Mutual of America Capital Management LLC Decreases Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Mutual of America Capital Management LLC decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 8.5% during the 3rd quarter, according to its most recent disclosure with the SEC. The fund owned 13,504 shares of the company’s stock after selling 1,251 shares during the period. Mutual of America Capital Management LLC’s holdings in Atlantic Union Bankshares were worth $509,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the company. Oppenheimer & Co. Inc. boosted its holdings in shares of Atlantic Union Bankshares by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company’s stock valued at $325,000 after purchasing an additional 450 shares during the last quarter. UMB Bank n.a. grew its position in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares during the period. GAMMA Investing LLC increased its stake in Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after acquiring an additional 489 shares during the last quarter. Moors & Cabot Inc. lifted its stake in shares of Atlantic Union Bankshares by 5.5% in the 2nd quarter. Moors & Cabot Inc. now owns 9,532 shares of the company’s stock valued at $313,000 after purchasing an additional 500 shares in the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Atlantic Union Bankshares by 2.0% during the 3rd quarter. Trust Point Inc. now owns 25,998 shares of the company’s stock worth $979,000 after purchasing an additional 513 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

AUB has been the subject of several recent research reports. Keefe, Bruyette & Woods increased their price objective on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Raymond James cut their price objective on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Finally, Hovde Group decreased their target price on 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. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $42.57 on Wednesday. The company has a market capitalization of $3.82 billion, a PE ratio of 17.66 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a fifty day moving average of $38.93 and a 200-day moving average of $36.67. Atlantic Union Bankshares Co. has a one year low of $30.22 and a one year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.83 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 analyst estimates of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter last year, the business posted $0.80 EPS. As a group, equities analysts anticipate that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were issued a dividend of $0.34 per share. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 56.43%.

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.