Union Bankshares Corporation (NYSE:AUB) Director Michael W. Clarke sold 2,000 shares of Union Bankshares stock in a transaction dated Thursday, July 30th. The stock was sold at an average price of $23.01, for a total transaction of $46,020.00. Following the sale, the director now owns 469,519 shares of the company’s stock, valued at $10,803,632.19. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Shares of AUB stock opened at $22.57 on Friday. The firm’s 50 day moving average price is $22.26 and its two-hundred day moving average price is $25.71. Union Bankshares Corporation has a fifty-two week low of $18.55 and a fifty-two week high of $40.20.
Union Bankshares (NYSE:AUB) last posted its earnings results on Thursday, July 23rd. The company reported $0.39 EPS for the quarter, topping analysts’ consensus estimates of $0.30 by $0.09. The firm had revenue of $173.24 million for the quarter, compared to analyst estimates of $155.04 million.
A number of equities research analysts recently issued reports on the stock. Stephens upgraded shares of Union Bankshares from an “equal weight” rating to an “overweight” rating in a report on Tuesday, May 5th. Piper Sandler initiated coverage on shares of Union Bankshares in a report on Monday, July 27th. They issued a “neutral” rating for the company. Compass Point raised shares of Union Bankshares from a “neutral” rating to a “buy” rating and set a $27.00 price target on the stock in a research report on Friday, July 24th. Zacks Investment Research raised shares of Union Bankshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Finally, Raymond James cut shares of Union Bankshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Six equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $36.50.
Several hedge funds and other institutional investors have recently bought and sold shares of the company. Alliancebernstein L.P. lifted its position in shares of Union Bankshares by 0.3% during the fourth quarter. Alliancebernstein L.P. now owns 120,640 shares of the company’s stock worth $4,530,000 after purchasing an additional 400 shares in the last quarter. First National Bank of Omaha raised its holdings in Union Bankshares by 1.2% in the first quarter. First National Bank of Omaha now owns 44,795 shares of the company’s stock valued at $981,000 after acquiring an additional 541 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its holdings in Union Bankshares by 10.3% in the first quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,993 shares of the company’s stock valued at $131,000 after acquiring an additional 558 shares in the last quarter. Pitcairn Co. raised its holdings in Union Bankshares by 7.6% in the second quarter. Pitcairn Co. now owns 10,683 shares of the company’s stock valued at $247,000 after acquiring an additional 752 shares in the last quarter. Finally, Envestnet Asset Management Inc. raised its holdings in Union Bankshares by 0.7% in the second quarter. Envestnet Asset Management Inc. now owns 120,080 shares of the company’s stock valued at $2,781,000 after acquiring an additional 852 shares in the last quarter.
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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