Charles Schwab Investment Management Inc. boosted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 4.8% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,104,606 shares of the company's stock after acquiring an additional 50,493 shares during the quarter. Charles Schwab Investment Management Inc. owned 1.23% of Atlantic Union Bankshares worth $34,397,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AUB. NBC Securities Inc. bought a new position in Atlantic Union Bankshares during the 1st quarter valued at $25,000. CWM LLC boosted its stake in Atlantic Union Bankshares by 99.4% during the 1st quarter. CWM LLC now owns 1,049 shares of the company's stock valued at $33,000 after purchasing an additional 523 shares in the last quarter. Investment Management Corp VA ADV bought a new position in Atlantic Union Bankshares during the 4th quarter valued at $72,000. Concord Wealth Partners boosted its stake in Atlantic Union Bankshares by 304.1% during the 1st 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 in the last quarter. Finally, ORG Wealth Partners LLC bought a new position in Atlantic Union Bankshares during the 1st quarter valued at $100,000. 78.58% of the stock is owned by institutional investors.
Insider Buying and Selling at Atlantic Union Bankshares
In related news, Director Frank Russell Ellett bought 1,441 shares of the business's stock in a transaction on Friday, August 8th. The shares were bought at an average cost of $31.49 per share, for a total transaction of $45,377.09. Following the completion of the acquisition, the director directly owned 78,047 shares in the company, valued at approximately $2,457,700.03. This represents a 1.88% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John C. Asbury bought 7,500 shares of the business's stock in a transaction on Monday, July 28th. The shares were bought at an average price of $32.91 per share, for a total transaction of $246,825.00. Following the completion of the acquisition, the chief executive officer owned 270,532 shares of the company's stock, valued at approximately $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. Over the last quarter, insiders have purchased 18,941 shares of company stock valued at $606,502. 0.87% of the stock is owned by corporate insiders.
Atlantic Union Bankshares Stock Up 5.9%
Shares of NASDAQ:AUB traded up $1.9670 during midday trading on Friday, hitting $35.2870. 1,482,943 shares of the stock were exchanged, compared to its average volume of 1,441,613. 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 Co. has a 52-week low of $22.85 and a 52-week high of $44.54. The business's fifty day simple moving average is $32.46 and its two-hundred day simple moving average is $31.40. The company has a market capitalization of $5.03 billion, a PE ratio of 15.41 and a beta of 0.88.
Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its quarterly earnings data on Thursday, July 24th. The company reported $0.95 earnings per share (EPS) for the quarter, topping 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 business had revenue of $377.22 million during the quarter, compared to analyst estimates of $369.70 million. During the same period last year, the company earned $0.63 earnings per share. Atlantic Union Bankshares's quarterly revenue was up 92.0% compared to the same quarter last year. As a group, research analysts predict that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.
Atlantic Union Bankshares Dividend Announcement
The company also recently disclosed a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.9%. The ex-dividend date was Monday, August 4th. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 66.02%.
Wall Street Analysts Forecast Growth
A number of brokerages have issued reports on AUB. Keefe, Bruyette & Woods increased their price target 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. Piper Sandler reduced their target price on Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating for the company in a report on Friday, July 25th. Jefferies Financial Group set a $37.00 price target on Atlantic Union Bankshares and gave the company 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 research report on Wednesday, July 30th. One equities research analyst has rated the stock with a Strong Buy rating, three have assigned a Buy rating and two have issued a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $38.33.
Read Our Latest Research Report on AUB
About Atlantic Union Bankshares
(
Free Report)
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.
Further Reading
Before you consider Atlantic Union Bankshares, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Atlantic Union Bankshares wasn't on the list.
While Atlantic Union Bankshares currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Enter your email address and we'll send you MarketBeat's list of ten stocks that are set to soar in Fall 2025, despite the threat of tariffs and other economic uncertainty. These ten stocks are incredibly resilient and are likely to thrive in any economic environment.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
