Union Bankshares Corporation (NYSE:AUB) Director Michael W. Clarke sold 2,000 shares of the stock in a transaction on Monday, June 29th. The shares were sold at an average price of $22.50, for a total value of $45,000.00. Following the sale, the director now owns 495,519 shares in the company, valued at $11,149,177.50. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
NYSE AUB opened at $22.65 on Tuesday. The business’s fifty day moving average price is $22.72 and its 200-day moving average price is $28.22. Union Bankshares Corporation has a 1-year low of $18.55 and a 1-year high of $40.20.
Union Bankshares (NYSE:AUB) last announced its earnings results on Tuesday, April 28th. The company reported $0.09 EPS for the quarter, missing the Zacks’ consensus estimate of $0.48 by ($0.39). The company had revenue of $163.92 million during the quarter, compared to the consensus estimate of $161.75 million.
Institutional investors have recently modified their holdings of the company. Norges Bank purchased a new position in Union Bankshares in the fourth quarter worth about $33,327,000. Deprince Race & Zollo Inc. boosted its position in shares of Union Bankshares by 277.3% during the first quarter. Deprince Race & Zollo Inc. now owns 522,017 shares of the company’s stock valued at $11,432,000 after buying an additional 383,661 shares during the period. Janus Henderson Group PLC boosted its position in shares of Union Bankshares by 14.4% during the first quarter. Janus Henderson Group PLC now owns 2,640,954 shares of the company’s stock valued at $57,837,000 after buying an additional 331,857 shares during the period. Franklin Resources Inc. boosted its position in shares of Union Bankshares by 30.9% during the first quarter. Franklin Resources Inc. now owns 846,694 shares of the company’s stock valued at $18,543,000 after buying an additional 199,623 shares during the period. Finally, Atlantic Union Bankshares Corp boosted its position in shares of Union Bankshares by 257.9% during the first quarter. Atlantic Union Bankshares Corp now owns 263,534 shares of the company’s stock valued at $5,771,000 after buying an additional 189,891 shares during the period.
AUB has been the topic of several recent analyst reports. Compass Point downgraded Union Bankshares from a “buy” rating to a “neutral” rating and set a $31.00 target price on the stock. in a research note on Wednesday, March 4th. Zacks Investment Research cut Union Bankshares from a “hold” rating to a “sell” rating in a report on Tuesday, April 21st. Stephens raised Union Bankshares from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 5th. Finally, Raymond James cut Union Bankshares from an “outperform” rating to a “market perform” rating in a report on Wednesday, April 29th. One analyst has rated the stock with a sell rating, six have given a hold rating and one has given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $37.50.
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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