Cerity Partners LLC Grows Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Cerity Partners LLC grew its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 24.4% during the third quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,349 shares of the company’s stock after purchasing an additional 10,860 shares during the period. Cerity Partners LLC owned approximately 0.06% of Atlantic Union Bankshares worth $2,085,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after purchasing an additional 489 shares in the last quarter. UMB Bank n.a. boosted its position in 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 buying an additional 483 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares during the third quarter valued at about $56,000. Blue Trust Inc. increased its position in shares of Atlantic Union Bankshares by 110.2% during the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after acquiring an additional 1,095 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in shares of Atlantic Union Bankshares in the second quarter worth about $85,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $42.43 on Monday. Atlantic Union Bankshares Co. has a 52 week low of $30.22 and a 52 week high of $44.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 17.61 and a beta of 0.89. The stock has a 50 day moving average of $39.23 and a 200-day moving average of $36.90.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. The business had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. During the same period in the previous year, the business posted $0.80 EPS. As a group, 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 announced 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 an increase 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 3.21%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s payout ratio is presently 56.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Hovde Group lowered their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Keefe, Bruyette & Woods raised their price target on shares of 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, Raymond James cut their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.00.

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.