Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Homestead Advisers Corp

Homestead Advisers Corp boosted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 15.2% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 149,292 shares of the company's stock after purchasing an additional 19,700 shares during the period. Homestead Advisers Corp owned approximately 0.17% of Atlantic Union Bankshares worth $4,649,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of AUB. Proficio Capital Partners LLC purchased a new position in Atlantic Union Bankshares during the fourth quarter worth approximately $392,000. Raymond James Financial Inc. purchased a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at $6,923,000. HighTower Advisors LLC raised its stake 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 valued at $712,000 after acquiring an additional 2,561 shares during the period. Natixis Advisors LLC raised its stake 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 valued at $2,840,000 after acquiring an additional 14,194 shares during the period. Finally, Envestnet Portfolio Solutions Inc. raised its stake 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 valued at $544,000 after acquiring an additional 1,837 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have recently commented on AUB. Raymond James Financial raised shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and raised their target price for the company from $37.00 to $41.00 in a research note on Tuesday, June 10th. Keefe, Bruyette & Woods cut their target price on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating on the stock in a research note on Monday, April 28th. Piper Sandler cut their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating on the stock in a research note on Friday. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price on the stock. Finally, Jefferies Financial Group set a $37.00 target price on shares of Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $38.00.

Atlantic Union Bankshares Stock Down 0.2%

Atlantic Union Bankshares stock traded down $0.05 during midday trading on Friday, hitting $33.04. 511,278 shares of the stock were exchanged, compared to its average volume of 1,467,028. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $44.54. The firm has a market cap of $4.71 billion, a P/E ratio of 14.40 and a beta of 0.86. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The company has a 50 day moving average price of $31.40 and a two-hundred day moving average price of $32.09.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last released its quarterly earnings results 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. The firm 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%. The firm's quarterly revenue was up 92.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.63 EPS. On average, sell-side 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 business also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 4th will be issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.12%. Atlantic Union Bankshares's dividend payout ratio is currently 62.10%.

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.