Y Intercept Hong Kong Ltd Makes New $563,000 Investment in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Y Intercept Hong Kong Ltd acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 14,950 shares of the company's stock, valued at approximately $563,000.

A number of other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC raised its position in shares of Atlantic Union Bankshares by 88.6% during the 3rd 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 last quarter. UMB Bank n.a. lifted its stake in Atlantic Union Bankshares by 77.7% in the third quarter. UMB Bank n.a. now owns 1,105 shares of the company's stock valued at $42,000 after buying an additional 483 shares during the period. Quest Partners LLC acquired a new position in shares of Atlantic Union Bankshares during the 3rd quarter worth about $56,000. Blue Trust Inc. increased its stake in shares of 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 acquiring an additional 1,095 shares during the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $85,000. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Stock Down 0.9 %

Shares of AUB stock traded down $0.36 during trading hours on Friday, hitting $40.95. 633,178 shares of the company were exchanged, compared to its average volume of 728,140. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54. 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 business has a 50 day moving average of $40.24 and a two-hundred day moving average of $37.56. The company has a market capitalization of $3.68 billion, a PE ratio of 16.99 and a beta of 0.91.

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 (EPS) for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The firm 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 quarter in the prior year, the company earned $0.80 EPS. Analysts anticipate that Atlantic Union Bankshares Co. will post 2.93 earnings per share 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. Stockholders of record on Friday, November 8th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.32%. 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. Atlantic Union Bankshares's payout ratio is currently 56.43%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on AUB. Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating for the company in a report on Friday, September 13th. 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. Finally, Keefe, Bruyette & Woods raised their price objective on 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and an average price target of $42.00.

About Atlantic Union Bankshares

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.