Hantz Financial Services Inc. Buys 29,801 Shares of Atlantic Union Bankshares Co. $AUB

Hantz Financial Services Inc. boosted its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 110.8% in the second quarter, HoldingsChannel reports. The firm owned 56,689 shares of the company’s stock after acquiring an additional 29,801 shares during the period. Hantz Financial Services Inc.’s holdings in Atlantic Union Bankshares were worth $1,773,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also added to or reduced their stakes in AUB. Curio Wealth LLC bought a new stake in Atlantic Union Bankshares in the 2nd quarter worth approximately $28,000. CWM LLC grew its position in Atlantic Union Bankshares by 99.4% in the 1st 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 position in shares of Atlantic Union Bankshares by 50.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock valued at $64,000 after acquiring an additional 686 shares during the period. Concord Wealth Partners grew its position in shares of Atlantic Union Bankshares by 304.1% during the 1st quarter. Concord Wealth Partners now owns 2,728 shares of the company’s stock valued at $85,000 after acquiring an additional 2,053 shares during the period. Finally, Bessemer Group Inc. grew its position in shares of Atlantic Union Bankshares by 577.9% during the 2nd quarter. Bessemer Group Inc. now owns 2,759 shares of the company’s stock valued at $87,000 after acquiring an additional 2,352 shares during the period. Institutional investors own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

AUB has been the subject of a number of recent research reports. Cowen reissued a “buy” rating on shares of Atlantic Union Bankshares in a research report on Monday. National Bankshares set a $46.00 price objective on shares of Atlantic Union Bankshares in a research report on Wednesday, September 24th. Piper Sandler cut their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating for the company in a research report on Friday, October 24th. TD Cowen cut their price objective on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a “buy” rating for the company in a research report on Monday, October 27th. Finally, Janney Montgomery Scott initiated coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, October 8th. They set a “buy” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating, one has issued a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $40.61.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Frank Russell Ellett bought 5,000 shares of the stock in a transaction that occurred on Thursday, August 7th. The shares were bought at an average price of $31.54 per share, for a total transaction of $157,700.00. Following the purchase, the director owned 76,606 shares in the company, valued at $2,416,153.24. This represents a 6.98% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. In the last 90 days, insiders have acquired 11,441 shares of company stock worth $359,677. 0.87% of the stock is currently owned by insiders.

Atlantic Union Bankshares Stock Up 0.2%

AUB opened at $32.53 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The firm’s fifty day moving average is $35.01 and its 200 day moving average is $32.28. The stock has a market cap of $4.64 billion, a price-to-earnings ratio of 14.20 and a beta of 0.87.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Thursday, October 23rd. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $319.21 million for the quarter, compared to analysts’ expectations of $377.92 million. During the same quarter last year, the firm posted $0.83 EPS. The firm’s quarterly revenue was up 69.8% compared to the same quarter last year. On average, sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, November 28th. Investors of record on Friday, November 14th will be paid a dividend of $0.37 per share. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 14th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.5%. Atlantic Union Bankshares’s dividend payout ratio is presently 72.73%.

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.