Uncommon Cents Investing LLC Sells 495 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Uncommon Cents Investing LLC trimmed its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.9% during the fourth quarter, Holdings Channel reports. The fund owned 16,485 shares of the company’s stock after selling 495 shares during the quarter. Uncommon Cents Investing LLC’s holdings in Atlantic Union Bankshares were worth $602,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in the stock. Huntington National Bank increased its position in Atlantic Union Bankshares by 211.1% in the 2nd quarter. Huntington National Bank now owns 1,089 shares of the company’s stock worth $28,000 after buying an additional 739 shares during the period. Covestor Ltd grew its holdings in shares of Atlantic Union Bankshares by 95.0% during the 3rd quarter. Covestor Ltd now owns 1,053 shares of the company’s stock worth $30,000 after purchasing an additional 513 shares in the last quarter. Ronald Blue Trust Inc. grew its holdings in shares of Atlantic Union Bankshares by 556.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company’s stock worth $36,000 after purchasing an additional 1,164 shares in the last quarter. Ensign Peak Advisors Inc acquired a new stake in shares of Atlantic Union Bankshares during the 3rd quarter worth approximately $58,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth approximately $64,000. 78.58% of the stock is owned by institutional investors.

Insider Activity at Atlantic Union Bankshares

In related news, Director Donald R. Kimble purchased 7,000 shares of Atlantic Union Bankshares stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $35.13 per share, with a total value of $245,910.00. Following the completion of the transaction, the director now owns 7,582 shares of the company’s stock, valued at approximately $266,355.66. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 0.87% of the stock is currently owned by corporate insiders.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock traded down $0.22 on Thursday, reaching $35.31. The company’s stock had a trading volume of 703,815 shares, compared to its average volume of 321,140. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The company has a market cap of $2.65 billion, a price-to-earnings ratio of 13.99 and a beta of 0.93. The business’s fifty day moving average price is $34.09 and its 200 day moving average price is $32.54. Atlantic Union Bankshares Co. has a twelve month low of $23.32 and a twelve month high of $37.86.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, January 23rd. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $289.46 million during the quarter, compared to the consensus estimate of $179.72 million. Atlantic Union Bankshares had a return on equity of 9.51% and a net margin of 19.31%. During the same quarter in the previous year, the company posted $0.90 earnings per share. Equities analysts expect that Atlantic Union Bankshares Co. will post 3.18 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.32 dividend. The ex-dividend date was Thursday, February 8th. This represents a $1.28 dividend on an annualized basis and a yield of 3.63%. Atlantic Union Bankshares’s dividend payout ratio is presently 50.39%.

Analysts Set New Price Targets

Separately, Raymond James boosted their price target on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, January 5th.

Atlantic Union Bankshares 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.