Atlantic Union Bankshares (NASDAQ:AUB) Shares Gap Down to $33.57

Atlantic Union Bankshares Co. (NASDAQ:AUB - Get Free Report)'s share price gapped down before the market opened on Tuesday . The stock had previously closed at $33.57, but opened at $32.05. Atlantic Union Bankshares shares last traded at $32.71, with a volume of 33,622 shares traded.

Wall Street Analyst Weigh In

Separately, Raymond James lifted their price objective on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an "outperform" rating in a research note on Friday, January 5th.

Atlantic Union Bankshares Stock Down 1.9 %

The firm's 50 day moving average price is $33.62 and its two-hundred day moving average price is $33.11. The company has a market cap of $2.48 billion, a P/E ratio of 13.21 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last released its quarterly earnings data on Tuesday, January 23rd. The company reported $0.78 earnings per share for the quarter, beating the consensus estimate of $0.75 by $0.03. The company had revenue of $289.46 million during the quarter, compared to analyst estimates of $179.72 million. Atlantic Union Bankshares had a net margin of 19.31% and a return on equity of 9.51%. During the same quarter in the previous year, the business posted $0.90 EPS. Equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.24 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.89%. The ex-dividend date was Thursday, February 8th. Atlantic Union Bankshares's payout ratio is currently 50.39%.

Insider Activity at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Donald R. Kimble purchased 7,000 shares of Atlantic Union Bankshares stock in a transaction that occurred on Friday, March 8th. The stock was acquired at an average price of $35.13 per share, with a total value of $245,910.00. Following the transaction, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 1.28% of the stock is currently owned by insiders.

Institutional Trading of Atlantic Union Bankshares

Hedge funds have recently bought and sold shares of the business. Mather Group LLC. purchased a new position in Atlantic Union Bankshares during the 1st quarter worth $27,000. Strs Ohio purchased a new position in Atlantic Union Bankshares during the 4th quarter worth $29,000. Covestor Ltd boosted its holdings in Atlantic Union Bankshares by 95.0% during the 3rd quarter. Covestor Ltd now owns 1,053 shares of the company's stock worth $30,000 after acquiring an additional 513 shares during the last quarter. Ronald Blue Trust Inc. boosted its holdings in Atlantic Union Bankshares by 556.9% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company's stock worth $36,000 after acquiring an additional 1,164 shares during the last quarter. Finally, TFO Wealth Partners LLC boosted its holdings in Atlantic Union Bankshares by 386,100.0% during the 4th quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company's stock worth $141,000 after acquiring an additional 3,861 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company's stock.

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.