Barclays PLC Buys 106,415 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Barclays PLC grew its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 132.3% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 186,876 shares of the company's stock after acquiring an additional 106,415 shares during the period. Barclays PLC owned 0.21% of Atlantic Union Bankshares worth $7,039,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. Natixis Advisors LLC increased its holdings in Atlantic Union Bankshares by 24.2% in the 3rd quarter. Natixis Advisors LLC now owns 60,782 shares of the company's stock worth $2,290,000 after acquiring an additional 11,832 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in shares of Atlantic Union Bankshares in the third quarter worth approximately $591,000. BNP Paribas Financial Markets increased its stake in shares of Atlantic Union Bankshares by 95.5% in the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company's stock worth $1,331,000 after purchasing an additional 17,265 shares in the last quarter. Renaissance Technologies LLC purchased a new position in shares of Atlantic Union Bankshares during the 2nd quarter valued at $4,096,000. Finally, Intech Investment Management LLC bought a new position in Atlantic Union Bankshares in the 3rd quarter worth $526,000. Hedge funds and other institutional investors own 78.58% of the company's stock.

Analysts Set New Price Targets

AUB has been the topic of a number of recent analyst reports. Keefe, Bruyette & Woods raised their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a "market perform" rating in a report on Friday, November 22nd. Raymond James decreased their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 2nd. Finally, Hovde Group cut 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 report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $42.00.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB traded down $0.31 during mid-day trading on Thursday, reaching $37.15. The stock had a trading volume of 995,343 shares, compared to its average volume of 556,502. The business's 50 day moving average price is $40.40 and its 200 day moving average price is $37.67. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The company has a market cap of $3.34 billion, a P/E ratio of 15.42 and a beta of 0.91. 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 quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The business had revenue of $358.81 million for the quarter, compared to analysts' expectations of $226.70 million. During the same period in the prior year, the firm earned $0.80 EPS. Research analysts expect that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.34 dividend. This is a boost from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.66%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 56.43%.

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.