Zacks Investment Research downgraded shares of Union Bankshares (NYSE:AUB) from a hold rating to a sell rating in a research note released on Tuesday 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 reaffirmed an outperform rating and set a $47.75 target price on shares of WSFS Financial in a research note on Thursday, June 20th.

Shares of Union Bankshares stock opened at $35.90 on Tuesday. Union Bankshares has a 12-month low of $26.48 and a 12-month high of $42.74.

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

Institutional investors and hedge funds have recently made changes to their positions in the company. Xact Kapitalforvaltning AB acquired a new position in Union Bankshares during the second quarter valued at approximately $425,000. Hennessy Advisors Inc. acquired a new position in Union Bankshares during the second quarter valued at approximately $4,593,000. McCollum Christoferson Group LLC acquired a new position in Union Bankshares during the second quarter valued at approximately $500,000. Tributary Capital Management LLC acquired a new position in Union Bankshares during the second quarter valued at approximately $26,868,000. Finally, First National Bank of Omaha acquired a new position in Union Bankshares during the second quarter valued at approximately $1,641,000.

Union Bankshares Company Profile

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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