Union Bankshares (NYSE:AUB) Upgraded to “Hold” by Zacks Investment Research

Zacks Investment Research upgraded shares of Union Bankshares (NYSE:AUB) from a sell rating to a hold rating in a research report sent to investors on Wednesday morning, Zacks.com reports.

According to Zacks, “Atlantic Union Bankshares Corporation provides banking and financial services to consumers and businesses. It provides deposit products, loans, credit cards, automated teller machine services, mobile and Internet banking services, online bill payment services, as well as trust, and wealth management services. Atlantic Union Bankshares Corporation, formerly known as Union Bankshares Corporation, is based in Richmond, United States. “

Separately, Boenning Scattergood reissued an outperform rating and issued a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th.

Shares of AUB stock opened at $36.10 on Wednesday. Union Bankshares has a 52 week low of $26.48 and a 52 week high of $42.64.

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

A number of institutional investors have recently added to or reduced their stakes in AUB. Investors Research Corp purchased a new stake in Union Bankshares during the 2nd quarter worth $57,000. Toth Financial Advisory Corp purchased a new stake in Union Bankshares during the 2nd quarter worth $323,000. Xact Kapitalforvaltning AB purchased a new stake in Union Bankshares during the 2nd quarter worth $425,000. McCollum Christoferson Group LLC purchased a new stake in Union Bankshares during the 2nd quarter worth $500,000. Finally, Carroll Financial Associates Inc. purchased a new stake in Union Bankshares during the 2nd quarter worth $1,202,000.

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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