Union Bankshares Corporation (NYSE:AUB) has earned a consensus broker rating score of 1.67 (Buy) from the six brokers that provide coverage for the stock, Zacks Investment Research reports. Two research analysts have rated the stock with a hold recommendation and four have given a strong buy recommendation to the company. Union Bankshares’ rating score has improved by 4.6% in the last three months as a result of a number of analysts’ upgrades and downgrades.
Brokerages have set a 1 year consensus target price of $40.50 for the company and are predicting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also assigned Union Bankshares an industry rank of 168 out of 256 based on the ratings given to related companies.
A number of research analysts recently weighed in on AUB shares. Boenning Scattergood restated an “outperform” rating and set a $47.75 price objective on shares of WSFS Financial in a research report on Thursday, June 20th. Zacks Investment Research upgraded shares of DLH from a “sell” rating to a “hold” rating in a research report on Tuesday, July 9th.
NYSE:AUB traded down $0.11 during mid-day trading on Tuesday, hitting $34.89. 156,086 shares of the company’s stock were exchanged, compared to its average volume of 309,926. Union Bankshares has a one year low of $26.48 and a one year high of $42.74.
Union Bankshares (NYSE:AUB) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.66 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.68 by ($0.02). The company had revenue of $152.49 million for the quarter, compared to the consensus estimate of $154.45 million.
Several hedge funds and other institutional investors have recently made changes to their positions in AUB. Xact Kapitalforvaltning AB bought a new position in Union Bankshares during the second quarter valued at $425,000. Hennessy Advisors Inc. bought a new stake in shares of Union Bankshares in the 2nd quarter worth about $4,593,000. First National Bank of Omaha bought a new stake in shares of Union Bankshares in the 2nd quarter worth about $1,641,000. McCollum Christoferson Group LLC bought a new stake in shares of Union Bankshares in the 2nd quarter worth about $500,000. Finally, Tributary Capital Management LLC bought a new stake in shares of Union Bankshares in the 2nd quarter worth about $26,868,000.
Union Bankshares Company Profile
Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. 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.
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