Atlantic Union Bankshares Co. $AUB Shares Sold by Taylor Financial Group Inc.

Taylor Financial Group Inc. trimmed its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 12.3% during the second quarter, HoldingsChannel reports. The fund owned 15,534 shares of the company’s stock after selling 2,180 shares during the quarter. Taylor Financial Group Inc.’s holdings in Atlantic Union Bankshares were worth $486,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the stock. Vanguard Group Inc. raised its stake in shares of Atlantic Union Bankshares by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 11,932,493 shares of the company’s stock valued at $371,578,000 after purchasing an additional 978,793 shares in the last quarter. Millennium Management LLC increased its holdings in Atlantic Union Bankshares by 152.3% in the first quarter. Millennium Management LLC now owns 1,136,526 shares of the company’s stock valued at $35,391,000 after buying an additional 686,137 shares during the last quarter. Invesco Ltd. increased its holdings in Atlantic Union Bankshares by 207.5% in the first quarter. Invesco Ltd. now owns 1,016,402 shares of the company’s stock valued at $31,651,000 after buying an additional 685,832 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings in Atlantic Union Bankshares by 36.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock valued at $66,548,000 after buying an additional 565,564 shares during the last quarter. Finally, Stieven Capital Advisors L.P. bought a new stake in Atlantic Union Bankshares in the first quarter valued at about $12,923,000. 78.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

AUB has been the subject of several research reports. Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a research report on Monday. Raymond James Financial restated a “strong-buy” rating on shares of Atlantic Union Bankshares in a research note on Friday. National Bankshares set a $46.00 target price on shares of Atlantic Union Bankshares in a report on Wednesday, September 24th. Janney Montgomery Scott started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, October 8th. They set a “buy” rating and a $42.00 target price on the stock. Finally, Piper Sandler lowered their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating for the company in a research report on Friday. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $40.61.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $33.81 on Tuesday. The business’s fifty day moving average price is $35.11 and its two-hundred day moving average price is $32.09. The firm has a market capitalization of $4.82 billion, a PE ratio of 14.76 and a beta of 0.87. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Thursday, October 23rd. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.02). The firm had revenue of $319.21 million for the quarter, compared to the consensus estimate of $377.92 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm’s revenue was up 69.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.83 EPS. On average, research analysts expect that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Frank Russell Ellett purchased 5,000 shares of the business’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $31.54 per share, with a total value of $157,700.00. Following the completion of the acquisition, the director owned 76,606 shares in the company, valued at approximately $2,416,153.24. This represents a 6.98% increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Over the last ninety days, insiders have bought 11,441 shares of company stock worth $359,677. Insiders own 0.87% of the company’s stock.

Atlantic Union Bankshares Company 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.