Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by SG Americas Securities LLC

SG Americas Securities LLC reduced its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 80.7% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 3,693 shares of the company's stock after selling 15,429 shares during the quarter. SG Americas Securities LLC's holdings in Atlantic Union Bankshares were worth $139,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Park Avenue Securities LLC lifted its position in Atlantic Union Bankshares by 4.6% in the first quarter. Park Avenue Securities LLC now owns 10,178 shares of the company's stock valued at $359,000 after buying an additional 444 shares during the last quarter. Moors & Cabot Inc. boosted its position in shares of Atlantic Union Bankshares by 5.5% during the 2nd quarter. Moors & Cabot Inc. now owns 9,532 shares of the company's stock worth $313,000 after purchasing an additional 500 shares during the period. US Bancorp DE increased its holdings in Atlantic Union Bankshares by 6.8% in the 1st quarter. US Bancorp DE now owns 12,098 shares of the company's stock valued at $427,000 after purchasing an additional 769 shares during the last quarter. Texas Permanent School Fund Corp increased its holdings in Atlantic Union Bankshares by 1.3% in the 1st quarter. Texas Permanent School Fund Corp now owns 65,659 shares of the company's stock valued at $2,318,000 after purchasing an additional 856 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. lifted its stake in Atlantic Union Bankshares by 0.9% during the second quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 130,890 shares of the company's stock worth $4,300,000 after purchasing an additional 1,160 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Down 0.8 %

NASDAQ AUB traded down $0.29 during trading hours on Friday, hitting $36.81. 1,434,813 shares of the company were exchanged, compared to its average volume of 488,449. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.30 billion, a price-to-earnings ratio of 13.53 and a beta of 0.89. The company has a 50 day moving average of $37.82 and a two-hundred day moving average of $35.46. Atlantic Union Bankshares Co. has a 52-week low of $27.63 and a 52-week high of $42.50.

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 for the quarter, topping 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 firm had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. During the same period in the prior year, the firm earned $0.80 earnings per share. Equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.01 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.69%. This is an increase from Atlantic Union Bankshares's previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 8th. Atlantic Union Bankshares's payout ratio is 47.06%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on AUB. Hovde Group decreased their target price on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. Keefe, Bruyette & Woods increased their price target on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a "market perform" rating in a research report on Monday, July 29th. Finally, 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 report on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, Atlantic Union Bankshares presently has an average rating of "Moderate Buy" and a consensus target price of $40.40.

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.