Campbell & CO Investment Adviser LLC Grows Position in 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 raised its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 135.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. 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 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. NBC Securities Inc. purchased a new stake in Atlantic Union Bankshares during the first quarter valued at about $25,000. CWM LLC lifted 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 valued at $33,000 after purchasing an additional 523 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in Atlantic Union Bankshares during the fourth quarter valued at about $72,000. Concord Wealth Partners lifted 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 valued at $85,000 after purchasing an additional 2,053 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Atlantic Union Bankshares during the first quarter valued at about $100,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AUB shares. Piper Sandler lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating on the stock in a report on Friday, July 25th. Keefe, Bruyette & Woods increased their price target on shares of Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a "market perform" rating in a report on Monday, August 4th. Jefferies Financial Group set a $37.00 price target on shares of Atlantic Union Bankshares and gave the stock a "buy" rating in a report on Wednesday, May 21st. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Atlantic Union Bankshares in a report on Wednesday, July 30th. One research analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have assigned a Hold rating to the stock. According to data from MarketBeat, Atlantic Union Bankshares currently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Atlantic Union Bankshares Trading Up 5.9%

Shares of Atlantic Union Bankshares stock opened at $35.2870 on Monday. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The company has a market cap of $5.03 billion, a price-to-earnings ratio of 15.41 and a beta of 0.88. 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's 50-day moving average price is $32.46 and its 200-day moving average price is $31.35.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its 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. The business had revenue of $377.22 million for the quarter, compared to the consensus estimate of $369.70 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. Atlantic Union Bankshares's quarterly revenue was up 92.0% on a year-over-year basis. During the same period last year, the firm posted $0.63 earnings per share. On average, equities analysts expect 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 announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend was Monday, August 4th. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 66.02%.

Insider Buying and Selling

In related news, Director Frank Russell Ellett bought 1,441 shares of the stock in a transaction that occurred on Friday, August 8th. The shares were acquired at an average cost of $31.49 per share, with a total value of $45,377.09. Following the completion of the purchase, the director directly owned 78,047 shares of the company's stock, valued at $2,457,700.03. This trade represents a 1.88% increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO John C. Asbury bought 7,500 shares of the stock in a transaction that occurred on Monday, July 28th. The stock was bought at an average cost of $32.91 per share, for a total transaction of $246,825.00. Following the completion of the purchase, 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 purchased 18,941 shares of company stock worth $606,502 over the last ninety days. 0.87% of the stock is currently owned by insiders.

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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