawaiian Bank, which manages about $778.83 million US Long portfolio, decreased its stake in Ishares Core Msci Eafe Etf (IEFA) by 5,737 shares to 1.26M shares, valued at $82.72 million in 2018Q1, according to the filing. It also reduced its holding in Ishares S&P Smallcap 600/Val Etf (IJS) by 4,082 shares in the quarter, leaving it with 52,388 shares, and cut its stake in Vanguard Extended Market Etf (VXF).

Since March 14, 2018, it had 0 buys, and 8 selling transactions for $1.36 million activity. $260,271 worth of Alexander & Baldwin, Inc. (NYSE:ALEX) was sold by DOANE W ALLEN JR on Friday, June 29. 10,603 shares were sold by Hulihee David C, worth $238,518 on Friday, May 11.

Among 3 analysts covering Alexander & Baldwin (NYSE:ALEX), 2 have Buy rating, 1 Sell and 0 Hold. Therefore 67% are positive. Alexander & Baldwin had 5 analyst reports since September 2, 2015 according to SRatingsIntel. JMP Securities downgraded Alexander & Baldwin, Inc. (NYSE:ALEX) on Friday, August 26 to “Market Perform” rating. The stock of Alexander & Baldwin, Inc. (NYSE:ALEX) earned “Outperform” rating by Evercore on Friday, March 31. JMP Securities upgraded Alexander & Baldwin, Inc. (NYSE:ALEX) on Tuesday, February 20 to “Market Outperform” rating. Zacks downgraded the shares of ALEX in report on Wednesday, September 2 to “Sell” rating.

Union Bankshares Corporation (NASDAQ:UBSH) Institutional Positions Chart

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