Atlantic Union Bankshares Co. $AUB Shares Sold by Kestra Advisory Services LLC

Kestra Advisory Services LLC decreased its position in shares of Atlantic Union Bankshares Co. (NYSE:AUB) by 12.8% in the 1st quarter, HoldingsChannel.com reports. The fund owned 99,320 shares of the company’s stock after selling 14,630 shares during the quarter. Kestra Advisory Services LLC’s holdings in Atlantic Union Bankshares were worth $3,550,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of AUB. 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 acquired a new position in Atlantic Union Bankshares in the 4th quarter worth approximately $39,000. EverSource Wealth Advisors LLC boosted its position in shares of Atlantic Union Bankshares by 504.7% in the second 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 during the period. Farther Finance Advisors LLC grew its position in Atlantic Union Bankshares by 138.9% during the fourth quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock valued at $73,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Johnson Financial Group Inc. purchased a new position in Atlantic Union Bankshares in the third quarter valued at about $77,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 1.4%

Shares of NYSE AUB opened at $42.64 on Friday. The company’s 50 day simple moving average is $39.46 and its 200 day simple moving average is $38.24. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.92 and a quick ratio of 0.92. The firm has a market capitalization of $6.10 billion, a P/E ratio of 18.07 and a beta of 0.79. Atlantic Union Bankshares Co. has a fifty-two week low of $30.39 and a fifty-two week high of $43.62.

Atlantic Union Bankshares (NYSE:AUB) last announced its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 10.74% and a net margin of 15.50%.The company had revenue of $371.71 million for the quarter, compared to analyst estimates of $391.24 million. During the same period last year, the firm earned $0.90 earnings per share. On average, analysts predict that Atlantic Union Bankshares Co. will post 3.74 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis 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 currently 62.71%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on AUB shares. Piper Sandler increased their price objective on Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a report on Thursday, June 11th. Zacks Research cut Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley lifted their price objective on Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a report on Monday, June 29th. TD Cowen boosted their target price on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Finally, Weiss Ratings assumed coverage on Atlantic Union Bankshares in a research report on Monday, July 6th. They set a “buy (b-)” rating on the stock. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.62.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Nancy H. Agee bought 650 shares of the firm’s stock in a transaction on Monday, April 20th. The stock was purchased at an average cost of $39.05 per share, with a total value of $25,382.50. Following the completion of the purchase, the director owned 37,797 shares in the company, valued at approximately $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 SEC, which is available at the SEC website. Insiders own 0.96% of the company’s stock.

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.