Nadler Financial Group Inc. Makes New $386,000 Investment in Atlantic Union Bankshares Co. $AUB

Nadler Financial Group Inc. purchased a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the second quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 12,325 shares of the company’s stock, valued at approximately $386,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Xponance Inc. lifted its holdings in shares of Atlantic Union Bankshares by 5.8% during the 1st quarter. Xponance Inc. now owns 6,798 shares of the company’s stock worth $212,000 after acquiring an additional 374 shares during the period. Corebridge Financial Inc. lifted its holdings in shares of Atlantic Union Bankshares by 0.8% during the 1st quarter. Corebridge Financial Inc. now owns 48,026 shares of the company’s stock worth $1,496,000 after acquiring an additional 396 shares during the period. CWM LLC lifted its holdings in shares of Atlantic Union Bankshares by 99.4% during the 1st quarter. CWM LLC now owns 1,049 shares of the company’s stock worth $33,000 after acquiring an additional 523 shares during the period. OneDigital Investment Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 8.7% during the 1st quarter. OneDigital Investment Advisors LLC now owns 6,619 shares of the company’s stock worth $206,000 after acquiring an additional 527 shares during the period. Finally, Oppenheimer Asset Management Inc. lifted its holdings in shares of Atlantic Union Bankshares by 1.9% during the 1st quarter. Oppenheimer Asset Management Inc. now owns 30,755 shares of the company’s stock worth $958,000 after acquiring an additional 575 shares during the period. Institutional investors own 78.58% of the company’s stock.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Frank Russell Ellett acquired 1,441 shares of the firm’s stock in a transaction dated Friday, August 8th. The stock was bought at an average cost of $31.49 per share, for a total transaction of $45,377.09. Following the completion of the transaction, the director directly owned 78,047 shares in the company, valued at $2,457,700.03. This represents a 1.88% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, CEO John C. Asbury acquired 7,500 shares of the firm’s stock in a transaction dated Monday, July 28th. The shares were purchased at an average price of $32.91 per share, with a total value of $246,825.00. Following the completion of the transaction, the chief executive officer owned 270,532 shares of the company’s stock, valued at $8,903,208.12. This trade represents a 2.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 18,941 shares of company stock valued at $606,502. 0.87% of the stock is currently owned by corporate insiders.

Atlantic Union Bankshares Trading Up 3.1%

Shares of NASDAQ AUB opened at $34.60 on Tuesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54. The firm has a 50 day moving average price of $34.84 and a two-hundred day moving average price of $31.60. The stock has a market cap of $4.93 billion, a P/E ratio of 15.11 and a beta of 0.87.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $377.22 million during the quarter, compared to analysts’ expectations of $369.70 million. During the same period in the prior year, the company posted $0.63 EPS. The company’s revenue was up 92.0% on a year-over-year basis. As a group, equities analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.9%. The ex-dividend date was Monday, August 4th. Atlantic Union Bankshares’s dividend payout ratio is 66.02%.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on AUB shares. Cowen started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, September 24th. They set a “buy” rating for the company. National Bankshares set a $46.00 price objective on shares of Atlantic Union Bankshares in a research note on Wednesday, September 24th. Morgan Stanley increased their price objective on shares of Atlantic Union Bankshares from $35.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 29th. Piper Sandler dropped their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, July 25th. Finally, Janney Montgomery Scott assumed coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, October 8th. They issued a “buy” rating and a $42.00 price objective for the company. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has assigned a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $41.56.

About Atlantic Union Bankshares

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.