Atria Investments Inc Purchases New Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Atria Investments Inc purchased a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 5,508 shares of the company’s stock, valued at approximately $207,000.

Other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after acquiring an additional 489 shares during the period. UMB Bank n.a. increased its position in Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after purchasing an additional 483 shares during the period. Blue Trust Inc. increased its position in Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after purchasing an additional 1,095 shares during the period. Family Firm Inc. acquired a new position in Atlantic Union Bankshares during the 2nd quarter worth approximately $85,000. Finally, ZWJ Investment Counsel Inc. acquired a new position in Atlantic Union Bankshares during the 3rd quarter worth approximately $202,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on AUB shares. Raymond James decreased 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. Hovde Group dropped their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods upped their price objective on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Atlantic Union Bankshares Stock Up 1.8 %

Shares of Atlantic Union Bankshares stock opened at $42.63 on Monday. The business has a 50-day moving average of $38.82 and a 200-day moving average of $36.61. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The company has a market capitalization of $3.83 billion, a PE ratio of 17.69 and a beta of 0.89. Atlantic Union Bankshares Co. has a 1-year low of $30.22 and a 1-year high of $43.57.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, topping the consensus estimate 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 business had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. During the same quarter last year, the company posted $0.80 earnings per share. As a group, equities analysts forecast 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 issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.19%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 56.43%.

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.