Atlantic Union Bankshares Co. (NASDAQ:AUB) Holdings Raised by Oliver Luxxe Assets LLC

Oliver Luxxe Assets LLC grew its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 51.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 31,291 shares of the company’s stock after purchasing an additional 10,597 shares during the period. Oliver Luxxe Assets LLC’s holdings in Atlantic Union Bankshares were worth $1,105,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of the stock. Vanguard Group Inc. lifted its stake in Atlantic Union Bankshares by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 9,290,826 shares of the company’s stock worth $339,487,000 after acquiring an additional 111,580 shares in the last quarter. Dimensional Fund Advisors LP increased its position in Atlantic Union Bankshares by 0.6% in the 4th quarter. Dimensional Fund Advisors LP now owns 4,917,470 shares of the company’s stock worth $179,687,000 after purchasing an additional 28,655 shares during the last quarter. The Manufacturers Life Insurance Company increased its position in Atlantic Union Bankshares by 0.6% in the 4th quarter. The Manufacturers Life Insurance Company now owns 1,723,002 shares of the company’s stock worth $62,958,000 after purchasing an additional 10,969 shares during the last quarter. Victory Capital Management Inc. raised its stake in shares of Atlantic Union Bankshares by 2.9% in the 4th quarter. Victory Capital Management Inc. now owns 1,449,785 shares of the company’s stock valued at $52,975,000 after acquiring an additional 40,659 shares in the last quarter. Finally, Northern Trust Corp raised its stake in shares of Atlantic Union Bankshares by 0.3% in the 3rd quarter. Northern Trust Corp now owns 977,763 shares of the company’s stock valued at $28,140,000 after acquiring an additional 3,364 shares in the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have commented on the company. Piper Sandler dropped their price target on Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research report on Monday, April 29th. Keefe, Bruyette & Woods dropped their price target on 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. Finally, Stephens decreased 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.

Atlantic Union Bankshares Trading Down 0.2 %

Shares of AUB stock traded down $0.08 on Monday, reaching $32.77. 88,077 shares of the stock were exchanged, compared to its average volume of 393,418. The stock has a market cap of $2.94 billion, a PE ratio of 11.06 and a beta of 0.90. Atlantic Union Bankshares Co. has a one year low of $25.27 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50 day moving average price of $32.48 and a 200 day moving average price of $33.76.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share 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 the consensus estimate 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 in the previous year, the firm earned $0.63 EPS. Equities research analysts forecast that Atlantic Union Bankshares Co. will post 2.95 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued a $0.32 dividend. The ex-dividend date was Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 3.91%. Atlantic Union Bankshares’s dividend payout ratio is presently 47.06%.

Insider Activity at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Frank Russell Ellett bought 5,000 shares of the firm’s stock in a transaction on Thursday, June 6th. The stock was purchased at an average cost of $31.71 per share, with a total value of $158,550.00. Following the completion of the purchase, the director now owns 47,334 shares in the company, valued at $1,500,961.14. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.28% of the stock is currently owned by corporate insiders.

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.