Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Holdings Decreased by Natixis Advisors LLC

Natixis Advisors LLC decreased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.7% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 48,950 shares of the company’s stock after selling 840 shares during the period. Natixis Advisors LLC owned about 0.05% of Atlantic Union Bankshares worth $1,608,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AUB. Mather Group LLC. bought a new stake in shares of Atlantic Union Bankshares during the first quarter valued at about $27,000. Family Firm Inc. bought a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $85,000. TFO Wealth Partners LLC raised its holdings in shares of Atlantic Union Bankshares by 386,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock valued at $141,000 after purchasing an additional 3,861 shares in the last quarter. Central Pacific Bank Trust Division bought a new stake in shares of Atlantic Union Bankshares during the 1st quarter worth about $179,000. Finally, EMC Capital Management bought a new position in shares of Atlantic Union Bankshares in the first quarter valued at approximately $199,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Hovde Group boosted their target price on shares of Atlantic Union Bankshares from $40.00 to $46.00 and gave the stock 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 investment analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $40.20.

Atlantic Union Bankshares Stock Down 0.2 %

Shares of NASDAQ:AUB opened at $37.46 on Wednesday. The company has a market capitalization of $3.36 billion, a PE ratio of 13.77 and a beta of 0.89. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average is $37.71 and its 200-day moving average is $34.66. 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 announced its earnings results on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate 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 business had revenue of $212.20 million for the quarter, compared to the consensus estimate of $216.03 million. During the same quarter in the previous year, the company posted $0.74 EPS. Atlantic Union Bankshares’s revenue for the quarter was up 17.9% on a year-over-year basis. Equities research analysts predict that Atlantic Union Bankshares Co. will post 3.04 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $0.32 per share. The ex-dividend date was Friday, August 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.42%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 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.