Vigilant Capital Management LLC Buys Shares of 407,135 Union Bankshares Corporation (NYSE:AUB)
Vigilant Capital Management LLC bought a new stake in Union Bankshares Corporation (NYSE:AUB) during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 407,135 shares of the company’s stock, valued at approximately $14,384,000. Union Bankshares comprises about 1.9% of Vigilant Capital Management LLC’s investment portfolio, making the stock its 28th largest holding. Vigilant Capital Management LLC owned 0.50% of Union Bankshares as of its most recent filing with the Securities & Exchange Commission.
Several other hedge funds have also modified their holdings of the company. Investors Research Corp bought a new position in Union Bankshares during the second quarter worth about $57,000. Carroll Financial Associates Inc. acquired a new stake in Union Bankshares during the 2nd quarter worth $1,202,000. First National Bank of Omaha acquired a new stake in Union Bankshares during the 2nd quarter worth $1,641,000. Tributary Capital Management LLC acquired a new stake in Union Bankshares during the 2nd quarter worth $26,868,000. Finally, McCollum Christoferson Group LLC acquired a new stake in Union Bankshares during the 2nd quarter worth $500,000.
AUB has been the subject of a number of analyst reports. Zacks Investment Research lowered shares of Goosehead Insurance from a “buy” rating to a “hold” rating in a report on Monday. Raymond James reaffirmed a “buy” rating on shares of West Fraser Timber in a report on Friday, July 19th. Finally, Boenning Scattergood reaffirmed a “neutral” rating on shares of Webster Financial in a report on Friday, July 19th.
The company also recently declared a quarterly dividend, which will be paid on Friday, August 16th. Stockholders of record on Friday, August 2nd will be issued a $0.25 dividend. This represents a $1.00 annualized dividend and a dividend yield of 2.65%. The ex-dividend date of this dividend is Thursday, August 1st.
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.
Further Reading: Short Selling Stocks, A Beginner’s Guide
Want to see what other hedge funds are holding AUB? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Union Bankshares Corporation (NYSE:AUB).
Receive News & Ratings for Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.