Cary Street Partners Investment Advisory LLC Has $320,000 Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Cary Street Partners Investment Advisory LLC reduced its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 80.8% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,572 shares of the company's stock after selling 36,119 shares during the quarter. Cary Street Partners Investment Advisory LLC's holdings in Atlantic Union Bankshares were worth $320,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strs Ohio acquired a new position in Atlantic Union Bankshares during the 4th quarter worth $29,000. Covestor Ltd grew its position in shares of 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. Nisa Investment Advisors LLC increased its stake in shares of 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 during the period. Emerald Mutual Fund Advisers Trust acquired a new stake in Atlantic Union Bankshares in the third quarter valued at approximately $152,000. Finally, Beacon Investment Advisors LLC purchased a new position in Atlantic Union Bankshares in the third quarter worth approximately $210,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Performance

AUB traded up $0.72 on Thursday, reaching $33.34. The company had a trading volume of 318,370 shares, compared to its average volume of 413,055. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares Co. has a 1 year low of $23.32 and a 1 year high of $37.86. The stock has a market capitalization of $2.51 billion, a PE ratio of 12.27 and a beta of 0.94. The stock has a 50-day moving average price of $33.48 and a 200-day moving average price of $33.25.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $0.65 EPS for the quarter, missing analysts' consensus estimates of $0.69 by ($0.04). The firm had revenue of $288.47 million for the quarter, compared to analyst estimates of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same quarter last year, the firm posted $0.63 EPS. As a group, research analysts forecast that Atlantic Union Bankshares Co. will post 3.1 EPS for the current fiscal year.

Insider Buying and Selling at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of the business's stock in a transaction dated Friday, March 8th. The shares were acquired at an average cost of $35.13 per share, with a total value of $245,910.00. Following the acquisition, 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 filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities research analysts have commented on AUB shares. Keefe, Bruyette & Woods dropped their price objective on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a "market perform" rating on the stock in a research report on Wednesday, April 24th. Raymond James lifted their price target on Atlantic Union Bankshares from $34.00 to $39.00 and gave the stock an "outperform" rating in a report on Friday, January 5th. Stephens dropped their price objective on Atlantic Union Bankshares from $43.00 to $40.00 and set an "overweight" rating on the stock in a report on Wednesday, April 24th. Finally, Piper Sandler decreased their target price on Atlantic Union Bankshares from $40.00 to $38.00 and set an "overweight" rating for the company in a research note on Monday.

About Atlantic Union Bankshares

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.