Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC grew its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.1% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 69,138 shares of the company’s stock after acquiring an additional 2,731 shares during the period. Oliver Luxxe Assets LLC owned about 0.08% of Atlantic Union Bankshares worth $2,619,000 as of its most recent filing with the SEC.

Other large investors have also recently made changes to their positions in the company. Nomura Asset Management Co. Ltd. boosted its stake in shares of Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after purchasing an additional 410 shares during the period. GAMMA Investing LLC grew its stake in shares of Atlantic Union Bankshares by 88.6% in 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 in the last quarter. UMB Bank n.a. increased its position in shares of Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after acquiring an additional 483 shares during the period. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares in the third quarter valued at $56,000. Finally, Blue Trust Inc. boosted its holdings in Atlantic Union Bankshares by 110.2% in the third 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 during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

NASDAQ:AUB traded down $0.26 during mid-day trading on Monday, reaching $36.96. 310,170 shares of the stock were exchanged, compared to its average volume of 477,139. The stock has a market capitalization of $3.32 billion, a P/E ratio of 15.34 and a beta of 0.93. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The company has a 50 day simple moving average of $40.42 and a 200-day simple moving average of $38.25. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13.

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

Atlantic Union Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid 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 annualized dividend and a yield of 3.68%. Atlantic Union Bankshares’s dividend payout ratio is currently 56.43%.

Analyst Upgrades and Downgrades

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

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.