Louisiana State Employees Retirement System Acquires Shares of 37,500 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Louisiana State Employees Retirement System bought a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 37,500 shares of the company's stock, valued at approximately $1,370,000.

Several other hedge funds and other institutional investors have also made changes to their positions in AUB. Covestor Ltd lifted its position in Atlantic Union Bankshares by 95.0% during the third quarter. Covestor Ltd now owns 1,053 shares of the company's stock worth $30,000 after buying an additional 513 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in Atlantic Union Bankshares by 556.9% during the third quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company's stock worth $36,000 after buying an additional 1,164 shares in the last quarter. Nisa Investment Advisors LLC lifted its position in Atlantic Union Bankshares by 194.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company's stock worth $151,000 after buying an additional 2,720 shares in the last quarter. Emerald Mutual Fund Advisers Trust purchased a new position in Atlantic Union Bankshares during the third quarter worth approximately $152,000. Finally, Beacon Investment Advisors LLC purchased a new position in Atlantic Union Bankshares during the third quarter worth approximately $210,000. Hedge funds and other institutional investors own 78.58% of the company's stock.

Insider Activity at Atlantic Union Bankshares

In related news, Director Donald R. Kimble bought 7,000 shares of the stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $35.13 per share, with a total value of $245,910.00. Following the purchase, the director now directly owns 7,582 shares of the company's stock, valued at approximately $266,355.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.87% of the company's stock.

Wall Street Analysts Forecast Growth

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

Atlantic Union Bankshares Trading Up 1.0 %

NASDAQ:AUB traded up $0.33 on Monday, reaching $33.55. The company's stock had a trading volume of 304,125 shares, compared to its average volume of 411,486. Atlantic Union Bankshares Co. has a 12-month low of $23.32 and a 12-month high of $37.86. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The firm has a market cap of $2.53 billion, a price-to-earnings ratio of 13.21 and a beta of 0.94. The stock has a 50 day moving average price of $33.62 and a 200 day moving average price of $33.11.

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

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 23rd. Investors of record on Friday, February 9th were issued a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.28 annualized dividend and a dividend yield of 3.82%. Atlantic Union Bankshares's dividend payout ratio is presently 50.39%.

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.