First National Bank of Omaha decreased its stake in Union Bankshares Corporation (NYSE:AUB) by 7.1% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 43,155 shares of the company’s stock after selling 3,300 shares during the period. First National Bank of Omaha owned 0.05% of Union Bankshares worth $1,607,000 as of its most recent filing with the SEC.
A number of other hedge funds also recently made changes to their positions in the business. SG Americas Securities LLC purchased a new position in shares of Union Bankshares in the second quarter worth about $1,718,000. Emerald Mutual Fund Advisers Trust purchased a new position in Union Bankshares during the second quarter valued at approximately $11,084,000. Victory Capital Management Inc. purchased a new position in Union Bankshares during the second quarter valued at approximately $10,132,000. Carroll Financial Associates Inc. purchased a new position in Union Bankshares during the second quarter valued at approximately $1,202,000. Finally, Wells Fargo & Company MN purchased a new position in Union Bankshares during the second quarter valued at approximately $9,078,000.
AUB has been the subject of a number of research reports. Boenning Scattergood reissued a “hold” rating on shares of Union Bankshares in a research note on Friday, July 19th. Raymond James raised shares of Union Bankshares from an “outperform” rating to a “strong-buy” rating in a research note on Wednesday, October 23rd. Sandler O’Neill cut shares of Union Bankshares from a “buy” rating to a “hold” rating in a research note on Wednesday, September 25th. They noted that the move was a valuation call. Keefe, Bruyette & Woods cut shares of Union Bankshares from an “outperform” rating to a “market perform” rating and cut their price target for the stock from $40.00 to $37.00 in a research note on Thursday, September 5th. Finally, Zacks Investment Research cut shares of Union Bankshares from a “hold” rating to a “sell” rating in a research note on Tuesday, September 17th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and one has issued a strong buy rating to the company. Union Bankshares has an average rating of “Hold” and an average price target of $38.50.
AUB stock traded up $0.03 during midday trading on Friday, reaching $38.42. The company had a trading volume of 121,848 shares, compared to its average volume of 304,900. Union Bankshares Corporation has a 1 year low of $26.48 and a 1 year high of $40.20. The company’s 50-day moving average is $37.45.
Union Bankshares (NYSE:AUB) last released its quarterly earnings results on Thursday, October 17th. The company reported $0.86 EPS for the quarter, topping the Zacks’ consensus estimate of $0.68 by $0.18. The company had revenue of $184.71 million during the quarter, compared to analysts’ expectations of $167.10 million.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be issued a $0.25 dividend. The ex-dividend date is Thursday, November 7th. This represents a $1.00 dividend on an annualized basis and a dividend yield of 2.60%.
In other news, Director Ronald L. Tillett sold 1,300 shares of the business’s stock in a transaction that occurred on Monday, October 28th. The shares were sold at an average price of $37.85, for a total value of $49,205.00.
Union Bankshares 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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