Union Bankshares (NYSE:AUB) Lifted to “Hold” at Zacks Investment Research

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

According to Zacks, “Atlantic Union Bankshares Corporation provides banking services to consumers and businesses. It offers checking accounts, lending, credit cards, online and mobile banking, and wealth and treasury management services. Atlantic Union Bankshares Corporation, formerly known as Union Bankshares Corporation, is based in Richmond, United States. “

AUB has been the subject of a number of other reports. Boenning Scattergood restated a hold rating on shares of Union Bankshares in a report on Friday, July 19th. Raymond James set a $40.00 price objective on Union Bankshares and gave the company a buy rating in a report on Friday, July 19th.

NYSE AUB opened at $35.09 on Monday. Union Bankshares has a twelve month low of $26.48 and a twelve month high of $42.64. The firm has a fifty day moving average of $36.00.

Union Bankshares (NYSE:AUB) last posted its quarterly earnings data on Thursday, July 18th. The company reported $0.70 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.70. The company had revenue of $169.17 million during the quarter, compared to analyst estimates of $169.26 million.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 16th. Investors of record on Friday, August 2nd will be issued a $0.25 dividend. The ex-dividend date is Thursday, August 1st. This represents a $1.00 dividend on an annualized basis and a yield of 2.85%.

A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. Investors Research Corp bought a new position in shares of Union Bankshares during the 2nd quarter worth approximately $57,000. Carroll Financial Associates Inc. bought a new position in shares of Union Bankshares during the 2nd quarter worth approximately $1,202,000. First National Bank of Omaha acquired a new stake in Union Bankshares during the 2nd quarter valued at $1,641,000. Tributary Capital Management LLC acquired a new stake in Union Bankshares during the 2nd quarter valued at $26,868,000. 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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