Atlantic Union Bankshares Corp Has $18.64 Million Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Atlantic Union Bankshares Corp grew its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 7.9% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 494,921 shares of the company’s stock after purchasing an additional 36,232 shares during the period. Atlantic Union Bankshares makes up 1.1% of Atlantic Union Bankshares Corp’s investment portfolio, making the stock its 18th biggest holding. Atlantic Union Bankshares Corp owned about 0.55% of Atlantic Union Bankshares worth $18,642,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in AUB. GAMMA Investing LLC increased its stake in Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after purchasing an additional 489 shares in the last quarter. UMB Bank n.a. grew its stake in shares of Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after acquiring an additional 483 shares in the last quarter. Quest Partners LLC purchased a new stake in shares of Atlantic Union Bankshares in the third quarter valued at about $56,000. Blue Trust Inc. lifted its position in shares of Atlantic Union Bankshares by 110.2% during the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in shares of Atlantic Union Bankshares in the 2nd quarter worth approximately $85,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.8 %

Atlantic Union Bankshares stock opened at $42.24 on Friday. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 14.62 and a beta of 0.89. The firm has a 50 day simple moving average of $39.09 and a 200 day simple moving average of $36.77. Atlantic Union Bankshares Co. has a 1-year low of $30.22 and a 1-year high of $44.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The company had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. During the same period in the previous year, the company posted $0.80 EPS. On average, analysts predict that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a $0.34 dividend. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 56.43%.

Analysts Set New Price Targets

A number of analysts recently commented on AUB shares. Raymond James dropped their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Hovde Group lowered their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods raised their price target on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $42.00.

Atlantic Union Bankshares Profile

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.