28,460 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Purchased by Hantz Financial Services Inc.

Hantz Financial Services Inc. bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 2nd quarter, HoldingsChannel reports. The institutional investor bought 28,460 shares of the company’s stock, valued at approximately $935,000.

Other hedge funds have also recently bought and sold shares of the company. Truist Financial Corp raised its position in Atlantic Union Bankshares by 1.5% in the 4th quarter. Truist Financial Corp now owns 117,398 shares of the company’s stock valued at $4,290,000 after purchasing an additional 1,700 shares in the last quarter. Russell Investments Group Ltd. raised its position in Atlantic Union Bankshares by 2.1% in the 4th quarter. Russell Investments Group Ltd. now owns 71,510 shares of the company’s stock valued at $2,613,000 after purchasing an additional 1,482 shares in the last quarter. Victory Capital Management Inc. raised its position in Atlantic Union Bankshares by 2.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,449,785 shares of the company’s stock valued at $52,975,000 after purchasing an additional 40,659 shares in the last quarter. Natixis Advisors L.P. raised its position in Atlantic Union Bankshares by 30.8% in the 4th quarter. Natixis Advisors L.P. now owns 52,546 shares of the company’s stock valued at $1,920,000 after purchasing an additional 12,361 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. raised its position in Atlantic Union Bankshares by 3.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 618,084 shares of the company’s stock valued at $22,585,000 after purchasing an additional 22,033 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Insider Buying and Selling at Atlantic Union Bankshares

In related news, Director Frank Russell Ellett bought 4,467 shares of the stock in a transaction on 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 purchase, the director now owns 56,801 shares of the company’s stock, valued at approximately $1,752,310.85. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Company insiders own 0.87% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the company. Hovde Group increased their price target on Atlantic Union Bankshares from $40.00 to $46.00 and gave the company an “outperform” rating in a research report on Friday, July 26th. Keefe, Bruyette & Woods raised their target price on Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $40.20.

Atlantic Union Bankshares Trading Up 0.1 %

NASDAQ:AUB opened at $39.68 on Friday. The stock’s 50 day moving average price is $36.86 and its 200 day moving average price is $34.43. The company has a market capitalization of $3.56 billion, a PE ratio of 13.87 and a beta of 0.90. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. Atlantic Union Bankshares Co. has a 52-week low of $26.91 and a 52-week high of $42.50.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Thursday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). The firm had revenue of $212.20 million for the quarter, compared to analysts’ expectations of $216.03 million. Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. The company’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.74 EPS. On average, research analysts anticipate that Atlantic Union Bankshares Co. will post 3.04 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were paid a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.28 annualized dividend and a dividend yield of 3.23%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 47.06%.

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.