XTX Topco Ltd Acquires Shares of 71,976 Atlantic Union Bankshares Co. $AUB

XTX Topco Ltd acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 71,976 shares of the company’s stock, valued at approximately $2,251,000. XTX Topco Ltd owned about 0.05% of Atlantic Union Bankshares at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in Atlantic Union Bankshares by 8.9% during the first quarter. Vanguard Group Inc. now owns 11,932,493 shares of the company’s stock valued at $371,578,000 after purchasing an additional 978,793 shares during the period. Geode Capital Management LLC boosted its position in Atlantic Union Bankshares by 59.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,375,225 shares of the company’s stock worth $105,589,000 after purchasing an additional 1,255,064 shares in the last quarter. Franklin Resources Inc. lifted its stake in shares of Atlantic Union Bankshares by 96.8% in the 2nd quarter. Franklin Resources Inc. now owns 3,313,002 shares of the company’s stock valued at $103,631,000 after purchasing an additional 1,629,591 shares during the period. Ameriprise Financial Inc. grew its position in Atlantic Union Bankshares by 6.3% during the first quarter. Ameriprise Financial Inc. now owns 2,751,341 shares of the company’s stock valued at $85,676,000 after buying an additional 163,451 shares during the period. Finally, Westwood Holdings Group Inc. grew its position in Atlantic Union Bankshares by 10.4% during the second quarter. Westwood Holdings Group Inc. now owns 2,376,734 shares of the company’s stock valued at $74,344,000 after buying an additional 224,267 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $34.04 on Thursday. The stock has a market capitalization of $4.85 billion, a price-to-earnings ratio of 14.86 and a beta of 0.93. Atlantic Union Bankshares Co. has a 52 week low of $22.85 and a 52 week high of $43.44. The firm has a 50-day simple moving average of $34.02 and a 200-day simple moving average of $33.02. 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 posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.84 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.02). The company had revenue of $319.21 million during the quarter, compared to analyst estimates of $377.92 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. Atlantic Union Bankshares’s revenue for the quarter was up 69.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.83 EPS. On average, equities analysts predict that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 28th. Stockholders of record on Friday, November 14th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, November 14th. This represents a $1.48 annualized dividend and a dividend yield of 4.3%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. Atlantic Union Bankshares’s payout ratio is presently 79.14%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on AUB shares. National Bankshares set a $46.00 target price on shares of Atlantic Union Bankshares in a research note on Wednesday, September 24th. Morgan Stanley upped their price target on Atlantic Union Bankshares from $35.00 to $41.00 and gave the stock an “underperform” rating in a report on Monday, September 29th. Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a research report on Monday, October 27th. Janney Montgomery Scott started coverage on Atlantic Union Bankshares in a research report on Wednesday, October 8th. They issued a “buy” rating and a $42.00 price objective for the company. Finally, TD Cowen reduced their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday, October 27th. One analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $40.61.

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.