Union Bankshares Corporation (NYSE:AUB) Announces $0.25 Dividend

Union Bankshares Corporation (NYSE:AUB) announced a dividend on Thursday, October 24th, Fidelity reports. Shareholders of record on Friday, November 8th will be paid a dividend of 0.25 per share on Friday, November 22nd. The ex-dividend date of this dividend is Thursday, November 7th.

Shares of AUB traded up $0.07 during mid-day trading on Tuesday, reaching $38.34. The stock had a trading volume of 3,215 shares, compared to its average volume of 306,723. Union Bankshares has a 12 month low of $26.48 and a 12 month high of $40.20. The business’s fifty day moving average price is $37.51.

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

In related news, Director Ronald L. Tillett sold 1,300 shares of the company’s stock in a transaction on Monday, October 28th. The shares were sold at an average price of $37.85, for a total transaction of $49,205.00.

A number of equities analysts have weighed in on the stock. Boenning Scattergood reiterated a “hold” rating on shares of Union Bankshares in a research report on Friday, July 19th. Sandler O’Neill lowered shares of Union Bankshares from a “buy” rating to a “hold” rating in a research report on Wednesday, September 25th. They noted that the move was a valuation call. Keefe, Bruyette & Woods lowered shares of Union Bankshares from an “outperform” rating to a “market perform” rating and dropped their price target for the stock from $40.00 to $37.00 in a research report on Thursday, September 5th. Zacks Investment Research lowered shares of Union Bankshares from a “hold” rating to a “sell” rating in a research report on Tuesday, September 17th. Finally, Raymond James upgraded shares of Union Bankshares from an “outperform” rating to a “strong-buy” rating in a research report on Wednesday, October 23rd. One research analyst has rated the stock with a sell rating, three have assigned a hold rating and one has assigned a strong buy rating to the stock. Union Bankshares currently has an average rating of “Hold” and a consensus target price of $38.50.

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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