Vanguard Group Inc. Purchases 111,580 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Vanguard Group Inc. raised its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,290,826 shares of the company’s stock after purchasing an additional 111,580 shares during the period. Vanguard Group Inc. owned 12.37% of Atlantic Union Bankshares worth $339,487,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently modified their holdings of the business. Strs Ohio bought a new stake in Atlantic Union Bankshares in the fourth quarter valued at about $29,000. TFO Wealth Partners LLC raised its position in shares of Atlantic Union Bankshares by 386,100.0% in the 4th quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock valued at $141,000 after acquiring an additional 3,861 shares during the period. Nisa Investment Advisors LLC boosted its stake in Atlantic Union Bankshares by 194.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock worth $151,000 after acquiring an additional 2,720 shares during the last quarter. Jump Financial LLC acquired a new position in Atlantic Union Bankshares during the fourth quarter valued at approximately $219,000. Finally, Vectors Research Management LLC bought a new stake in Atlantic Union Bankshares in the fourth quarter valued at approximately $224,000. Institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on AUB shares. Piper Sandler reduced their price target on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Stephens reduced their target price on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods lowered their price target on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th.

Atlantic Union Bankshares Stock Up 2.8 %

Shares of AUB stock opened at $32.85 on Friday. The company has a market capitalization of $2.95 billion, a price-to-earnings ratio of 12.08 and a beta of 0.92. Atlantic Union Bankshares Co. has a 12-month low of $25.27 and a 12-month high of $37.86. The firm has a fifty day moving average of $32.48 and a 200-day moving average of $33.77. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The firm had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same quarter last year, the company posted $0.63 EPS. As a group, equities research analysts predict that Atlantic Union Bankshares Co. will post 2.95 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were paid a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.90%. The ex-dividend date was Thursday, May 23rd. Atlantic Union Bankshares’s payout ratio is 47.06%.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Frank Russell Ellett acquired 4,467 shares of the stock in a transaction dated Monday, June 10th. The shares were bought at an average cost of $30.85 per share, for a total transaction of $137,806.95. Following the completion of the acquisition, the director now directly owns 56,801 shares of the company’s stock, valued at $1,752,310.85. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.87% of the company’s stock.

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.