Rafferty Asset Management LLC Sells 14,933 Shares of Atlantic Union Bankshares Co. $AUB

Rafferty Asset Management LLC lessened its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 6.6% during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 212,461 shares of the company’s stock after selling 14,933 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.15% of Atlantic Union Bankshares worth $7,498,000 at the end of the most recent reporting period.

Other hedge funds also recently made changes to their positions in the company. AQR Capital Management LLC increased its holdings in shares of Atlantic Union Bankshares by 634.3% during the 1st quarter. AQR Capital Management LLC now owns 41,902 shares of the company’s stock worth $1,305,000 after acquiring an additional 36,196 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its holdings in Atlantic Union Bankshares by 4.6% during the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company’s stock valued at $1,658,000 after purchasing an additional 2,322 shares during the last quarter. Goldman Sachs Group Inc. boosted its position in Atlantic Union Bankshares by 36.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock worth $66,548,000 after purchasing an additional 565,564 shares during the period. Empowered Funds LLC acquired a new position in shares of Atlantic Union Bankshares in the first quarter valued at $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC raised its position in shares of Atlantic Union Bankshares by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company’s stock valued at $7,766,000 after purchasing an additional 22,078 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Trading Up 1.5%

Shares of AUB stock opened at $37.60 on Tuesday. The stock has a market cap of $5.36 billion, a P/E ratio of 16.42 and a beta of 0.83. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $42.18. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a 50 day simple moving average of $38.51 and a 200 day simple moving average of $35.95.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, topping analysts’ consensus estimates of $0.86 by $0.11. The firm had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same quarter last year, the company earned $0.67 EPS. On average, research analysts predict that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s payout ratio is 72.55%.

Wall Street Analyst Weigh In

AUB has been the subject of a number of research reports. TD Cowen restated a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Stephens raised their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Raymond James Financial set a $45.00 target price on Atlantic Union Bankshares in a research report on Thursday, December 11th. Morgan Stanley increased their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday. Finally, Zacks Research upgraded Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $42.85.

About Atlantic Union Bankshares

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.