Union Bankshares Corporation (NYSE:AUB) Given $40.50 Average Target Price by Brokerages

Shares of Union Bankshares Corporation (NYSE:AUB) have received an average broker rating score of 1.67 (Buy) from the six analysts that provide coverage for the stock, Zacks Investment Research reports. Two investment analysts have rated the stock with a hold recommendation and four have issued a strong buy recommendation on the company. Union Bankshares’ rating score has improved by 4.6% from three months ago as a result of various analysts’ upgrades and downgrades.

Brokerages have set a 1-year consensus price target of $40.50 for the company and are predicting that the company will post $0.70 earnings per share 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 brokerages recently issued reports on AUB. Zacks Investment Research raised shares of DLH from a “sell” rating to a “hold” rating in a report on Tuesday, July 9th. Boenning Scattergood reissued an “outperform” rating and issued a $47.75 price objective on shares of WSFS Financial in a report on Thursday, June 20th.

Shares of AUB traded down $0.11 during mid-day trading on Tuesday, reaching $34.89. The stock had a trading volume of 156,086 shares, compared to its average volume of 309,926. Union Bankshares has a 52-week low of $26.48 and a 52-week high of $42.74.

Union Bankshares (NYSE:AUB) last announced its quarterly earnings data on Wednesday, April 24th. The company reported $0.66 earnings per share (EPS) 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 analysts’ expectations of $154.45 million.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Tributary Capital Management LLC bought a new stake in Union Bankshares during the 2nd quarter valued at approximately $26,868,000. Hennessy Advisors Inc. acquired a new stake in Union Bankshares during the 2nd quarter valued at $4,593,000. First National Bank of Omaha acquired a new stake in Union Bankshares during the 2nd quarter valued at $1,641,000. Carroll Financial Associates Inc. acquired a new stake in Union Bankshares during the 2nd quarter valued at $1,202,000. Finally, McCollum Christoferson Group LLC acquired a new stake in Union Bankshares during the 2nd quarter valued at $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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