Park Avenue Securities LLC Has $268,000 Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Park Avenue Securities LLC lessened its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 28.0% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 7,126 shares of the company’s stock after selling 2,771 shares during the quarter. Park Avenue Securities LLC’s holdings in Atlantic Union Bankshares were worth $268,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Dimensional Fund Advisors LP grew its position in shares of Atlantic Union Bankshares by 13.8% in the 2nd quarter. Dimensional Fund Advisors LP now owns 5,681,290 shares of the company’s stock valued at $186,626,000 after acquiring an additional 690,400 shares during the period. Westwood Holdings Group Inc. grew its holdings in Atlantic Union Bankshares by 19.0% during the first quarter. Westwood Holdings Group Inc. now owns 2,627,756 shares of the company’s stock worth $92,786,000 after purchasing an additional 419,793 shares during the period. Bank of New York Mellon Corp increased its position in Atlantic Union Bankshares by 45.3% during the second quarter. Bank of New York Mellon Corp now owns 1,180,199 shares of the company’s stock worth $38,770,000 after buying an additional 368,190 shares during the last quarter. Atlantic Union Bankshares Corp lifted its position in shares of Atlantic Union Bankshares by 64.6% in the second quarter. Atlantic Union Bankshares Corp now owns 458,689 shares of the company’s stock valued at $15,066,000 after buying an additional 179,951 shares during the last quarter. Finally, Goldman Sachs Group Inc. increased its holdings in shares of Atlantic Union Bankshares by 19.9% during the 4th quarter. Goldman Sachs Group Inc. now owns 971,363 shares of the company’s stock worth $35,494,000 after acquiring an additional 161,479 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Trading Up 3.4 %

AUB stock opened at $37.88 on Monday. Atlantic Union Bankshares Co. has a 52 week low of $26.91 and a 52 week high of $42.50. The company has a market capitalization of $3.40 billion, a PE ratio of 16.69 and a beta of 0.89. The company’s 50-day simple moving average is $37.55 and its 200 day simple moving average is $35.21. The company has a debt-to-equity ratio of 0.14, a quick ratio of 0.90 and a current ratio of 0.90.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Thursday, July 25th. The company reported $0.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 analyst estimates of $216.03 million. During the same quarter in the previous year, the company earned $0.74 EPS. The business’s revenue for the quarter was up 17.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 3.01 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, August 23rd. Shareholders of record on Friday, August 9th were issued a $0.32 dividend. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.28 annualized dividend and a yield of 3.38%. Atlantic Union Bankshares’s dividend payout ratio is presently 56.39%.

Wall Street Analyst Weigh In

Several brokerages have issued reports on AUB. Keefe, Bruyette & Woods raised their price target on Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, July 29th. Hovde Group decreased their price target on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Finally, Raymond James cut their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have given 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 $40.40.

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.