Atlantic Union Bankshares Co. (NASDAQ:AUB) Holdings Raised by MML Investors Services LLC

MML Investors Services LLC boosted its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 11.0% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,797 shares of the company’s stock after buying an additional 869 shares during the period. MML Investors Services LLC’s holdings in Atlantic Union Bankshares were worth $331,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of AUB. Natixis Advisors LLC boosted its holdings in shares of Atlantic Union Bankshares by 24.2% in the third quarter. Natixis Advisors LLC now owns 60,782 shares of the company’s stock valued at $2,290,000 after acquiring an additional 11,832 shares in the last quarter. Dynamic Technology Lab Private Ltd bought a new position in Atlantic Union Bankshares during the 3rd quarter valued at $591,000. BNP Paribas Financial Markets increased its position in shares of Atlantic Union Bankshares by 95.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock valued at $1,331,000 after purchasing an additional 17,265 shares during the period. Renaissance Technologies LLC bought a new stake in shares of Atlantic Union Bankshares in the 2nd quarter worth $4,096,000. Finally, Intech Investment Management LLC acquired a new stake in shares of Atlantic Union Bankshares in the third quarter valued at $526,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on AUB shares. Hovde Group lowered their target price 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. Keefe, Bruyette & Woods boosted their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, Raymond James cut their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Atlantic Union Bankshares Trading Up 0.8 %

NASDAQ:AUB opened at $38.26 on Wednesday. The stock has a fifty day simple moving average of $40.38 and a 200 day simple moving average of $37.88. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $3.43 billion, a price-to-earnings ratio of 15.88 and a beta of 0.91. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results 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. The business had revenue of $358.81 million for the quarter, compared to the consensus estimate 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 earnings per share. Sell-side analysts forecast that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a $0.34 dividend. The ex-dividend date was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.55%. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. 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.