Analysts Anticipate Union Bankshares Corporation (NYSE:AUB) to Announce $0.71 EPS

Equities research analysts predict that Union Bankshares Corporation (NYSE:AUB) will announce earnings of $0.71 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Union Bankshares’ earnings. Union Bankshares reported earnings per share of $0.60 in the same quarter last year, which suggests a positive year-over-year growth rate of 18.3%. The business is expected to announce its next quarterly earnings report on Wednesday, October 16th.

On average, analysts expect that Union Bankshares will report full year earnings of $2.73 per share for the current year, with EPS estimates ranging from $2.58 to $2.83. For the next financial year, analysts anticipate that the firm will post earnings of $3.06 per share, with EPS estimates ranging from $2.90 to $3.16. Zacks’ earnings per share averages are a mean average based on a survey of sell-side research firms that that provide coverage for Union Bankshares.

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

AUB has been the subject of a number of analyst reports. Boenning Scattergood reiterated a “hold” rating on shares of Union Bankshares in a research report on Friday. Zacks Investment Research downgraded shares of H&E Equipment Services from a “hold” rating to a “sell” rating in a research report on Wednesday.

Institutional investors have recently modified their holdings of the business. Tributary Capital Management LLC acquired a new position in shares of Union Bankshares during the 2nd quarter worth about $26,868,000. Vigilant Capital Management LLC acquired a new position in shares of Union Bankshares during the 2nd quarter worth about $14,384,000. Hennessy Advisors Inc. acquired a new position in shares of Union Bankshares during the 2nd quarter worth about $4,593,000. Commonwealth Equity Services LLC acquired a new position in shares of Union Bankshares during the 2nd quarter worth about $3,650,000. Finally, First National Bank of Omaha acquired a new position in shares of Union Bankshares during the 2nd quarter worth about $1,641,000.

Shares of Union Bankshares stock traded up $0.43 during trading hours on Monday, reaching $36.10. The stock had a trading volume of 271,302 shares, compared to its average volume of 308,577. Union Bankshares has a twelve month low of $26.48 and a twelve month high of $42.64.

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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