Holocene Advisors LP acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 18,277 shares of the company's stock, valued at approximately $688,000.
A number of other institutional investors have also made changes to their positions in the business. GAMMA Investing LLC grew its position in Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company's stock worth $39,000 after buying an additional 489 shares in the last quarter. UMB Bank n.a. boosted its holdings in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company's stock valued at $42,000 after purchasing an additional 483 shares in the last quarter. Quest Partners LLC acquired a new stake in Atlantic Union Bankshares during the third quarter valued at approximately $56,000. Blue Trust Inc. boosted its holdings in Atlantic Union Bankshares by 110.2% during the third quarter. Blue Trust Inc. now owns 2,089 shares of the company's stock valued at $79,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in Atlantic Union Bankshares during the second quarter valued at approximately $85,000. 78.58% of the stock is currently owned by institutional investors.
Analysts Set New Price Targets
A number of equities research analysts have weighed in on AUB shares. Hovde Group decreased their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating on the stock in a report on Friday, September 13th. Raymond James reduced their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods boosted their price objective on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a "market perform" rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, Atlantic Union Bankshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.
Check Out Our Latest Report on Atlantic Union Bankshares
Atlantic Union Bankshares Stock Up 0.8 %
NASDAQ AUB traded up $0.34 on Friday, reaching $42.39. The company had a trading volume of 1,210,619 shares, compared to its average volume of 803,142. The firm has a market capitalization of $3.81 billion, a price-to-earnings ratio of 14.67 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54. The company's fifty day moving average is $39.74 and its 200-day moving average is $37.20.
Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last released 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 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 the consensus estimate of $226.70 million. During the same quarter in the previous year, the business earned $0.80 earnings per share. On average, research analysts forecast that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current fiscal year.
Atlantic Union Bankshares Increases Dividend
The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a dividend of $0.34 per share. This is an increase from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares's payout ratio is currently 56.43%.
About Atlantic Union Bankshares
(
Free Report)
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.
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