Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Comerica Bank

Comerica Bank decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,663 shares of the company’s stock after selling 1,876 shares during the quarter. Comerica Bank owned about 0.06% of Atlantic Union Bankshares worth $1,595,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of AUB. Dimensional Fund Advisors LP raised its position in shares of Atlantic Union Bankshares by 0.6% during the fourth quarter. Dimensional Fund Advisors LP now owns 4,917,470 shares of the company’s stock worth $179,687,000 after purchasing an additional 28,655 shares during the period. Louisiana State Employees Retirement System acquired a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth $1,370,000. Victory Capital Management Inc. raised its position in shares of Atlantic Union Bankshares by 2.9% during the fourth quarter. Victory Capital Management Inc. now owns 1,449,785 shares of the company’s stock worth $52,975,000 after purchasing an additional 40,659 shares during the period. Heritage Wealth Management LLC acquired a new stake in shares of Atlantic Union Bankshares during the fourth quarter worth $249,000. Finally, Charles Schwab Investment Management Inc. raised its position in shares of Atlantic Union Bankshares by 4.6% during the third quarter. Charles Schwab Investment Management Inc. now owns 596,051 shares of the company’s stock worth $17,154,000 after purchasing an additional 26,362 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Insiders Place Their Bets

In other news, Director Donald R. Kimble acquired 7,000 shares of Atlantic Union Bankshares stock in a transaction on Friday, March 8th. The stock was bought at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the transaction, the director now owns 7,582 shares of the company’s stock, valued at $266,355.66. The purchase was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 0.87% of the company’s stock.

Atlantic Union Bankshares Stock Up 0.1 %

Shares of AUB traded up $0.02 during trading hours on Friday, hitting $32.33. 255,137 shares of the company were exchanged, compared to its average volume of 294,345. The company has a market cap of $2.90 billion, a PE ratio of 11.89 and a beta of 0.94. The firm’s 50 day moving average is $33.45 and its 200-day moving average is $33.77. Atlantic Union Bankshares Co. has a 52 week low of $25.14 and a 52 week high of $37.86. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing the consensus estimate of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The business had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. During the same quarter in the previous year, the company earned $0.63 EPS. On average, equities research analysts forecast that Atlantic Union Bankshares Co. will post 2.95 EPS 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 7th. Shareholders of record on Friday, May 24th will be given a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.96%. Atlantic Union Bankshares’s dividend payout ratio is currently 47.06%.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on AUB shares. Piper Sandler dropped their price target on Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Stephens dropped their price target on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research report on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th.

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.