Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Janus Henderson Group PLC

Janus Henderson Group PLC lowered its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 15.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,528 shares of the company’s stock after selling 7,000 shares during the period. Janus Henderson Group PLC’s holdings in Atlantic Union Bankshares were worth $1,452,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the business. SG Americas Securities LLC raised its position in Atlantic Union Bankshares by 69.9% in the second quarter. SG Americas Securities LLC now owns 19,122 shares of the company’s stock valued at $628,000 after purchasing an additional 7,868 shares during the period. Diversified Trust Co acquired a new position in Atlantic Union Bankshares during the 2nd quarter worth approximately $252,000. Raymond James & Associates boosted its holdings in Atlantic Union Bankshares by 2.7% in the 2nd quarter. Raymond James & Associates now owns 121,394 shares of the company’s stock worth $3,988,000 after acquiring an additional 3,192 shares during the period. Louisiana State Employees Retirement System grew its position in Atlantic Union Bankshares by 21.5% in the second quarter. Louisiana State Employees Retirement System now owns 45,200 shares of the company’s stock valued at $1,485,000 after acquiring an additional 8,000 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Atlantic Union Bankshares during the second quarter valued at approximately $85,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

AUB opened at $40.95 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54. The company has a 50-day moving average of $40.24 and a 200-day moving average of $37.48. The company has a market capitalization of $3.68 billion, a P/E ratio of 16.99 and a beta of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The firm had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. Equities analysts expect that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a dividend of $0.34 per share. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. This represents a $1.36 annualized dividend and a yield of 3.32%. Atlantic Union Bankshares’s payout ratio is presently 56.43%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on AUB shares. Hovde Group lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Keefe, Bruyette & Woods raised their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. Finally, Raymond James cut their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.00.

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.