Natixis Advisors LLC Purchases 11,832 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Natixis Advisors LLC raised its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 24.2% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 60,782 shares of the company's stock after purchasing an additional 11,832 shares during the period. Natixis Advisors LLC owned 0.07% of Atlantic Union Bankshares worth $2,290,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the business. Oppenheimer & Co. Inc. raised its holdings in Atlantic Union Bankshares by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company's stock worth $325,000 after purchasing an additional 450 shares in the last quarter. Versor Investments LP bought a new position in Atlantic Union Bankshares in the third quarter worth about $203,000. Atria Investments Inc purchased a new stake in Atlantic Union Bankshares in the third quarter worth about $207,000. Deroy & Devereaux Private Investment Counsel Inc. lifted its holdings in Atlantic Union Bankshares by 0.7% in the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 131,775 shares of the company's stock worth $4,964,000 after buying an additional 885 shares during the period. Finally, Pinnacle Associates Ltd. boosted its position in Atlantic Union Bankshares by 8.6% during the 3rd quarter. Pinnacle Associates Ltd. now owns 290,468 shares of the company's stock valued at $10,614,000 after acquiring an additional 23,087 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Up 2.2 %

Atlantic Union Bankshares stock traded up $0.92 during mid-day trading on Monday, reaching $43.55. The stock had a trading volume of 767,610 shares, compared to its average volume of 538,390. The company has a market capitalization of $3.91 billion, a price-to-earnings ratio of 14.75 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. Atlantic Union Bankshares Co. has a one year low of $30.22 and a one year high of $44.54. The company has a 50-day moving average price of $38.82 and a two-hundred day moving average price of $36.61.

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 for the quarter, beating the consensus estimate of $0.82 by $0.01. The company had revenue of $358.81 million during the quarter, compared to the consensus estimate of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter last year, the firm earned $0.80 earnings per share. On average, 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. Investors of record on Friday, November 8th were issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.12%. This is an increase from Atlantic Union Bankshares's previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 56.43%.

Analyst Ratings Changes

AUB has been the topic of several research reports. Hovde Group dropped their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating on the stock in a research report on Friday, September 13th. Keefe, Bruyette & Woods boosted their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a "market perform" rating in a report on Friday. Finally, Raymond James decreased their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research note on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, Atlantic Union Bankshares has a consensus rating of "Moderate Buy" and a consensus price target of $42.00.

Atlantic Union Bankshares 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.