Amalgamated Bank Sells 997 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Amalgamated Bank cut its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3.6% during the third quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 26,405 shares of the company’s stock after selling 997 shares during the period. Amalgamated Bank’s holdings in Atlantic Union Bankshares were worth $995,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC lifted its position in shares of Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after buying an additional 489 shares during the last quarter. UMB Bank n.a. boosted its stake in Atlantic Union Bankshares by 77.7% in the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares in the last quarter. Blue Trust Inc. grew its holdings in Atlantic Union Bankshares by 110.2% in the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after purchasing an additional 1,095 shares during the last quarter. Family Firm Inc. acquired a new position in shares of Atlantic Union Bankshares during the second quarter worth $85,000. Finally, EMC Capital Management acquired a new position in shares of Atlantic Union Bankshares during the first quarter worth $199,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AUB has been the topic of several research analyst reports. Hovde Group dropped their target price on 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. Keefe, Bruyette & Woods increased their price objective on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Finally, Raymond James dropped their target price 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. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $40.40.

Atlantic Union Bankshares Trading Up 0.2 %

Shares of NASDAQ:AUB opened at $42.65 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 52-week low of $30.22 and a 52-week high of $43.57. The stock has a market cap of $3.83 billion, a price-to-earnings ratio of 17.70 and a beta of 0.89. The business has a 50-day moving average price of $38.25 and a 200-day moving average price of $36.19.

Atlantic Union Bankshares (NASDAQ:AUB) last posted 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 company had revenue of $358.81 million during 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 last year, the firm posted $0.80 EPS. Equities analysts predict that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be issued a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.19%. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio is presently 56.43%.

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.