Campbell & CO Investment Adviser LLC Purchases 39,915 Shares of Atlantic Union Bankshares Co. $AUB

Key Points

• Campbell & CO Investment Adviser LLC increased its stake in Atlantic Union Bankshares Co. by 135.6% during Q1, now holding approximately $2.16 million worth of shares.
• The company reported a 92% year-over-year revenue increase and earnings per share of $0.95, surpassing consensus estimates of $0.80 during its latest earnings announcement.
• Atlantic Union Bankshares has a current quarterly dividend of $0.34, representing an annual yield of 3.9%, with a dividend payout ratio of 66.02%.

Campbell & CO Investment Adviser LLC grew its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 135.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 69,341 shares of the company's stock after purchasing an additional 39,915 shares during the quarter. Campbell & CO Investment Adviser LLC owned approximately 0.08% of Atlantic Union Bankshares worth $2,159,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Oliver Luxxe Assets LLC grew its stake in shares of Atlantic Union Bankshares by 5.3% during the 1st quarter. Oliver Luxxe Assets LLC now owns 69,924 shares of the company's stock worth $2,177,000 after acquiring an additional 3,517 shares during the period. Systematic Financial Management LP grew its stake in shares of Atlantic Union Bankshares by 3.7% during the 1st quarter. Systematic Financial Management LP now owns 543,940 shares of the company's stock worth $16,938,000 after acquiring an additional 19,475 shares during the period. Jump Financial LLC bought a new position in shares of Atlantic Union Bankshares during the 1st quarter worth $2,086,000. AlphaQuest LLC grew its stake in shares of Atlantic Union Bankshares by 493.8% during the 1st quarter. AlphaQuest LLC now owns 86,730 shares of the company's stock worth $2,701,000 after acquiring an additional 72,123 shares during the period. Finally, Ameriprise Financial Inc. grew its stake in shares of Atlantic Union Bankshares by 6.3% during the 1st quarter. Ameriprise Financial Inc. now owns 2,751,341 shares of the company's stock worth $85,676,000 after acquiring an additional 163,451 shares during the period. Institutional investors own 78.58% of the company's stock.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on AUB shares. Keefe, Bruyette & Woods increased their price target on Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a "market perform" rating in a research note on Monday, August 4th. Jefferies Financial Group set a $37.00 price target on Atlantic Union Bankshares and gave the stock 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. Finally, Piper Sandler cut their target price on Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating for the company in a research note on Friday, July 25th. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have given a Hold rating to the company's stock. According to MarketBeat.com, Atlantic Union Bankshares currently has an average rating of "Moderate Buy" and an average price target of $38.33.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, CEO John C. Asbury purchased 7,500 shares of the company's stock in a transaction dated Monday, July 28th. The stock was purchased at an average price of $32.91 per share, for a total transaction of $246,825.00. Following the transaction, the chief executive officer owned 270,532 shares in the company, valued at $8,903,208.12. The trade was a 2.85% increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Frank Russell Ellett purchased 1,441 shares of the company's stock in a transaction dated Friday, August 8th. The shares were acquired at an average price of $31.49 per share, with a total value of $45,377.09. Following the transaction, the director owned 78,047 shares in the company, valued at approximately $2,457,700.03. The trade was a 1.88% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 18,941 shares of company stock valued at $606,502. Corporate insiders own 0.87% of the company's stock.

Atlantic Union Bankshares Price Performance

NASDAQ AUB traded up $0.24 during trading hours on Friday, hitting $35.75. The company had a trading volume of 769,093 shares, compared to its average volume of 1,421,545. Atlantic Union Bankshares Co. has a 52 week low of $22.85 and a 52 week high of $44.54. The firm has a 50 day simple moving average of $32.99 and a 200 day simple moving average of $31.30. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market capitalization of $5.09 billion, a price-to-earnings ratio of 15.61 and a beta of 0.88.

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 (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.15. The firm had revenue of $377.22 million during the quarter, compared to the consensus estimate of $369.70 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The company's revenue for the quarter was up 92.0% on a year-over-year basis. During the same quarter last year, the company posted $0.63 EPS. Equities research analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date was Monday, August 4th. Atlantic Union Bankshares's dividend payout ratio (DPR) is 66.02%.

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.