Universal Beteiligungs und Servicegesellschaft mbH Purchases 37,436 Shares of Atlantic Union Bankshares Co. $AUB

Universal Beteiligungs und Servicegesellschaft mbH lifted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 46.1% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 118,589 shares of the company’s stock after purchasing an additional 37,436 shares during the quarter. Universal Beteiligungs und Servicegesellschaft mbH owned 0.08% of Atlantic Union Bankshares worth $4,185,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in AUB. Farther Finance Advisors LLC raised its position in Atlantic Union Bankshares by 309.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock valued at $30,000 after buying an additional 653 shares during the last quarter. Curio Wealth LLC bought a new stake in shares of Atlantic Union Bankshares in the 2nd quarter worth approximately $28,000. Huntington National Bank raised its stake in shares of Atlantic Union Bankshares by 71.7% in the second quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after buying an additional 542 shares during the period. Nomura Asset Management Co. Ltd. raised its stake in Atlantic Union Bankshares by 64.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock valued at $48,000 after acquiring an additional 603 shares during the period. Finally, EverSource Wealth Advisors LLC lifted its stake in shares of Atlantic Union Bankshares by 504.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after buying an additional 1,287 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Up 1.1%

Shares of NASDAQ AUB opened at $39.37 on Wednesday. The firm has a fifty day simple moving average of $36.10 and a two-hundred day simple moving average of $34.73. The firm has a market capitalization of $5.61 billion, a PE ratio of 17.19 and a beta of 0.83. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $40.71.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $391.33 million during the quarter, compared to the consensus estimate of $378.95 million. During the same period in the prior year, the firm earned $0.67 earnings per share. Equities analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Friday, November 14th. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 72.55%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on the company. Stephens raised their price target on Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday. Janney Montgomery Scott started coverage on Atlantic Union Bankshares in a report on Wednesday, October 8th. They set a “buy” rating and a $42.00 price objective on the stock. Morgan Stanley lifted their target price on Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, December 11th. Raymond James Financial set a $45.00 price target on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Six research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Atlantic Union Bankshares has an average rating of “Moderate Buy” and a consensus target price of $41.95.

Atlantic Union Bankshares Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.