Central Pacific Bank Trust Division Has $154,000 Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Central Pacific Bank Trust Division decreased its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 27.8% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,080 shares of the company’s stock after selling 1,570 shares during the period. Central Pacific Bank Trust Division’s holdings in Atlantic Union Bankshares were worth $154,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Mather Group LLC. bought a new stake in shares of Atlantic Union Bankshares during the 1st quarter valued at about $27,000. Family Firm Inc. bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter valued at about $85,000. EMC Capital Management bought a new stake in shares of Atlantic Union Bankshares during the 1st quarter valued at about $199,000. Diversified Trust Co bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter valued at about $252,000. Finally, Profund Advisors LLC boosted its position in shares of Atlantic Union Bankshares by 32.2% during the 2nd quarter. Profund Advisors LLC now owns 7,703 shares of the company’s stock valued at $253,000 after purchasing an additional 1,876 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Up 1.9 %

AUB stock opened at $36.94 on Friday. Atlantic Union Bankshares Co. has a twelve month low of $26.91 and a twelve month high of $42.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The stock’s 50 day moving average is $37.98 and its 200-day moving average is $35.09. The firm has a market capitalization of $3.32 billion, a PE ratio of 13.58 and a beta of 0.89.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Thursday, July 25th. The company reported $0.63 earnings per share for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.95%. The company had revenue of $212.20 million during the quarter, compared to the consensus estimate of $216.03 million. During the same quarter in the prior year, the business earned $0.74 EPS. The firm’s revenue for the quarter was up 17.9% compared to the same quarter last year. Sell-side analysts expect that Atlantic Union Bankshares Co. will post 3.04 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, August 23rd. Stockholders of record on Friday, August 9th were issued a $0.32 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.47%. Atlantic Union Bankshares’s dividend payout ratio is presently 47.06%.

Analyst Ratings Changes

AUB has been the topic of several recent research reports. Raymond James cut their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday. Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods increased their price target on Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a “market perform” rating in a report on Monday, July 29th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $40.40.

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.