Nadler Financial Group Inc. Invests $386,000 in Atlantic Union Bankshares Co. $AUB

Nadler Financial Group Inc. acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the 2nd quarter, HoldingsChannel.com reports. The institutional investor acquired 12,325 shares of the company’s stock, valued at approximately $386,000.

A number of other large investors have also bought and sold shares of AUB. CWM LLC grew its holdings in Atlantic Union Bankshares by 99.4% in the first quarter. CWM LLC now owns 1,049 shares of the company’s stock worth $33,000 after purchasing an additional 523 shares during the period. Fifth Third Bancorp grew its holdings in Atlantic Union Bankshares by 50.2% in the second quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock worth $64,000 after purchasing an additional 686 shares during the period. Concord Wealth Partners grew its holdings in Atlantic Union Bankshares by 304.1% in the first quarter. Concord Wealth Partners now owns 2,728 shares of the company’s stock worth $85,000 after purchasing an additional 2,053 shares during the period. ORG Wealth Partners LLC acquired a new stake in Atlantic Union Bankshares in the first quarter worth $100,000. Finally, Signaturefd LLC grew its holdings in Atlantic Union Bankshares by 731.9% in the second quarter. Signaturefd LLC now owns 3,577 shares of the company’s stock worth $112,000 after purchasing an additional 3,147 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on AUB shares. Cowen started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, September 24th. They issued a “buy” rating for the company. National Bankshares set a $46.00 price objective on shares of Atlantic Union Bankshares in a research note on Wednesday, September 24th. Piper Sandler dropped their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “overweight” rating on the stock in a research note on Friday, July 25th. Raymond James Financial reaffirmed a “strong-buy” rating and issued a $43.00 price objective (up from $42.00) on shares of Atlantic Union Bankshares in a research note on Friday, October 3rd. Finally, TD Cowen began coverage on shares of Atlantic Union Bankshares in a research note on Thursday, September 25th. They issued a “buy” rating and a $46.00 price objective on the stock. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $41.56.

Atlantic Union Bankshares Stock Up 3.1%

AUB opened at $34.60 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company’s 50-day moving average is $34.84 and its 200 day moving average is $31.60. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The firm has a market capitalization of $4.93 billion, a P/E ratio of 15.11 and a beta of 0.87.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Thursday, July 24th. The company reported $0.95 earnings per share for the quarter, beating analysts’ consensus estimates of $0.80 by $0.15. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $377.22 million for the quarter, compared to analyst estimates of $369.70 million. During the same period last year, the firm earned $0.63 earnings per share. The firm’s revenue was up 92.0% on a year-over-year basis. Research analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend was Monday, August 4th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 66.02%.

Insider Transactions at Atlantic Union Bankshares

In other news, CEO John C. Asbury purchased 7,500 shares of the company’s stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average cost of $32.91 per share, with a total value of $246,825.00. Following the completion of the transaction, the chief executive officer directly owned 270,532 shares of the company’s stock, valued at approximately $8,903,208.12. This trade represents a 2.85% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Frank Russell Ellett purchased 5,000 shares of the company’s stock in a transaction that occurred on Thursday, August 7th. The shares were purchased at an average cost of $31.54 per share, for a total transaction of $157,700.00. Following the completion of the transaction, the director directly owned 76,606 shares of the company’s stock, valued at $2,416,153.24. This represents a 6.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have purchased 18,941 shares of company stock worth $606,502 over the last three months. 0.87% of the stock is owned by insiders.

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.