Natixis Advisors LLC Has $2.03 Million Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Key Points

• Natixis Advisors LLC reduced its stake in Atlantic Union Bankshares by 13.1%, selling 9,794 shares and now holding approximately 0.07% of the company valued at $2,030,000.
• Atlantic Union Bankshares reported $0.95 EPS for the last quarter, exceeding analysts' expectations and demonstrating a 92% year-over-year revenue growth to $377.22 million.
• The company announced a quarterly dividend of $0.34 per share, reflecting a 4.3% yield and a payout ratio of 66.02% with payment scheduled for August 18th.

Natixis Advisors LLC lowered its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 13.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 65,182 shares of the company's stock after selling 9,794 shares during the quarter. Natixis Advisors LLC owned 0.07% of Atlantic Union Bankshares worth $2,030,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NBC Securities Inc. purchased a new position in Atlantic Union Bankshares during the first quarter valued at approximately $25,000. CWM LLC grew its position in Atlantic Union Bankshares by 99.4% in the first quarter. CWM LLC now owns 1,049 shares of the company's stock worth $33,000 after acquiring an additional 523 shares in the last quarter. Investment Management Corp VA ADV bought a new stake in Atlantic Union Bankshares in the fourth quarter worth approximately $72,000. Concord Wealth Partners grew its position in Atlantic Union Bankshares by 304.1% in the first quarter. Concord Wealth Partners now owns 2,728 shares of the company's stock worth $85,000 after acquiring an additional 2,053 shares in the last quarter. Finally, ORG Wealth Partners LLC bought a new stake in Atlantic Union Bankshares in the first quarter worth approximately $100,000. Institutional investors and hedge funds own 78.58% of the company's stock.

Analysts Set New Price Targets

Several analysts have commented on the stock. Keefe, Bruyette & Woods boosted 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 report on Monday, August 4th. Jefferies Financial Group set a $37.00 target price on shares of Atlantic Union Bankshares and gave the stock a "buy" rating in a research report on Wednesday, May 21st. Piper Sandler decreased their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an "overweight" rating for the company in a research report on Friday, July 25th. Finally, Raymond James Financial reissued a "strong-buy" rating on shares of Atlantic Union Bankshares in a research report on Wednesday, July 30th. 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 company's stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus price target of $38.33.

Insider Buying and Selling at Atlantic Union Bankshares

In related news, Director Frank Russell Ellett bought 5,000 shares of the business's stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average cost of $31.54 per share, for a total transaction of $157,700.00. Following the purchase, the director directly owned 76,606 shares in the company, valued at $2,416,153.24. This trade represents a 6.98% increase in their ownership of the stock. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO John C. Asbury bought 7,500 shares of the business's stock in a transaction that occurred on Monday, July 28th. The shares were bought at an average price of $32.91 per share, with a total value of $246,825.00. Following the completion of the purchase, the chief executive officer owned 270,532 shares in the company, valued at approximately $8,903,208.12. The trade was 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. Corporate insiders own 0.87% of the company's stock.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB traded up $1.09 during trading hours on Tuesday, hitting $32.99. 168,462 shares of the stock were exchanged, compared to its average volume of 1,454,943. 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's 50 day moving average is $31.92 and its 200 day moving average is $31.60. The firm has a market capitalization of $4.70 billion, a P/E ratio of 14.42 and a beta of 0.88. 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 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.15. The business had revenue of $377.22 million during 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% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.63 EPS. On average, research analysts expect that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, August 18th. Investors of record on Monday, August 4th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 4.1%. The ex-dividend date is Monday, August 4th. Atlantic Union Bankshares's dividend payout ratio is presently 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.