Atria Investments Inc Buys Shares of 5,508 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Atria Investments Inc bought a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 5,508 shares of the company’s stock, valued at approximately $207,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. UMB Bank n.a. increased 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 acquiring an additional 483 shares during the period. GAMMA Investing LLC increased its holdings in shares of Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after acquiring an additional 489 shares during the period. Moors & Cabot Inc. grew its stake in Atlantic Union Bankshares by 5.5% during the 2nd quarter. Moors & Cabot Inc. now owns 9,532 shares of the company’s stock worth $313,000 after buying an additional 500 shares during the last quarter. Trust Point Inc. grew its stake in Atlantic Union Bankshares by 2.0% during the 3rd quarter. Trust Point Inc. now owns 25,998 shares of the company’s stock worth $979,000 after buying an additional 513 shares during the last quarter. Finally, Deroy & Devereaux Private Investment Counsel Inc. grew its stake in Atlantic Union Bankshares by 0.7% during the 3rd quarter. Deroy & Devereaux Private Investment Counsel Inc. now owns 131,775 shares of the company’s stock worth $4,964,000 after buying an additional 885 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have weighed in on AUB. 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 note on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday. Finally, 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. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Atlantic Union Bankshares Trading Up 1.8 %

Shares of Atlantic Union Bankshares stock opened at $42.63 on Monday. The firm has a market capitalization of $3.83 billion, a price-to-earnings ratio of 17.69 and a beta of 0.89. Atlantic Union Bankshares Co. has a fifty-two week low of $30.22 and a fifty-two week high of $43.57. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The stock has a 50 day moving average of $38.82 and a 200 day moving average of $36.61.

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

Atlantic Union Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders 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 annualized dividend and a dividend yield of 3.19%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 56.43%.

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.