Zacks Investment Research lowered shares of Union Bankshares (NYSE:AUB) from a hold rating to a sell rating in a research report released on Tuesday, 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 price target on shares of WSFS Financial in a research report on Thursday, June 20th.

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

Union Bankshares (NYSE:AUB) last issued its quarterly 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 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 modified their holdings of the business. Investors Research Corp bought a new stake in Union Bankshares during the second quarter valued at $57,000. Xact Kapitalforvaltning AB bought a new stake in Union Bankshares during the second quarter valued at $425,000. McCollum Christoferson Group LLC bought a new stake in Union Bankshares during the second quarter valued at $500,000. Carroll Financial Associates Inc. bought a new stake in Union Bankshares during the second quarter valued at $1,202,000. Finally, First National Bank of Omaha bought a new stake in Union Bankshares during the second quarter valued at $1,641,000.

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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