UBS Group AG Purchases 46,867 Shares of Atlantic Union Bankshares Co. $AUB

UBS Group AG lifted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUBFree Report) by 10.9% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 475,259 shares of the company’s stock after purchasing an additional 46,867 shares during the quarter. UBS Group AG’s holdings in Atlantic Union Bankshares were worth $16,777,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in the company. Walleye Capital LLC boosted its position in shares of Atlantic Union Bankshares by 1.5% during the second quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock valued at $688,000 after purchasing an additional 322 shares in the last quarter. Westside Investment Management Inc. raised its stake in Atlantic Union Bankshares by 100.0% during the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after buying an additional 390 shares during the last quarter. UMB Bank n.a. raised its stake in Atlantic Union Bankshares by 32.5% during the third quarter. UMB Bank n.a. now owns 1,660 shares of the company’s stock valued at $59,000 after buying an additional 407 shares during the last quarter. Choreo LLC raised its stake in Atlantic Union Bankshares by 5.2% during the third quarter. Choreo LLC now owns 8,282 shares of the company’s stock valued at $292,000 after buying an additional 408 shares during the last quarter. Finally, Nisa Investment Advisors LLC raised its stake in Atlantic Union Bankshares by 4.9% during the third quarter. Nisa Investment Advisors LLC now owns 10,451 shares of the company’s stock valued at $369,000 after buying an additional 485 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Stock Up 0.2%

AUB stock opened at $37.08 on Wednesday. Atlantic Union Bankshares Co. has a 1-year low of $28.11 and a 1-year high of $42.18. The business has a fifty day moving average price of $36.56 and a 200-day moving average price of $36.44. 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 stock has a market capitalization of $5.31 billion, a P/E ratio of 16.19 and a beta of 0.80.

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) last posted its quarterly earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $371.71 million during the quarter, compared to analysts’ expectations of $391.24 million. During the same quarter in the prior year, the firm earned $0.90 EPS. Equities analysts forecast 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 disclosed a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a $0.37 dividend. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.48 annualized dividend and a dividend yield of 4.0%. Atlantic Union Bankshares’s payout ratio is presently 62.71%.

Insider Activity at Atlantic Union Bankshares

In other news, Director Nancy H. Agee acquired 650 shares of the business’s stock in a transaction that occurred on Monday, April 20th. The stock was bought at an average price of $39.05 per share, with a total value of $25,382.50. Following the completion of the acquisition, the director directly owned 37,797 shares of the company’s stock, valued at approximately $1,475,972.85. The trade was a 1.75% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.96% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

AUB has been the subject of a number of recent research reports. Stephens lifted their price objective on Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. TD Cowen lifted their price objective on Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday. Morgan Stanley lifted their price objective on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Zacks Research cut Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Piper Sandler lowered their price objective on Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating for the company in a research note on Wednesday, April 22nd. Five analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $42.89.

Get Our Latest Stock Analysis on AUB

Atlantic Union Bankshares Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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