Jump Financial LLC Invests $2.09 Million in Atlantic Union Bankshares Co. $AUB

Key Points

• Jump Financial LLC has acquired 67,000 shares of Atlantic Union Bankshares Co. valued at approximately $2.1 million, increasing its holdings to 0.07% of the company.
• AUB stock experienced a 1.6% increase, trading at $35.70, with analysts setting a consensus price target of $38.33 and ratings varying from Strong Buy to Hold.
• The company recently announced a quarterly dividend of $0.34 per share, representing a 3.8% yield, with a dividend payout ratio of 66.02%.

Jump Financial LLC purchased a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 67,000 shares of the company's stock, valued at approximately $2,086,000. Jump Financial LLC owned approximately 0.07% of Atlantic Union Bankshares as of its most recent filing with the Securities and Exchange Commission (SEC).

Other large investors have also recently made changes to their positions in the company. AlphaQuest LLC increased its position in shares of Atlantic Union Bankshares by 493.8% during the first quarter. AlphaQuest LLC now owns 86,730 shares of the company's stock worth $2,701,000 after acquiring an additional 72,123 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in 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 purchasing an additional 163,451 shares in the last quarter. EntryPoint Capital LLC bought a new stake in Atlantic Union Bankshares during the 1st quarter worth approximately $454,000. Quantbot Technologies LP lifted its holdings in shares of Atlantic Union Bankshares by 189.2% in the first quarter. Quantbot Technologies LP now owns 198,854 shares of the company's stock valued at $6,192,000 after purchasing an additional 130,095 shares in the last quarter. Finally, Northern Trust Corp lifted its holdings in shares of Atlantic Union Bankshares by 35.5% in the first quarter. Northern Trust Corp now owns 1,573,946 shares of the company's stock valued at $49,013,000 after purchasing an additional 412,730 shares in the last quarter. 78.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on AUB shares. Piper Sandler decreased their price target 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. Keefe, Bruyette & Woods upped their target price on shares of 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 shares of Atlantic Union Bankshares and gave the company a "buy" rating in a research report on Wednesday, May 21st. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Atlantic Union Bankshares in a research report on Wednesday, July 30th. One 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 MarketBeat, the stock has an average rating of "Moderate Buy" and an average price target of $38.33.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ:AUB traded up $0.24 during mid-day trading on Monday, reaching $35.75. The company had a trading volume of 769,093 shares, compared to its average volume of 1,421,545. 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 firm has a market cap of $5.09 billion, a price-to-earnings ratio of 15.61 and a beta of 0.90. The company's 50-day moving average price is $32.99 and its 200-day moving average price is $31.25. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.95 EPS for the quarter, beating 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 for the quarter, compared to the consensus estimate of $369.70 million. During the same quarter in the prior year, the business earned $0.63 earnings per share. Atlantic Union Bankshares's revenue for the quarter was up 92.0% on a year-over-year basis. As a group, equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, August 18th. Stockholders of record on Monday, August 4th were issued 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 is currently 66.02%.

Insider Transactions at Atlantic Union Bankshares

In other news, Director Frank Russell Ellett acquired 1,441 shares of the firm's stock in a transaction on Friday, August 8th. The stock was acquired at an average price of $31.49 per share, for a total transaction of $45,377.09. Following the completion of the acquisition, the director owned 78,047 shares in the company, valued at $2,457,700.03. This trade represents a 1.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO John C. Asbury acquired 7,500 shares of the stock in a transaction on Monday, July 28th. The shares were purchased at an average cost of $32.91 per share, with a total value of $246,825.00. Following the transaction, the chief executive officer directly owned 270,532 shares of the company's stock, valued at approximately $8,903,208.12. This trade represents a 2.85% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 18,941 shares of company stock valued at $606,502. 0.87% of the stock is currently owned by company 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.