Union Bankshares Corporation (NYSE:AUB) Director Michael W. Clarke sold 2,000 shares of the firm’s stock in a transaction dated Thursday, July 30th. The shares were sold at an average price of $23.01, for a total transaction of $46,020.00. Following the completion of the sale, the director now owns 469,519 shares of the company’s stock, valued at approximately $10,803,632.19. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website.

Shares of AUB opened at $22.57 on Friday. The company has a 50-day moving average of $22.26 and a two-hundred day moving average of $25.71. Union Bankshares Corporation has a 12-month low of $18.55 and a 12-month high of $40.20.

Union Bankshares (NYSE:AUB) last issued its quarterly 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 analysts’ expectations of $155.04 million.

The company also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Stockholders of record on Friday, August 7th will be issued a dividend of $0.25 per share. The ex-dividend date of this dividend is Thursday, August 6th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 4.43%.

Several analysts recently commented on the stock. Stephens upgraded shares of Union Bankshares from an “equal weight” rating to an “overweight” rating in a research note on Tuesday, May 5th. Raymond James cut shares of Union Bankshares from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 29th. Zacks Investment Research upgraded shares of Union Bankshares from a “strong sell” rating to a “hold” rating in a research report on Tuesday, June 30th. Compass Point upgraded shares of Union Bankshares from a “neutral” rating to a “buy” rating and set a $27.00 target price for the company in a research report on Friday, July 24th. Finally, Piper Sandler initiated coverage on shares of Union Bankshares in a research report on Monday, July 27th. They set a “neutral” rating for the company. Six analysts have rated the stock with a hold rating and two have issued a buy rating to the stock. Union Bankshares presently has an average rating of “Hold” and an average target price of $36.50.

Several hedge funds and other institutional investors have recently modified their holdings of the company. Janus Henderson Group PLC grew its holdings in shares of Union Bankshares by 14.4% during the first quarter. Janus Henderson Group PLC now owns 2,640,954 shares of the company’s stock worth $57,837,000 after buying an additional 331,857 shares in the last quarter. Geode Capital Management LLC grew its holdings in shares of Union Bankshares by 8.2% during the first quarter. Geode Capital Management LLC now owns 1,182,347 shares of the company’s stock worth $25,893,000 after buying an additional 89,530 shares in the last quarter. Norges Bank purchased a new stake in shares of Union Bankshares during the fourth quarter worth about $33,327,000. Franklin Resources Inc. grew its holdings in shares of Union Bankshares by 30.9% during the first quarter. Franklin Resources Inc. now owns 846,694 shares of the company’s stock worth $18,543,000 after buying an additional 199,623 shares in the last quarter. Finally, GW&K Investment Management LLC grew its holdings in shares of Union Bankshares by 2.6% during the first quarter. GW&K Investment Management LLC now owns 794,215 shares of the company’s stock worth $17,393,000 after buying an additional 19,967 shares in the last quarter.

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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Insider Buying and Selling by Quarter for Union Bankshares (NYSE:AUB)

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