Jefferies Financial Group Inc. Makes New Investment in Atlantic Union Bankshares Co. $AUB

Jefferies Financial Group Inc. acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 189,970 shares of the company’s stock, valued at approximately $6,706,000.

Several other hedge funds have also bought and sold shares of AUB. IFP Advisors Inc boosted its position in Atlantic Union Bankshares by 362.5% in the 4th quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $26,000 after purchasing an additional 580 shares in the last quarter. Westside Investment Management Inc. boosted its position in Atlantic Union Bankshares by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after purchasing an additional 390 shares in the last quarter. EverSource Wealth Advisors LLC boosted its position in Atlantic Union Bankshares by 504.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock worth $48,000 after purchasing an additional 1,287 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares during the 3rd quarter valued at approximately $50,000. Finally, UMB Bank n.a. lifted its position in shares of Atlantic Union Bankshares by 32.5% during the 3rd 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 in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.0%

Shares of AUB opened at $37.55 on Tuesday. Atlantic Union Bankshares Co. has a 52-week low of $28.11 and a 52-week high of $42.18. The company has a market capitalization of $5.37 billion, a PE ratio of 16.40 and a beta of 0.80. The stock has a fifty day simple moving average of $36.74 and a two-hundred day simple moving average of $36.69. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The company had revenue of $371.71 million during the quarter, compared to analyst estimates of $391.24 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same period last year, the business earned $0.90 earnings per share. As a group, equities analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date is Friday, May 22nd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 62.71%.

Wall Street Analyst Weigh In

Several equities analysts have issued reports on AUB shares. Stephens increased their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Zacks Research downgraded shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Morgan Stanley raised their price target on shares of 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. Piper Sandler lowered their price objective on Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. Finally, TD Cowen boosted their price objective on Atlantic Union Bankshares from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $43.63.

Insider Buying and Selling

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

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.