International Assets Investment Management LLC Makes New $7.66 Million Investment in Atlantic Union Bankshares Co. (NASDAQ:AUB)

International Assets Investment Management LLC acquired a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 20,342 shares of the company's stock, valued at approximately $7,660,000.

Other large investors have also recently modified their holdings of the company. State Board of Administration of Florida Retirement System grew its holdings in Atlantic Union Bankshares by 68.8% in the 1st quarter. State Board of Administration of Florida Retirement System now owns 36,209 shares of the company's stock worth $1,269,000 after acquiring an additional 14,760 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in Atlantic Union Bankshares in the 1st quarter worth approximately $783,000. Fifth Lane Capital LP purchased a new position in shares of Atlantic Union Bankshares during the first quarter valued at approximately $1,560,000. Sei Investments Co. boosted its holdings in Atlantic Union Bankshares by 83.7% in the first quarter. Sei Investments Co. now owns 160,775 shares of the company's stock valued at $5,677,000 after acquiring an additional 73,262 shares in the last quarter. Finally, BNP Paribas Financial Markets increased its position in Atlantic Union Bankshares by 106.4% during the 1st quarter. BNP Paribas Financial Markets now owns 43,507 shares of the company's stock valued at $1,536,000 after purchasing an additional 22,432 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

Analyst Ratings Changes

A number of research analysts have weighed in on the company. Keefe, Bruyette & Woods upped their target price on Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a "market perform" rating in a report on Monday, July 29th. Raymond James dropped their price target on 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. Finally, Hovde Group decreased 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. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $40.40.

Atlantic Union Bankshares Stock Down 0.0 %

Shares of AUB stock traded down $0.01 during trading hours on Friday, hitting $37.79. 435,955 shares of the company's stock traded hands, compared to its average volume of 496,676. 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 stock has a market cap of $3.39 billion, a price-to-earnings ratio of 13.27 and a beta of 0.89. The stock's fifty day simple moving average is $37.87 and its two-hundred day simple moving average is $35.60. Atlantic Union Bankshares Co. has a 12-month low of $29.24 and a 12-month 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 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The firm had revenue of $358.81 million for the quarter, compared to analysts' expectations of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, analysts expect that Atlantic Union Bankshares Co. will post 3.05 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.60%. Atlantic Union Bankshares's payout ratio is 53.11%.

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.