Hantz Financial Services Inc. Purchases 29,801 Shares of Atlantic Union Bankshares Co. $AUB

Hantz Financial Services Inc. raised its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 110.8% during the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 56,689 shares of the company’s stock after acquiring an additional 29,801 shares during the quarter. Hantz Financial Services Inc.’s holdings in Atlantic Union Bankshares were worth $1,773,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Curio Wealth LLC bought a new stake in Atlantic Union Bankshares during the 2nd quarter valued at approximately $28,000. CWM LLC lifted its holdings in shares of Atlantic Union Bankshares by 99.4% during the first quarter. CWM LLC now owns 1,049 shares of the company’s stock valued at $33,000 after purchasing an additional 523 shares during the last quarter. Fifth Third Bancorp lifted its holdings in shares of Atlantic Union Bankshares by 50.2% during the second quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock valued at $64,000 after purchasing an additional 686 shares during the last quarter. Concord Wealth Partners lifted its holdings in shares of Atlantic Union Bankshares by 304.1% during the first quarter. Concord Wealth Partners now owns 2,728 shares of the company’s stock valued at $85,000 after purchasing an additional 2,053 shares during the last quarter. Finally, Bessemer Group Inc. lifted its holdings in shares of Atlantic Union Bankshares by 577.9% during the second quarter. Bessemer Group Inc. now owns 2,759 shares of the company’s stock valued at $87,000 after purchasing an additional 2,352 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $32.53 on Friday. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $44.54. The firm has a market cap of $4.64 billion, a P/E ratio of 14.20 and a beta of 0.87. The company has a 50 day moving average of $35.01 and a 200 day moving average of $32.28. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $319.21 million during the quarter, compared to analysts’ expectations of $377.92 million. During the same quarter in the previous year, the firm earned $0.83 earnings per share. Atlantic Union Bankshares’s revenue was up 69.8% on a year-over-year basis. As a group, research analysts expect that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 4.5%. The ex-dividend date is Friday, November 14th. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 72.73%.

Insiders Place Their Bets

In related news, Director Frank Russell Ellett bought 5,000 shares of the business’s stock in a transaction on Thursday, August 7th. The stock was acquired at an average price of $31.54 per share, with a total value of $157,700.00. Following the transaction, the director owned 76,606 shares in the company, valued at approximately $2,416,153.24. This trade represents a 6.98% increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. In the last ninety days, insiders have purchased 11,441 shares of company stock valued at $359,677. 0.87% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. Janney Montgomery Scott assumed 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 for the company. Raymond James Financial reiterated a “strong-buy” rating on shares of Atlantic Union Bankshares in a report on Friday, October 24th. Keefe, Bruyette & Woods lifted their target price on shares of Atlantic Union Bankshares from $33.00 to $34.00 and gave the company a “market perform” rating in a report on Monday, August 4th. TD Cowen lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “buy” rating for the company in a report on Monday, October 27th. Finally, Morgan Stanley lifted their target price on shares of Atlantic Union Bankshares from $35.00 to $41.00 and gave the company an “underperform” rating in a report on Monday, September 29th. One investment 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 given a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $40.61.

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.