State Street Corp Has $169.21 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

State Street Corp boosted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 3.0% in the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,492,014 shares of the company's stock after purchasing an additional 130,104 shares during the quarter. State Street Corp owned about 5.00% of Atlantic Union Bankshares worth $169,214,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its holdings in Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company's stock valued at $39,000 after acquiring an additional 489 shares during the period. UMB Bank n.a. lifted its position in shares of Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company's stock worth $42,000 after purchasing an additional 483 shares during the last quarter. Quest Partners LLC bought a new stake in Atlantic Union Bankshares during the 3rd quarter valued at approximately $56,000. Blue Trust Inc. grew 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 last quarter. Finally, Family Firm Inc. bought a new position in Atlantic Union Bankshares in the 2nd quarter worth approximately $85,000. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Price Performance

Shares of AUB traded down $0.36 during mid-day trading on Friday, reaching $40.95. The company had a trading volume of 633,178 shares, compared to its average volume of 549,629. The company's 50-day moving average is $40.24 and its 200-day moving average is $37.48. 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 $3.68 billion, a P/E ratio of 16.99 and a beta of 0.91. Atlantic Union Bankshares Co. has a twelve month low of $30.43 and a twelve month high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last issued its quarterly earnings data 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. The company had revenue of $358.81 million during 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 last year, the business earned $0.80 earnings per share. On average, equities analysts anticipate that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 8th. This is a positive change from Atlantic Union Bankshares's previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.32%. Atlantic Union Bankshares's dividend payout ratio (DPR) is 56.43%.

Analyst Ratings Changes

Several research firms have recently weighed in on AUB. Hovde Group reduced their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a research report on Friday, September 13th. Keefe, Bruyette & Woods increased their price target 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, November 22nd. Finally, Raymond James dropped their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Atlantic Union Bankshares 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.