14,589 Shares in Atlantic Union Bankshares Co. $AUB Purchased by EntryPoint Capital LLC

Key Points

• EntryPoint Capital LLC recently acquired a new stake in Atlantic Union Bankshares, purchasing 14,589 shares valued at approximately $454,000 during the 1st quarter.
• In the 1st quarter, institutional investors collectively own 78.58% of Atlantic Union Bankshares, indicating significant institutional interest in the company.
• Atlantic Union Bankshares reported an EPS of $0.95 for the last quarter, surpassing estimates by $0.15, with revenue increasing by 92.0% year-over-year to $377.22 million.

EntryPoint Capital LLC bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 14,589 shares of the company's stock, valued at approximately $454,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in Atlantic Union Bankshares during the first quarter worth about $25,000. CWM LLC raised its holdings in Atlantic Union Bankshares by 99.4% during the first quarter. CWM LLC now owns 1,049 shares of the company's stock worth $33,000 after acquiring an additional 523 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in Atlantic Union Bankshares during the fourth quarter worth about $72,000. Concord Wealth Partners raised its holdings in Atlantic Union Bankshares by 304.1% during the first quarter. Concord Wealth Partners now owns 2,728 shares of the company's stock worth $85,000 after acquiring an additional 2,053 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Atlantic Union Bankshares in the first quarter valued at approximately $100,000. Institutional investors own 78.58% of the company's stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on AUB shares. Jefferies Financial Group set a $37.00 price objective on Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Raymond James Financial restated a "strong-buy" rating on shares of Atlantic Union Bankshares in a research note on Wednesday, July 30th. Keefe, Bruyette & Woods upped their price objective on Atlantic Union Bankshares from $33.00 to $34.00 and gave the company a "market perform" rating in a research note on Monday, August 4th. Finally, Piper Sandler dropped their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday, July 25th. One analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have issued a Hold rating to the stock. Based on data from MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of "Moderate Buy" and a consensus price target of $38.33.

Insider Activity at Atlantic Union Bankshares

In related news, Director Frank Russell Ellett purchased 5,000 shares of Atlantic Union Bankshares stock in a transaction that occurred on Thursday, August 7th. The shares were acquired at an average price of $31.54 per share, with a total value of $157,700.00. Following the completion of the transaction, the director directly owned 76,606 shares of the company's stock, valued at $2,416,153.24. This represents a 6.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO John C. Asbury purchased 7,500 shares of Atlantic Union Bankshares stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average cost of $32.91 per share, for a total transaction of $246,825.00. Following the transaction, the chief executive officer directly owned 270,532 shares of the company's stock, valued at $8,903,208.12. This represents a 2.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders bought 18,941 shares of company stock worth $606,502 in the last ninety days. 1.16% of the stock is owned by company insiders.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock opened at $33.6160 on Thursday. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $44.54. The stock's 50 day moving average is $32.34 and its 200-day moving average is $31.50. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $4.79 billion, a price-to-earnings ratio of 14.68 and a beta of 0.88.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its earnings results on Thursday, July 24th. The company reported $0.95 EPS for the quarter, beating the consensus estimate of $0.80 by $0.15. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The company had revenue of $377.22 million for the quarter, compared to the consensus estimate of $369.70 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. The firm's revenue for the quarter was up 92.0% on a year-over-year basis. Equities research analysts expect 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 was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were given a $0.34 dividend. The ex-dividend date of this dividend was Monday, August 4th. This represents a $1.36 annualized dividend and a dividend yield of 4.0%. Atlantic Union Bankshares's dividend payout ratio is presently 66.02%.

About Atlantic Union Bankshares

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.

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