Union Bankshares (NYSE:AUB) Posts Earnings Results

Union Bankshares (NYSE:AUB) announced its quarterly earnings results on Tuesday. The company reported $0.71 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.70 by $0.01, Fidelity Earnings reports. The company had revenue of $164.32 million during the quarter, compared to analyst estimates of $166.70 million.

Shares of AUB opened at $35.53 on Friday. The company’s fifty day moving average is $37.45 and its two-hundred day moving average is $37.13. Union Bankshares has a fifty-two week low of $30.59 and a fifty-two week high of $40.20.

In related news, Director Ronald L. Tillett sold 1,300 shares of Union Bankshares stock in a transaction on Monday, October 28th. The shares were sold at an average price of $37.85, for a total transaction of $49,205.00. Also, insider Low Robin bought 2,060 shares of Union Bankshares stock in a transaction that occurred on Monday, November 18th. The shares were acquired at an average price of $12.16 per share, for a total transaction of $25,055.78.

A number of equities analysts have weighed in on AUB shares. Barclays lifted their price target on shares of Union Bankshares from $40.00 to $42.00 and gave the company an “equal weight” rating in a report on Monday, January 13th. Zacks Investment Research lowered shares of Union Bankshares from a “hold” rating to a “sell” rating in a report on Thursday. Raymond James upgraded shares of Union Bankshares from an “outperform” rating to a “strong-buy” rating in a report on Wednesday, October 23rd. Finally, Stephens started coverage on shares of Union Bankshares in a report on Monday, January 6th. They issued an “equal weight” rating on the stock. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and one has assigned a strong buy rating to the company’s stock. Union Bankshares has a consensus rating of “Hold” and an average target price of $39.67.

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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Earnings History for Union Bankshares (NYSE:AUB)

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