Park Avenue Securities LLC Boosts Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Park Avenue Securities LLC increased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 10,178 shares of the company’s stock after buying an additional 444 shares during the quarter. Park Avenue Securities LLC’s holdings in Atlantic Union Bankshares were worth $359,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Mather Group LLC. acquired a new stake in shares of Atlantic Union Bankshares during the first quarter valued at about $27,000. Strs Ohio purchased a new stake in Atlantic Union Bankshares in the fourth quarter valued at approximately $29,000. TFO Wealth Partners LLC raised its position in 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 valued at $141,000 after purchasing an additional 3,861 shares during the period. Nisa Investment Advisors LLC lifted its stake in Atlantic Union Bankshares by 194.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock worth $151,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Jump Financial LLC purchased a new position in shares of Atlantic Union Bankshares during the fourth quarter worth $219,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Frank Russell Ellett acquired 5,000 shares of the stock in a transaction dated Thursday, June 6th. The stock was acquired at an average cost of $31.71 per share, with a total value of $158,550.00. Following the transaction, the director now owns 47,334 shares in the company, valued at approximately $1,500,961.14. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. 0.87% of the stock is currently owned by corporate insiders.

Atlantic Union Bankshares Price Performance

AUB stock opened at $32.85 on Monday. The business’s 50-day moving average is $32.48 and its two-hundred day moving average is $33.76. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $2.95 billion, a P/E ratio of 12.08 and a beta of 0.92. Atlantic Union Bankshares Co. has a 1 year low of $25.27 and a 1 year high of $37.86.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $178.82 million. During the same period last year, the business earned $0.63 EPS. Analysts anticipate that Atlantic Union Bankshares Co. will post 2.95 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were paid a dividend of $0.32 per share. The ex-dividend date of this dividend was Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.90%. Atlantic Union Bankshares’s payout ratio is currently 47.06%.

Analysts Set New Price Targets

AUB has been the topic of several research reports. Stephens decreased their target price on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Piper Sandler lowered their price objective on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, April 29th. Finally, Keefe, Bruyette & Woods cut their target price on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th.

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.