Atlantic Union Bankshares Corp Purchases 36,232 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Atlantic Union Bankshares Corp lifted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 7.9% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 494,921 shares of the company's stock after purchasing an additional 36,232 shares during the period. Atlantic Union Bankshares accounts for about 1.1% of Atlantic Union Bankshares Corp's holdings, making the stock its 18th biggest position. Atlantic Union Bankshares Corp owned approximately 0.55% of Atlantic Union Bankshares worth $18,642,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in Atlantic Union Bankshares by 7.1% during the third quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 203,839 shares of the company's stock worth $7,679,000 after acquiring an additional 13,451 shares during the period. De Lisle Partners LLP boosted its holdings in shares of Atlantic Union Bankshares by 41.6% in the 3rd quarter. De Lisle Partners LLP now owns 29,118 shares of the company's stock worth $1,097,000 after buying an additional 8,553 shares during the last quarter. BNP Paribas Financial Markets grew its position in Atlantic Union Bankshares by 95.5% during the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company's stock valued at $1,331,000 after buying an additional 17,265 shares during the period. FMR LLC increased its holdings in Atlantic Union Bankshares by 30.1% during the third quarter. FMR LLC now owns 71,349 shares of the company's stock worth $2,688,000 after buying an additional 16,516 shares during the last quarter. Finally, Advantage Alpha Capital Partners LP increased its holdings in Atlantic Union Bankshares by 29.1% during the third quarter. Advantage Alpha Capital Partners LP now owns 13,032 shares of the company's stock worth $491,000 after buying an additional 2,938 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AUB has been the subject of a number of research reports. Raymond James reduced their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Hovde Group reduced their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods boosted their target price on 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 data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $42.00.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB traded up $0.19 during midday trading on Friday, hitting $42.43. The company's stock had a trading volume of 367,077 shares, compared to its average volume of 538,902. The stock has a fifty day moving average price of $39.15 and a 200 day moving average price of $36.81. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 17.43 and a beta of 0.89. Atlantic Union Bankshares Co. has a one year low of $30.22 and a one year high of $44.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

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

Atlantic Union Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.34 per share. This is a boost from Atlantic Union Bankshares's previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 8th. 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.