Universal Beteiligungs und Servicegesellschaft mbH Buys New Shares 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 bought a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the first quarter, according to its most recent Form 13F filing with the SEC. The fund bought 79,613 shares of the company's stock, valued at approximately $2,479,000. Universal Beteiligungs und Servicegesellschaft mbH owned 0.09% of Atlantic Union Bankshares as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of AUB. North Reef Capital Management LP acquired a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $78,942,000. Ameriprise Financial Inc. lifted its stake in shares of Atlantic Union Bankshares by 62.0% in 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 period. Schroder Investment Management Group bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $25,490,000. Soros Fund Management LLC bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth approximately $21,813,000. Finally, Stieven Capital Advisors L.P. bought a new stake in shares of Atlantic Union Bankshares in the 1st quarter worth approximately $12,923,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Down 1.2%

Atlantic Union Bankshares stock traded down $0.40 during trading hours on Friday, hitting $31.31. The company had a trading volume of 1,514,404 shares, compared to its average volume of 1,464,218. The firm has a market capitalization of $4.46 billion, a P/E ratio of 13.67 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 firm's fifty day moving average is $31.65 and its 200-day moving average is $31.97. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54.

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

Atlantic Union Bankshares Announces Dividend

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

Analyst Upgrades and Downgrades

A number of analysts recently commented on AUB shares. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 target price on the stock. Keefe, Bruyette & Woods dropped 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 report on Monday, April 28th. Jefferies Financial Group set a $37.00 target price on shares of Atlantic Union Bankshares and gave the stock a "buy" rating in a report on Wednesday, May 21st. Piper Sandler cut their price target 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. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Atlantic Union Bankshares in a report on Wednesday. Two equities research 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. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $38.17.

Insider Buying and Selling

In other Atlantic Union Bankshares news, CEO John C. Asbury bought 7,500 shares of the firm's stock in a transaction on Monday, July 28th. The stock was bought at an average cost of $32.91 per share, with a total value of $246,825.00. Following the completion of the transaction, the chief executive officer directly owned 270,532 shares of the company's stock, valued at approximately $8,903,208.12. The trade was a 2.85% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.87% of the stock is owned by corporate insiders.

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.