Price T Rowe Associates Inc. MD Has $1.49 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Price T Rowe Associates Inc. MD lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3.7% during the second quarter, Holdings Channel reports. The firm owned 41,016 shares of the company’s stock after purchasing an additional 1,467 shares during the quarter. Price T Rowe Associates Inc. MD’s holdings in Atlantic Union Bankshares were worth $1,486,000 at the end of the most recent quarter.

Several other institutional investors also recently made changes to their positions in the company. Commonwealth Equity Services LLC raised its position in shares of Atlantic Union Bankshares by 0.6% during the second quarter. Commonwealth Equity Services LLC now owns 45,356 shares of the company’s stock worth $1,642,000 after purchasing an additional 285 shares during the period. PNC Financial Services Group Inc. raised its position in Atlantic Union Bankshares by 0.7% during the second quarter. PNC Financial Services Group Inc. now owns 59,363 shares of the company’s stock valued at $2,151,000 after buying an additional 414 shares during the period. Paloma Partners Management Co raised its position in Atlantic Union Bankshares by 6.8% during the first quarter. Paloma Partners Management Co now owns 9,721 shares of the company’s stock valued at $373,000 after buying an additional 620 shares during the period. US Bancorp DE raised its position in Atlantic Union Bankshares by 7.2% during the second quarter. US Bancorp DE now owns 12,536 shares of the company’s stock valued at $455,000 after buying an additional 846 shares during the period. Finally, Resources Management Corp CT ADV raised its position in Atlantic Union Bankshares by 12.0% during the second quarter. Resources Management Corp CT ADV now owns 8,400 shares of the company’s stock valued at $304,000 after buying an additional 900 shares during the period. 69.59% of the stock is currently owned by institutional investors.

NASDAQ:AUB opened at $35.69 on Thursday. The firm has a market capitalization of $2.70 billion, a price-to-earnings ratio of 10.56 and a beta of 1.30. Atlantic Union Bankshares Co. has a 1-year low of $29.73 and a 1-year high of $42.45. The company has a current ratio of 0.85, a quick ratio of 0.84 and a debt-to-equity ratio of 0.11. The business’s fifty day moving average price is $36.49 and its 200 day moving average price is $37.16.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Sunday, October 24th. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.74 by $0.20. Atlantic Union Bankshares had a return on equity of 11.19% and a net margin of 37.83%. During the same period last year, the company posted $0.74 EPS. Equities analysts forecast that Atlantic Union Bankshares Co. will post 3.43 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, November 26th. Shareholders of record on Friday, November 12th will be given a $0.28 dividend. This represents a $1.12 annualized dividend and a yield of 3.14%. The ex-dividend date is Wednesday, November 10th. Atlantic Union Bankshares’s payout ratio is currently 33.14%.

Separately, Zacks Investment Research lowered Atlantic Union Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, October 4th.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. It specializes in offering community banking services. Its services include checking, savings, lending, credit cards, online and mobile banking, treasury management, business eBanking, and wealth management.

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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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