Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Purchased by Blue Trust Inc.

Blue Trust Inc. raised its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 110.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,089 shares of the company’s stock after purchasing an additional 1,095 shares during the period. Blue Trust Inc.’s holdings in Atlantic Union Bankshares were worth $79,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Trust Point Inc. raised its stake in shares of Atlantic Union Bankshares by 2.0% in the 3rd quarter. Trust Point Inc. now owns 25,998 shares of the company’s stock valued at $979,000 after purchasing an additional 513 shares in the last quarter. ZWJ Investment Counsel Inc. acquired a new stake in Atlantic Union Bankshares during the third quarter valued at approximately $202,000. Heritage Family Offices LLP acquired a new stake in Atlantic Union Bankshares during the third quarter valued at approximately $224,000. Creative Planning lifted its holdings in Atlantic Union Bankshares by 20.5% during the 3rd quarter. Creative Planning now owns 13,159 shares of the company’s stock worth $496,000 after buying an additional 2,240 shares during the last quarter. Finally, Oliver Luxxe Assets LLC grew its position in shares of Atlantic Union Bankshares by 105.5% in the 3rd quarter. Oliver Luxxe Assets LLC now owns 66,407 shares of the company’s stock worth $2,502,000 after acquiring an additional 34,093 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $38.36 on Thursday. Atlantic Union Bankshares Co. has a 12 month low of $28.24 and a 12 month high of $42.50. 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 stock has a fifty day moving average price of $37.87 and a 200 day moving average price of $35.58. The company has a market cap of $3.44 billion, a P/E ratio of 15.92 and a beta of 0.89.

Atlantic Union Bankshares (NASDAQ:AUB) last released 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 during the quarter, compared to analyst estimates of $226.70 million. During the same quarter in the prior year, the firm earned $0.80 earnings per share. On average, research analysts forecast that Atlantic Union Bankshares Co. will post 3.05 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a $0.34 dividend. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.36 annualized dividend and a yield of 3.55%. Atlantic Union Bankshares’s dividend payout ratio is 56.43%.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the company. Raymond James dropped their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price target on shares of 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. Finally, Hovde Group lowered their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average 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.