Union Bankshares (NYSE:AUB) Price Target Increased to $42.00 by Analysts at Barclays

Union Bankshares (NYSE:AUB) had its price objective boosted by Barclays from $40.00 to $42.00 in a research report report published on Monday morning, BenzingaRatingsTable reports. Barclays currently has an equal weight rating on the stock.

Several other research firms also recently weighed in on AUB. Raymond James upgraded Union Bankshares from an outperform rating to a strong-buy rating in a research report on Wednesday, October 23rd. Zacks Investment Research lowered Union Bankshares from a hold rating to a sell rating in a research note on Tuesday, September 17th. Sandler O’Neill lowered Union Bankshares from a buy rating to a hold rating in a research note on Wednesday, September 25th. They noted that the move was a valuation call. Finally, Stephens began coverage on Union Bankshares in a research note on Monday, January 6th. They set an equal weight rating on the stock. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and one has given a strong buy rating to the company’s stock. Union Bankshares presently has a consensus rating of Hold and a consensus price target of $39.67.

NYSE:AUB opened at $36.72 on Monday. Union Bankshares has a twelve month low of $30.59 and a twelve month high of $40.20. The stock has a fifty day simple moving average of $37.69 and a 200-day simple moving average of $37.05.

Union Bankshares (NYSE:AUB) last released its earnings results on Thursday, October 17th. The company reported $0.86 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.18. The business had revenue of $184.71 million for the quarter, compared to the consensus estimate of $167.10 million.

In other news, Director Ronald L. Tillett sold 1,300 shares of the firm’s stock in a transaction on Monday, October 28th. The stock was 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 the business’s stock in a transaction on Monday, November 18th. The stock was bought at an average price of $12.16 per share, for a total transaction of $25,055.78.

A number of institutional investors and hedge funds have recently bought and sold shares of AUB. Vanguard Group Inc. purchased a new position in Union Bankshares in the second quarter valued at about $243,332,000. BlackRock Inc. purchased a new position in Union Bankshares in the second quarter valued at about $197,900,000. State Street Corp purchased a new position in Union Bankshares in the third quarter valued at about $75,691,000. Northern Trust Corp purchased a new position in Union Bankshares in the second quarter valued at about $48,765,000. Finally, Renaissance Technologies LLC purchased a new position in Union Bankshares in the second quarter valued at about $20,219,000.

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.

Read More: What Does a Sell-Side Analyst Rating Mean?

Analyst Recommendations for Union Bankshares (NYSE:AUB)

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