Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Hantz Financial Services Inc.

Hantz Financial Services Inc. decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,776 shares of the company’s stock after selling 684 shares during the period. Hantz Financial Services Inc.’s holdings in Atlantic Union Bankshares were worth $1,046,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in the company. GAMMA Investing LLC grew its holdings in Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after acquiring an additional 489 shares during the period. UMB Bank n.a. boosted its position in shares of Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after purchasing an additional 483 shares in the last quarter. Quest Partners LLC acquired a new position in shares of Atlantic Union Bankshares during the 3rd quarter worth $56,000. Blue Trust Inc. increased its holdings in shares of Atlantic Union Bankshares by 110.2% in the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Atlantic Union Bankshares in the second quarter valued at about $85,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Trading Up 0.4 %

Shares of Atlantic Union Bankshares stock opened at $42.43 on Monday. The business has a 50 day moving average price of $39.23 and a 200 day moving average price of $36.90. The company has a market capitalization of $3.81 billion, a P/E ratio of 17.61 and a beta of 0.89. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. Atlantic Union Bankshares Co. has a 1 year low of $30.22 and a 1 year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The business had revenue of $358.81 million for the quarter, compared to the consensus estimate of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same period in the prior year, the business earned $0.80 earnings per share. Sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 8th. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.21%. Atlantic Union Bankshares’s payout ratio is 56.43%.

Analyst Upgrades and Downgrades

AUB has been the topic of several recent analyst reports. Raymond James lowered their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price objective on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. Finally, Hovde Group reduced their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, September 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

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.