Ruffer LLP Acquires Shares of 84,181 Atlantic Union Bankshares Co. $AUB

Ruffer LLP acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) in the fourth quarter, HoldingsChannel reports. The institutional investor acquired 84,181 shares of the company’s stock, valued at approximately $2,976,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Salomon & Ludwin LLC boosted its position in Atlantic Union Bankshares by 26.8% in the 4th quarter. Salomon & Ludwin LLC now owns 22,182 shares of the company’s stock valued at $802,000 after buying an additional 4,687 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in shares of Atlantic Union Bankshares by 36.5% during the fourth quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 47,581 shares of the company’s stock worth $1,680,000 after purchasing an additional 12,715 shares during the last quarter. Benson Investment Management Company Inc. lifted its position in shares of Atlantic Union Bankshares by 1.3% during the fourth quarter. Benson Investment Management Company Inc. now owns 109,055 shares of the company’s stock worth $3,850,000 after purchasing an additional 1,390 shares during the last quarter. Farther Finance Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 138.9% during the fourth quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock worth $73,000 after purchasing an additional 1,200 shares during the last quarter. Finally, State of Alaska Department of Revenue lifted its position in shares of Atlantic Union Bankshares by 1.4% during the fourth quarter. State of Alaska Department of Revenue now owns 78,420 shares of the company’s stock worth $2,767,000 after purchasing an additional 1,078 shares during the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Down 3.0%

Shares of AUB opened at $37.58 on Wednesday. The company has a 50-day simple moving average of $37.07 and a 200-day simple moving average of $36.18. The firm has a market capitalization of $5.38 billion, a P/E ratio of 16.41 and a beta of 0.82. 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 $24.68 and a 52 week high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $371.71 million for the quarter, compared to analyst estimates of $391.24 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period in the prior year, the company posted $0.90 EPS. On average, equities research analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Shareholders of record on Friday, February 13th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.9%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio is currently 72.55%.

Analyst Upgrades and Downgrades

AUB has been the topic of several analyst reports. Morgan Stanley raised their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Piper Sandler lifted their target price on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, February 5th. Zacks Research cut Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Finally, Stephens lifted their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Five equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.17.

Atlantic Union Bankshares Company 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.