Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Purchased by Fisher Asset Management LLC

Fisher Asset Management LLC increased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 0.4% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 302,253 shares of the company’s stock after purchasing an additional 1,253 shares during the quarter. Fisher Asset Management LLC owned 0.40% of Atlantic Union Bankshares worth $11,044,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Strs Ohio acquired a new position in Atlantic Union Bankshares during the fourth quarter worth $29,000. Covestor Ltd raised its holdings in shares of Atlantic Union Bankshares by 95.0% in the third quarter. Covestor Ltd now owns 1,053 shares of the company’s stock worth $30,000 after acquiring an additional 513 shares during the last quarter. TFO Wealth Partners LLC raised its holdings in shares of Atlantic Union Bankshares by 386,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock worth $141,000 after acquiring an additional 3,861 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in shares of Atlantic Union Bankshares by 194.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock worth $151,000 after acquiring an additional 2,720 shares during the last quarter. Finally, Jump Financial LLC acquired a new position in shares of Atlantic Union Bankshares in the fourth quarter worth $219,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Frank Russell Ellett purchased 4,467 shares of the stock in a transaction on Monday, June 10th. The stock was purchased at an average price of $30.85 per share, with a total value of $137,806.95. Following the completion of the transaction, the director now owns 56,801 shares in the company, valued at $1,752,310.85. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.28% of the stock is owned by company insiders.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $31.52 on Thursday. The company has a market cap of $2.83 billion, a P/E ratio of 11.59 and a beta of 0.92. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares Co. has a 52 week low of $25.22 and a 52 week high of $37.86. The business has a fifty day simple moving average of $32.57 and a 200-day simple moving average of $33.84.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The firm had revenue of $288.47 million for the quarter, compared to analysts’ expectations of $178.82 million. During the same period last year, the firm posted $0.63 EPS. Equities research analysts forecast that Atlantic Union Bankshares Co. will post 2.95 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 7th. Shareholders of record on Friday, May 24th were given a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 4.06%. The ex-dividend date was Thursday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 47.06%.

Wall Street Analyst Weigh In

AUB has been the subject of a number of analyst reports. Stephens cut their price target on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a report on Wednesday, April 24th. Keefe, Bruyette & Woods cut their price target on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Finally, Piper Sandler cut their price target on Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, April 29th.

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.