Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Acquired by Victory Capital Management Inc.

Victory Capital Management Inc. grew its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 7.0% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 19,057 shares of the company’s stock after acquiring an additional 1,245 shares during the quarter. Victory Capital Management Inc.’s holdings in Atlantic Union Bankshares were worth $702,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also modified their holdings of AUB. William Blair Investment Management LLC acquired a new stake in shares of Atlantic Union Bankshares during the second quarter worth about $65,000. Heritage Wealth Management LLC lifted its holdings in shares of Atlantic Union Bankshares by 85.4% during the second quarter. Heritage Wealth Management LLC now owns 3,357 shares of the company’s stock worth $122,000 after purchasing an additional 1,546 shares during the period. Stephens Inc. AR acquired a new stake in shares of Atlantic Union Bankshares during the third quarter worth about $202,000. American Century Companies Inc. purchased a new position in Atlantic Union Bankshares during the second quarter valued at approximately $200,000. Finally, MML Investors Services LLC purchased a new position in Atlantic Union Bankshares during the second quarter valued at approximately $227,000. 68.92% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares stock opened at $42.12 on Friday. The stock has a market capitalization of $3.19 billion, a PE ratio of 12.46 and a beta of 1.30. Atlantic Union Bankshares Co. has a 12 month low of $32.26 and a 12 month high of $42.45. The business has a 50 day simple moving average of $36.81 and a 200-day simple moving average of $36.49. The company has a debt-to-equity ratio of 0.11, a current ratio of 0.85 and a quick ratio of 0.84.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Sunday, October 24th. The company reported $0.94 EPS for the quarter, beating the Zacks’ consensus estimate of $0.74 by $0.20. The business had revenue of $170.59 million during the quarter, compared to analysts’ expectations of $163.54 million. Atlantic Union Bankshares had a return on equity of 11.19% and a net margin of 37.83%. During the same period in the previous year, the business earned $0.74 earnings per share. On average, equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.4 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 26th. Stockholders of record on Friday, November 12th were given a $0.28 dividend. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.66%. The ex-dividend date was Wednesday, November 10th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 33.14%.

In other Atlantic Union Bankshares news, Director Frederick Blair Wimbush acquired 1,500 shares of the business’s stock in a transaction dated Monday, December 20th. The stock was acquired at an average cost of $35.82 per share, for a total transaction of $53,730.00. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 1.14% of the stock is owned by insiders.

AUB has been the subject of several recent research reports. Piper Sandler upgraded Atlantic Union Bankshares from a “neutral” rating to an “overweight” rating and lifted their price target for the company from $41.00 to $42.00 in a research report on Thursday, December 16th. Zacks Investment Research cut Atlantic Union Bankshares from a “buy” rating to a “hold” rating in a research report on Monday, October 4th.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. It specializes in offering community banking services. Its services include checking, savings, lending, credit cards, online and mobile banking, treasury management, business eBanking, and wealth management.

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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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