Jane Street Group LLC Sells 57,179 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Jane Street Group LLC lowered its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 32.6% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 118,481 shares of the company's stock after selling 57,179 shares during the period. Jane Street Group LLC owned approximately 0.13% of Atlantic Union Bankshares worth $4,463,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. GAMMA Investing LLC grew its holdings 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 in the last quarter. UMB Bank n.a. grew its stake 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 worth $42,000 after buying an additional 483 shares in the last quarter. Quest Partners LLC acquired a new stake in Atlantic Union Bankshares during the third quarter worth about $56,000. Blue Trust Inc. increased its holdings in Atlantic Union Bankshares by 110.2% in the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company's stock valued at $79,000 after buying an additional 1,095 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $85,000. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Price Performance

AUB stock traded down $2.17 during trading on Wednesday, reaching $37.46. 1,152,145 shares of the company were exchanged, compared to its average volume of 554,703. Atlantic Union Bankshares Co. has a twelve month low of $30.43 and a twelve month high of $44.54. 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 company has a market capitalization of $3.36 billion, a price-to-earnings ratio of 15.54 and a beta of 0.91. The company has a 50-day moving average of $40.40 and a two-hundred day moving average of $37.67.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its quarterly earnings results 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 net margin of 16.25% and a return on equity of 8.85%. The company had revenue of $358.81 million during the quarter, compared to the consensus estimate of $226.70 million. During the same period in the prior year, the business earned $0.80 earnings per share. As a group, equities analysts predict 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 announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 8th. 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 3.63%. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 56.43%.

Wall Street Analysts Forecast Growth

AUB has been the topic of several analyst reports. Raymond James reduced their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their target price 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. Finally, Hovde Group lowered their price target 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. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $42.00.

Atlantic Union Bankshares Company 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.