Dynamic Technology Lab Private Ltd Takes $591,000 Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Dynamic Technology Lab Private Ltd acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 15,684 shares of the company's stock, valued at approximately $591,000.

Other large investors have also modified their holdings of the company. GAMMA Investing LLC raised its position in shares of Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company's stock worth $39,000 after purchasing an additional 489 shares during the last quarter. UMB Bank n.a. raised its position in shares of Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company's stock worth $42,000 after purchasing an additional 483 shares during the last quarter. Quest Partners LLC acquired a new position in shares of Atlantic Union Bankshares during the 3rd quarter worth about $56,000. Blue Trust Inc. raised its position in shares of Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company's stock worth $79,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Atlantic Union Bankshares during the 2nd quarter worth about $85,000. Institutional investors and hedge funds own 78.58% of the company's stock.

Wall Street Analyst Weigh In

AUB has been the subject of several research reports. Hovde Group dropped their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a research note on Friday, September 13th. Raymond James dropped their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods upped their price objective on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a "market perform" rating in a research note on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $42.00.

Atlantic Union Bankshares Trading Up 0.4 %

Shares of NASDAQ:AUB traded up $0.19 during mid-day trading on Friday, reaching $42.43. 367,077 shares of the company were exchanged, compared to its average volume of 538,902. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 17.43 and a beta of 0.89. The firm's 50-day simple moving average is $39.15 and its 200 day simple moving average is $36.81. Atlantic Union Bankshares Co. has a 1 year low of $30.22 and a 1 year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $358.81 million during the quarter, compared to analysts' expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter last year, the company posted $0.80 EPS. Equities research analysts forecast that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 3.21%. Atlantic Union Bankshares's dividend payout ratio is 56.43%.

Atlantic Union Bankshares 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.