Advisor Group Holdings Inc. decreased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB – Get Rating) by 3.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 31,641 shares of the company's stock after selling 1,046 shares during the quarter. Advisor Group Holdings Inc.'s holdings in Atlantic Union Bankshares were worth $1,103,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also made changes to their positions in the company. Toronto Dominion Bank lifted its stake in Atlantic Union Bankshares by 2,115.4% in the fourth quarter. Toronto Dominion Bank now owns 25,100 shares of the company's stock worth $936,000 after acquiring an additional 23,967 shares during the last quarter. American Century Companies Inc. lifted its stake in Atlantic Union Bankshares by 595.1% in the fourth quarter. American Century Companies Inc. now owns 43,003 shares of the company's stock worth $1,604,000 after acquiring an additional 36,816 shares during the last quarter. Victory Capital Management Inc. lifted its stake in Atlantic Union Bankshares by 1,706.0% in the fourth quarter. Victory Capital Management Inc. now owns 344,168 shares of the company's stock worth $12,834,000 after acquiring an additional 325,111 shares during the last quarter. ProShare Advisors LLC lifted its stake in Atlantic Union Bankshares by 9.0% in the fourth quarter. ProShare Advisors LLC now owns 294,899 shares of the company's stock worth $10,997,000 after acquiring an additional 24,388 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC lifted its stake in Atlantic Union Bankshares by 10.3% in the fourth quarter. Steward Partners Investment Advisory LLC now owns 26,491 shares of the company's stock worth $988,000 after acquiring an additional 2,475 shares during the last quarter. Hedge funds and other institutional investors own 69.58% of the company's stock.
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Wall Street Analyst Weigh In
Separately, Compass Point decreased their price target on shares of Atlantic Union Bankshares to $50.00 in a research note on Friday, July 22nd.
Insider Activity
In other news, Director Ronald L. Tillett sold 2,500 shares of Atlantic Union Bankshares stock in a transaction on Monday, July 25th. The shares were sold at an average price of $34.48, for a total value of $86,200.00. Following the transaction, the director now directly owns 27,482 shares of the company's stock, valued at approximately $947,579.36. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 1.01% of the company's stock.
Atlantic Union Bankshares Stock Down 2.2 %
AUB stock opened at $34.36 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.16. Atlantic Union Bankshares Co. has a twelve month low of $31.44 and a twelve month high of $42.67. The company's 50 day moving average is $33.93 and its two-hundred day moving average is $35.91. The stock has a market cap of $2.58 billion, a P/E ratio of 12.01 and a beta of 1.07.
Atlantic Union Bankshares (NASDAQ:AUB – Get Rating) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.79 earnings per share for the quarter, topping analysts' consensus estimates of $0.71 by $0.08. Atlantic Union Bankshares had a net margin of 31.89% and a return on equity of 9.08%. During the same quarter in the previous year, the company earned $1.05 EPS.
Atlantic Union Bankshares Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, August 26th. Stockholders of record on Friday, August 12th will be issued a $0.30 dividend. This represents a $1.20 dividend on an annualized basis and a dividend yield of 3.49%. This is a boost from Atlantic Union Bankshares's previous quarterly dividend of $0.28. The ex-dividend date is Thursday, August 11th. Atlantic Union Bankshares's payout ratio is presently 41.96%.
Atlantic Union Bankshares Profile
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Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. The company accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services.
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