UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC Acquires 13,451 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 7.1% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 203,839 shares of the company's stock after acquiring an additional 13,451 shares during the quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC owned approximately 0.23% of Atlantic Union Bankshares worth $7,679,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. De Lisle Partners LLP grew its stake in Atlantic Union Bankshares by 41.6% in the third quarter. De Lisle Partners LLP now owns 29,118 shares of the company's stock worth $1,097,000 after purchasing an additional 8,553 shares in the last quarter. BNP Paribas Financial Markets grew its position in shares of Atlantic Union Bankshares by 95.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company's stock worth $1,331,000 after acquiring an additional 17,265 shares in the last quarter. FMR LLC increased its holdings in shares of Atlantic Union Bankshares by 30.1% in the 3rd quarter. FMR LLC now owns 71,349 shares of the company's stock valued at $2,688,000 after acquiring an additional 16,516 shares during the last quarter. Advantage Alpha Capital Partners LP raised its position in shares of Atlantic Union Bankshares by 29.1% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 13,032 shares of the company's stock valued at $491,000 after acquiring an additional 2,938 shares in the last quarter. Finally, Dynamic Technology Lab Private Ltd bought a new position in Atlantic Union Bankshares during the third quarter worth $591,000. Institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Trading Down 0.6 %

Shares of Atlantic Union Bankshares stock traded down $0.27 on Tuesday, reaching $41.91. 525,514 shares of the company were exchanged, compared to its average volume of 548,136. The stock has a fifty day moving average price of $39.94 and a 200-day moving average price of $37.36. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.39 and a beta of 0.91. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating 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 for the quarter, compared to the consensus estimate of $226.70 million. During the same period in the previous year, the business earned $0.80 EPS. On average, analysts expect that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from Atlantic Union Bankshares's previous quarterly dividend of $0.32. Atlantic Union Bankshares's dividend payout ratio (DPR) is 56.43%.

Wall Street Analyst Weigh In

Several research firms have recently commented on AUB. 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 report on Wednesday, October 2nd. 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. Finally, Keefe, Bruyette & Woods upped their price target on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, November 22nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.