Uncommon Cents Investing LLC Reduces Stock Position in Atlantic Union Bankshares Co. $AUB

Uncommon Cents Investing LLC reduced its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.3% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 14,465 shares of the company’s stock after selling 651 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Atlantic Union Bankshares were worth $452,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also made changes to their positions in AUB. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in Atlantic Union Bankshares by 11.5% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 227,300 shares of the company’s stock valued at $8,610,000 after acquiring an additional 23,461 shares during the last quarter. GTS Securities LLC acquired a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at about $204,000. Wellington Management Group LLP bought a new position in shares of Atlantic Union Bankshares during the fourth quarter worth about $2,580,000. GAMMA Investing LLC grew its stake in Atlantic Union Bankshares by 2,412.4% in the first quarter. GAMMA Investing LLC now owns 33,289 shares of the company’s stock worth $1,069,000 after purchasing an additional 31,964 shares in the last quarter. Finally, NBC Securities Inc. bought a new stake in shares of Atlantic Union Bankshares in the 1st quarter valued at approximately $25,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 0.9%

Shares of NASDAQ:AUB opened at $35.95 on Monday. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $5.12 billion, a P/E ratio of 15.70 and a beta of 0.90. The firm has a fifty day moving average of $34.23 and a two-hundred day moving average of $31.36.

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

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a $0.34 dividend. The ex-dividend date was Monday, August 4th. This represents a $1.36 dividend on an annualized basis and a yield of 3.8%. Atlantic Union Bankshares’s dividend payout ratio is currently 66.02%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AUB. TD Cowen initiated coverage on shares of Atlantic Union Bankshares in a research report on Thursday. They set a “buy” rating and a $46.00 price objective for the company. National Bankshares set a $46.00 price objective on shares of Atlantic Union Bankshares in a research note on Wednesday. Cowen started coverage on Atlantic Union Bankshares in a research report on Wednesday. They issued a “buy” rating for the company. Raymond James Financial reissued a “strong-buy” rating on shares of Atlantic Union Bankshares in a report on Wednesday, July 30th. Finally, Piper Sandler reduced their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, July 25th. One investment analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and two have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $40.25.

Insider Activity at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, CEO John C. Asbury acquired 7,500 shares of Atlantic Union Bankshares stock in a transaction that occurred on Monday, July 28th. The stock was acquired at an average price of $32.91 per share, with a total value of $246,825.00. Following the purchase, the chief executive officer owned 270,532 shares in the company, valued at approximately $8,903,208.12. This trade represents a 2.85% increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Frank Russell Ellett acquired 5,000 shares of the firm’s stock in a transaction that occurred on Thursday, August 7th. The stock was acquired at an average price of $31.54 per share, with a total value of $157,700.00. Following the completion of the acquisition, 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 position. The disclosure for this purchase can be found here. In the last ninety days, insiders have purchased 18,941 shares of company stock worth $606,502. Insiders own 0.87% of the company’s stock.

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.