Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Purchased by Systematic Financial Management LP

Systematic Financial Management LP increased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 51.1% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 346,292 shares of the company’s stock after purchasing an additional 117,186 shares during the period. Systematic Financial Management LP’s holdings in Atlantic Union Bankshares were worth $11,376,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Mather Group LLC. purchased a new position in shares of Atlantic Union Bankshares during the first quarter worth $27,000. Family Firm Inc. purchased a new position in shares of Atlantic Union Bankshares during the second quarter worth $85,000. TFO Wealth Partners LLC boosted its position in shares of Atlantic Union Bankshares by 386,100.0% during the fourth quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock worth $141,000 after buying an additional 3,861 shares during the period. Central Pacific Bank Trust Division purchased a new position in shares of Atlantic Union Bankshares during the first quarter worth $179,000. Finally, EMC Capital Management acquired a new stake in shares of Atlantic Union Bankshares in the first quarter valued at $199,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Up 0.1 %

AUB opened at $37.11 on Monday. The business’s 50-day simple moving average is $38.30 and its 200-day simple moving average is $35.03. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a one year low of $26.91 and a one year high of $42.50. The stock has a market capitalization of $3.33 billion, a P/E ratio of 13.64 and a beta of 0.89.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. The firm had revenue of $212.20 million for the quarter, compared to analyst estimates of $216.03 million. During the same quarter last year, the firm posted $0.74 EPS. The firm’s revenue for the quarter was up 17.9% on a year-over-year basis. 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 declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were issued a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date of this dividend was Friday, August 9th. Atlantic Union Bankshares’s dividend payout ratio is currently 47.06%.

Analysts Set New Price Targets

Several analysts have recently issued reports on the company. Keefe, Bruyette & Woods increased their price objective on Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research note on Monday, July 29th. Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $40.00.

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.