Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Holdings Lowered by Stephens Inc. AR

Stephens Inc. AR lowered its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 31.8% in the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 10,434 shares of the company’s stock after selling 4,859 shares during the period. Stephens Inc. AR’s holdings in Atlantic Union Bankshares were worth $393,000 as of its most recent filing with the SEC.

Several other institutional investors have also modified their holdings of the company. Deroy & Devereaux Private Investment Counsel Inc. grew its position in shares of Atlantic Union Bankshares by 0.7% during the third quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 131,775 shares of the company’s stock worth $4,964,000 after acquiring an additional 885 shares during the last quarter. Pinnacle Associates Ltd. grew its position in shares of Atlantic Union Bankshares by 8.6% during the third quarter. Pinnacle Associates Ltd. now owns 290,468 shares of the company’s stock worth $10,614,000 after acquiring an additional 23,087 shares during the last quarter. Smith Salley Wealth Management grew its position in shares of Atlantic Union Bankshares by 3.9% during the third quarter. Smith Salley Wealth Management now owns 52,892 shares of the company’s stock worth $1,992,000 after acquiring an additional 2,007 shares during the last quarter. International Assets Investment Management LLC bought a new position in Atlantic Union Bankshares in the 3rd quarter valued at about $7,660,000. Finally, Raymond James & Associates grew its position in Atlantic Union Bankshares by 3.9% in the 3rd quarter. Raymond James & Associates now owns 126,157 shares of the company’s stock valued at $4,752,000 after buying an additional 4,763 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $41.92 on Friday. Atlantic Union Bankshares Co. has a twelve month low of $29.24 and a twelve month high of $43.28. 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 company has a market capitalization of $3.76 billion, a price-to-earnings ratio of 17.39 and a beta of 0.89. The firm has a 50-day moving average of $37.89 and a two-hundred day moving average of $35.85.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $226.70 million. During the same period in the prior year, the company earned $0.80 EPS. As a group, analysts expect that Atlantic Union Bankshares Co. will post 3.05 earnings per share for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.24%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio is presently 56.43%.

Analyst Upgrades and Downgrades

AUB has been the subject of a number of recent analyst reports. Raymond James decreased their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Hovde Group decreased their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods increased their target price on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $40.40.

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.