Cerity Partners LLC Acquires 12,564 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Cerity Partners LLC raised its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 24.9% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 63,097 shares of the company's stock after buying an additional 12,564 shares during the period. Cerity Partners LLC owned about 0.07% of Atlantic Union Bankshares worth $1,965,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC purchased a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth about $392,000. Raymond James Financial Inc. purchased a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth about $6,923,000. HighTower Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 15.8% in the 4th quarter. HighTower Advisors LLC now owns 18,784 shares of the company's stock worth $712,000 after purchasing an additional 2,561 shares during the period. Natixis Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 23.4% in the 4th quarter. Natixis Advisors LLC now owns 74,976 shares of the company's stock worth $2,840,000 after purchasing an additional 14,194 shares during the period. Finally, Envestnet Portfolio Solutions Inc. lifted its position in shares of Atlantic Union Bankshares by 14.7% in the 4th quarter. Envestnet Portfolio Solutions Inc. now owns 14,366 shares of the company's stock worth $544,000 after purchasing an additional 1,837 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock traded down $0.64 during trading hours on Thursday, reaching $33.04. The company had a trading volume of 552,082 shares, compared to its average volume of 1,465,638. The business has a fifty day moving average price of $31.31 and a 200-day moving average price of $32.10. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54. The firm has a market cap of $4.71 billion, a PE ratio of 14.43 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its quarterly earnings results on Thursday, July 24th. The company reported $0.95 EPS for the quarter, topping analysts' consensus estimates of $0.83 by $0.12. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period last year, the firm earned $0.63 earnings per share. Atlantic Union Bankshares's revenue for the quarter was up 92.0% on a year-over-year basis. Sell-side analysts predict that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 6th. Stockholders of record on Friday, May 23rd were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, May 23rd. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.12%. Atlantic Union Bankshares's dividend payout ratio is presently 62.10%.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Keefe, Bruyette & Woods decreased their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a research note on Monday, April 28th. Jefferies Financial Group set a $37.00 price target on shares of Atlantic Union Bankshares and gave the stock a "buy" rating in a research note on Wednesday, May 21st. Raymond James Financial upgraded shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and increased their price target for the stock from $37.00 to $41.00 in a research note on Tuesday, June 10th. Finally, Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price objective for the company. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and an average target price of $39.00.

Atlantic Union Bankshares Company 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.