Stifel Financial Corp Grows Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Stifel Financial Corp increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.3% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 32,485 shares of the company’s stock after purchasing an additional 428 shares during the quarter. Stifel Financial Corp’s holdings in Atlantic Union Bankshares were worth $1,224,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in Atlantic Union Bankshares by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after acquiring an additional 489 shares in the last quarter. UMB Bank n.a. lifted its holdings in shares of Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after purchasing an additional 483 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares in the 3rd quarter valued at about $56,000. Blue Trust Inc. grew its stake 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 buying an additional 1,095 shares during the last quarter. Finally, ZWJ Investment Counsel Inc. acquired a new position in Atlantic Union Bankshares during the third quarter worth approximately $202,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $37.84 on Monday. The stock has a market capitalization of $3.40 billion, a P/E ratio of 15.70 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The company’s fifty day moving average is $40.41 and its two-hundred day moving average is $37.75.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same period in the previous year, the business posted $0.80 earnings per share. On average, sell-side analysts predict that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.59%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio is 56.43%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Hovde Group decreased 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. Raymond James lowered their price objective on shares of 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. Finally, Keefe, Bruyette & Woods upped their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

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.