38,806 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Y Intercept Hong Kong Ltd

Y Intercept Hong Kong Ltd purchased a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 38,806 shares of the company's stock, valued at approximately $1,208,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. NBC Securities Inc. bought a new stake in Atlantic Union Bankshares in the 1st quarter valued at about $25,000. CWM LLC boosted its holdings in Atlantic Union Bankshares by 99.4% in the 1st quarter. CWM LLC now owns 1,049 shares of the company's stock valued at $33,000 after purchasing an additional 523 shares during the period. Investment Management Corp VA ADV bought a new stake in Atlantic Union Bankshares in the 4th quarter valued at about $72,000. Concord Wealth Partners boosted its holdings in Atlantic Union Bankshares by 304.1% in the 1st quarter. Concord Wealth Partners now owns 2,728 shares of the company's stock valued at $85,000 after purchasing an additional 2,053 shares during the period. Finally, Sterling Capital Management LLC lifted its holdings in shares of Atlantic Union Bankshares by 838.1% during the 4th quarter. Sterling Capital Management LLC now owns 2,880 shares of the company's stock worth $109,000 after acquiring an additional 2,573 shares during the period. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Down 0.8%

Shares of NASDAQ AUB traded down $0.26 during trading on Monday, hitting $32.82. 143,654 shares of the company traded hands, compared to its average volume of 1,461,936. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $44.54. The firm has a market capitalization of $4.68 billion, a price-to-earnings ratio of 14.36 and a beta of 0.86. The business's fifty day moving average is $31.45 and its 200 day moving average is $32.00.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its quarterly earnings results 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 business had revenue of $377.22 million for the quarter, compared to analysts' expectations 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 revenue for the quarter was up 92.0% compared to the same quarter last year. During the same quarter last year, the firm earned $0.63 EPS. Equities research analysts predict that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company 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. The ex-dividend date is Monday, August 4th. This represents a $1.36 annualized dividend and a yield of 4.14%. Atlantic Union Bankshares's dividend payout ratio (DPR) is 66.02%.

Analyst Ratings Changes

A number of brokerages have recently weighed in on AUB. Jefferies Financial Group set a $37.00 price target 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 for the company in a report on Friday. Keefe, Bruyette & Woods cut their price target on shares of Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a report on Monday, April 28th. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target for the company. Finally, Raymond James Financial raised shares of Atlantic Union Bankshares from an "outperform" rating to a "strong-buy" rating and upped their price target for the stock from $37.00 to $41.00 in a report on Tuesday, June 10th. Two equities research analysts have rated the stock with a hold rating, three have given a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $38.00.

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.