7,809 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Purchased by 1492 Capital Management LLC

1492 Capital Management LLC purchased a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 7,809 shares of the company's stock, valued at approximately $243,000.

Several other institutional investors and hedge funds have also made changes to their positions in the company. HighPoint Advisor Group LLC lifted its holdings in shares of Atlantic Union Bankshares by 5.2% in the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock worth $244,000 after purchasing an additional 312 shares during the last quarter. Xponance Inc. increased its position in Atlantic Union Bankshares by 5.8% in the 1st quarter. Xponance Inc. now owns 6,798 shares of the company's stock valued at $212,000 after acquiring an additional 374 shares during the period. CWM LLC increased its position in Atlantic Union Bankshares by 99.4% in the 1st quarter. CWM LLC now owns 1,049 shares of the company's stock valued at $33,000 after acquiring an additional 523 shares during the period. OneDigital Investment Advisors LLC increased its position in Atlantic Union Bankshares by 8.7% in the 1st quarter. OneDigital Investment Advisors LLC now owns 6,619 shares of the company's stock valued at $206,000 after acquiring an additional 527 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its position in Atlantic Union Bankshares by 1.9% in the 1st quarter. Oppenheimer Asset Management Inc. now owns 30,755 shares of the company's stock valued at $958,000 after acquiring an additional 575 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the company. Jefferies Financial Group set a $37.00 price target on Atlantic Union Bankshares and gave the company a "buy" rating in a research report on Wednesday, May 21st. Raymond James Financial upgraded Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and lifted their price target for the company from $37.00 to $41.00 in a research report on Tuesday, June 10th. Morgan Stanley assumed coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target on the stock. Piper Sandler lowered their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating on the stock in a research report on Friday. Finally, Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a report on Monday, April 28th. Two equities research analysts have rated the stock with a hold rating, three have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $38.00.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB traded down $0.01 during mid-day trading on Friday, reaching $33.08. The company had a trading volume of 1,127,331 shares, compared to its average volume of 1,471,518. 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 stock has a market cap of $4.71 billion, a PE ratio of 14.44 and a beta of 0.86. The company has a 50-day moving average price of $31.45 and a two-hundred day moving average price of $32.03. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last issued its quarterly earnings results on Thursday, July 24th. The company reported $0.95 earnings per share for the quarter, beating analysts' consensus estimates 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 business had revenue of $377.22 million for the quarter, compared to the consensus estimate of $369.70 million. During the same quarter in the previous year, the company posted $0.63 earnings per share. Atlantic Union Bankshares's revenue for the quarter was up 92.0% compared to the same quarter last year. On average, equities analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 4th will be given a dividend of $0.34 per share. The ex-dividend date is Monday, August 4th. This represents a $1.36 dividend on an annualized basis and a yield of 4.11%. Atlantic Union Bankshares's payout ratio is 66.02%.

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.