Zacks: Union Bankshares Corporation (NYSE:AUB) Given Consensus Recommendation of “Buy” by Brokerages

Union Bankshares Corporation (NYSE:AUB) has been assigned a consensus broker rating score of 1.67 (Buy) from the six analysts that provide coverage for the company, Zacks Investment Research reports. Two analysts have rated the stock with a hold recommendation and four have assigned a strong buy recommendation to the company. Union Bankshares’ rating score has improved by 4.6% from 90 days ago as a result of a number of analysts’ upgrades and downgrades.

Brokers have set a twelve-month consensus price objective of $40.50 for the company and are forecasting that the company will post $0.70 EPS for the current quarter, according to Zacks. Zacks has also given Union Bankshares an industry rank of 168 out of 256 based on the ratings given to its competitors.

Several research analysts have recently commented on the company. Zacks Investment Research raised DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Boenning Scattergood reissued an “outperform” rating and set a $47.75 price objective on shares of WSFS Financial in a report on Thursday, June 20th.



Large investors have recently added to or reduced their stakes in the stock. Investors Research Corp bought a new position in Union Bankshares in the second quarter valued at approximately $57,000. Carroll Financial Associates Inc. bought a new position in Union Bankshares in the second quarter valued at approximately $1,202,000. First National Bank of Omaha bought a new position in Union Bankshares in the second quarter valued at approximately $1,641,000. Tributary Capital Management LLC bought a new position in Union Bankshares in the second quarter valued at approximately $26,868,000. Finally, McCollum Christoferson Group LLC bought a new position in Union Bankshares in the second quarter valued at approximately $500,000.

Shares of NYSE AUB opened at $35.90 on Tuesday. Union Bankshares has a 12 month low of $26.48 and a 12 month high of $42.74.

Union Bankshares (NYSE:AUB) last issued its quarterly earnings data on Wednesday, April 24th. The company reported $0.66 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.68 by ($0.02). The firm had revenue of $152.49 million during the quarter, compared to the consensus estimate of $154.45 million.

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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