Inspire Investing LLC lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report) by 1,372.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 47,912 shares of the company’s stock after acquiring an additional 44,657 shares during the quarter. Inspire Investing LLC’s holdings in Atlantic Union Bankshares were worth $1,712,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently added to or reduced their stakes in the company. IFP Advisors Inc boosted its stake in Atlantic Union Bankshares by 362.5% during the 4th quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $26,000 after purchasing an additional 580 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth $39,000. EverSource Wealth Advisors LLC raised its stake in shares of Atlantic Union Bankshares by 504.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock worth $48,000 after buying an additional 1,287 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 138.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock valued at $73,000 after buying an additional 1,200 shares during the period. Finally, Johnson Financial Group Inc. acquired a new stake in shares of Atlantic Union Bankshares in the third quarter valued at $77,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.
Atlantic Union Bankshares Trading Up 0.2%
Shares of NASDAQ AUB opened at $42.34 on Wednesday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 12 month low of $30.39 and a 12 month high of $42.53. The company has a market cap of $6.06 billion, a price-to-earnings ratio of 18.49 and a beta of 0.80. The business has a fifty day simple moving average of $38.34 and a 200-day simple moving average of $37.75.
Atlantic Union Bankshares Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.5%. The ex-dividend date of this dividend was Friday, May 22nd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 62.71%.
Insider Buying and Selling at Atlantic Union Bankshares
In other news, Director Nancy H. Agee purchased 650 shares of the business’s stock in a transaction dated Monday, April 20th. The shares were acquired at an average price of $39.05 per share, for a total transaction of $25,382.50. Following the completion of the acquisition, the director directly owned 37,797 shares of the company’s stock, valued at $1,475,972.85. The trade was a 1.75% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is currently owned by company insiders.
Wall Street Analyst Weigh In
Several brokerages recently weighed in on AUB. Stephens reaffirmed an “overweight” rating and set a $46.00 target price on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Piper Sandler upped their price target on shares of Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Morgan Stanley upped their price target on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, TD Cowen lifted their price objective on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Four equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and an average target price of $43.62.
View Our Latest Stock Analysis on AUB
Atlantic Union Bankshares Profile
Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.
Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.
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