Union Bankshares (NYSE:AUB) Cut to “Sell” at Zacks Investment Research

Zacks Investment Research lowered shares of Union Bankshares (NYSE:AUB) from a hold rating to a sell rating in a report released on Tuesday, Zacks.com reports.

According to Zacks, “Atlantic Union Bankshares Corporation provides banking and financial services to consumers and businesses. It provides deposit products, loans, credit cards, automated teller machine services, mobile and Internet banking services, online bill payment services, as well as trust, and wealth management services. Atlantic Union Bankshares Corporation, formerly known as Union Bankshares Corporation, is based in Richmond, United States. “

Separately, Boenning Scattergood restated an outperform rating and issued a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th.



NYSE:AUB opened at $35.62 on Tuesday. Union Bankshares has a 1-year low of $26.48 and a 1-year high of $42.74.

Union Bankshares (NYSE:AUB) last posted its quarterly earnings data on Wednesday, April 24th. The company reported $0.66 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.02). The business had revenue of $152.49 million for the quarter, compared to the consensus estimate of $154.45 million.

Institutional investors have recently modified their holdings of the company. Tributary Capital Management LLC acquired a new stake in Union Bankshares during the second quarter worth about $26,868,000. Hennessy Advisors Inc. acquired a new stake in Union Bankshares during the second quarter worth about $4,593,000. First National Bank of Omaha acquired a new stake in Union Bankshares during the second quarter worth about $1,641,000. Carroll Financial Associates Inc. acquired a new stake in Union Bankshares during the second quarter worth about $1,202,000. Finally, McCollum Christoferson Group LLC acquired a new stake in Union Bankshares during the second quarter worth about $500,000.

About Union Bankshares

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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