GAMMA Investing LLC Buys 284 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

GAMMA Investing LLC boosted its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 27.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,325 shares of the company’s stock after purchasing an additional 284 shares during the quarter. GAMMA Investing LLC’s holdings in Atlantic Union Bankshares were worth $50,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also added to or reduced their stakes in the stock. Dimensional Fund Advisors LP boosted its position in shares of Atlantic Union Bankshares by 13.8% during 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 last quarter. State Street Corp boosted its position in shares of Atlantic Union Bankshares by 3.0% during the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company’s stock valued at $169,214,000 after acquiring an additional 130,104 shares during the last quarter. Westwood Holdings Group Inc. boosted its position in shares of Atlantic Union Bankshares by 1.2% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,658,342 shares of the company’s stock valued at $87,327,000 after acquiring an additional 30,586 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Atlantic Union Bankshares by 0.7% during the 3rd quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company’s stock valued at $77,836,000 after acquiring an additional 14,823 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Atlantic Union Bankshares by 20.0% during the 3rd quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company’s stock valued at $62,607,000 after acquiring an additional 270,470 shares during the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of Atlantic Union Bankshares stock opened at $35.71 on Tuesday. 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 business’s 50 day simple moving average is $40.22 and its two-hundred day simple moving average is $38.45. The stock has a market capitalization of $3.21 billion, a P/E ratio of 14.82 and a beta of 0.93. Atlantic Union Bankshares Co. has a one year low of $30.43 and a one year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.83 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 analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same period in the previous year, the firm earned $0.80 EPS. Analysts forecast that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.34 dividend. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a yield of 3.81%. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s payout ratio is 56.43%.

Wall Street Analyst Weigh In

A number of analysts recently weighed in on AUB shares. Raymond James dropped their target price on 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. Keefe, Bruyette & Woods boosted their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. Finally, Piper Sandler started coverage on Atlantic Union Bankshares in a research report on Monday. They issued an “overweight” rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average price target of $44.60.

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.