Universal Beteiligungs und Servicegesellschaft mbH Takes Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Key Points

• Universal Beteiligungs und Servicegesellschaft mbH purchased 79,613 shares of Atlantic Union Bankshares Co. for approximately $2,479,000, representing about 0.09% ownership in the company.
• Analyst reports indicate mixed ratings for Atlantic Union Bankshares, with price targets ranging from $32.00 to $46.00, and an overall consensus rating of "Moderate Buy."
• The company recently announced a quarterly dividend of $0.34 per share, reflecting a 4.13% dividend yield, and is set to pay this on August 18th.

Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 79,613 shares of the company's stock, valued at approximately $2,479,000. Universal Beteiligungs und Servicegesellschaft mbH owned approximately 0.09% of Atlantic Union Bankshares as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. Vanguard Group Inc. grew its holdings in shares of Atlantic Union Bankshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock valued at $414,926,000 after purchasing an additional 27,604 shares during the last quarter. Dimensional Fund Advisors LP grew its holdings in shares of Atlantic Union Bankshares by 0.6% during the 4th quarter. Dimensional Fund Advisors LP now owns 5,681,103 shares of the company's stock valued at $215,201,000 after purchasing an additional 31,082 shares during the last quarter. Ameriprise Financial Inc. grew its holdings in Atlantic Union Bankshares by 62.0% during the 4th quarter. Ameriprise Financial Inc. now owns 2,587,890 shares of the company's stock worth $98,029,000 after acquiring an additional 990,583 shares during the last quarter. North Reef Capital Management LP bought a new stake in Atlantic Union Bankshares during the 4th quarter worth approximately $78,942,000. Finally, The Manufacturers Life Insurance Company grew its holdings in Atlantic Union Bankshares by 6.4% during the 4th quarter. The Manufacturers Life Insurance Company now owns 1,723,794 shares of the company's stock worth $65,297,000 after acquiring an additional 103,275 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company's stock.

Insider Buying and Selling at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, CEO John C. Asbury acquired 7,500 shares of the company's 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 completion of the purchase, 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 acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on AUB shares. Piper Sandler reduced 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 report on Friday, July 25th. Jefferies Financial Group set a $37.00 price objective on shares of Atlantic Union Bankshares and gave the company a "buy" rating in a research note on Wednesday, May 21st. Morgan Stanley started 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 price objective on the stock. Keefe, Bruyette & Woods reduced their price objective 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. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Atlantic Union Bankshares in a research note on Wednesday. Two investment analysts have rated the stock with a hold rating, three have given a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $38.17.

Atlantic Union Bankshares Stock Down 1.2%

Shares of Atlantic Union Bankshares stock traded down $0.40 during trading on Friday, reaching $31.31. 1,514,404 shares of the company traded hands, compared to its average volume of 1,464,234. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The company has a 50 day moving average price of $31.70 and a 200-day moving average price of $31.92. The firm has a market capitalization of $4.46 billion, a PE ratio of 13.67 and a beta of 0.86.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last released its earnings results on Thursday, July 24th. The company reported $0.95 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.80 by $0.15. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $377.22 million for the quarter, compared to the consensus estimate of $369.70 million. During the same quarter in the previous year, the company earned $0.63 EPS. Atlantic Union Bankshares's quarterly revenue was up 92.0% compared to the same quarter last year. As a group, equities research analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 4th will be paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend is Monday, August 4th. Atlantic Union Bankshares's dividend payout ratio (DPR) is 66.02%.

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.