Atlantic Union Bankshares Co. (NASDAQ:AUB – Get Rating) saw a large drop in short interest in the month of August. As of August 15th, there was short interest totalling 1,540,000 shares, a drop of 7.2% from the July 31st total of 1,660,000 shares. Approximately 2.1% of the company's shares are short sold. Based on an average daily trading volume, of 305,800 shares, the short-interest ratio is presently 5.0 days.
Atlantic Union Bankshares Stock Performance
AUB opened at $32.19 on Friday. Atlantic Union Bankshares has a 12-month low of $31.44 and a 12-month high of $42.67. The company has a current ratio of 0.83, a quick ratio of 0.83 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $2.41 billion, a PE ratio of 11.32 and a beta of 1.07. The firm has a 50 day moving average of $34.03 and a two-hundred day moving average of $35.56.
Get Atlantic Union Bankshares alerts:Atlantic Union Bankshares (NASDAQ:AUB – Get Rating) last posted its quarterly earnings results on Thursday, July 21st. The company reported $0.79 earnings per share (EPS) 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 last year, the firm posted $1.05 earnings per share.
Atlantic Union Bankshares Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were given a dividend of $0.30 per share. The ex-dividend date was Thursday, August 11th. This is a positive change from Atlantic Union Bankshares's previous quarterly dividend of $0.28. This represents a $1.20 dividend on an annualized basis and a yield of 3.73%. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 41.96%.Insider Buying and Selling
In other Atlantic Union Bankshares news, Director Ronald L. Tillett sold 2,500 shares of the stock in a transaction dated Monday, July 25th. The shares were sold at an average price of $34.48, for a total transaction of $86,200.00. Following the transaction, the director now directly owns 27,482 shares in the company, valued at approximately $947,579.36. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.01% of the stock is currently owned by insiders.
Hedge Funds Weigh In On Atlantic Union Bankshares
Institutional investors have recently bought and sold shares of the business. Natixis Advisors L.P. increased its holdings in shares of Atlantic Union Bankshares by 1.3% during the 4th quarter. Natixis Advisors L.P. now owns 28,164 shares of the company's stock valued at $1,050,000 after purchasing an additional 352 shares in the last quarter. People s United Financial Inc. increased its holdings in shares of Atlantic Union Bankshares by 2.0% during the 4th quarter. People s United Financial Inc. now owns 17,890 shares of the company's stock valued at $667,000 after purchasing an additional 357 shares in the last quarter. Price T Rowe Associates Inc. MD increased its holdings in shares of Atlantic Union Bankshares by 1.1% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 34,361 shares of the company's stock valued at $1,166,000 after purchasing an additional 360 shares in the last quarter. Covestor Ltd increased its holdings in shares of Atlantic Union Bankshares by 78.0% during the 1st quarter. Covestor Ltd now owns 826 shares of the company's stock valued at $30,000 after purchasing an additional 362 shares in the last quarter. Finally, Lazard Asset Management LLC increased its holdings in shares of Atlantic Union Bankshares by 24.4% during the 4th quarter. Lazard Asset Management LLC now owns 2,398 shares of the company's stock valued at $89,000 after purchasing an additional 471 shares in the last quarter. 69.95% of the stock is owned by hedge funds and other institutional investors.
Wall Street Analysts Forecast Growth
Separately, Compass Point lowered their price target on shares of Atlantic Union Bankshares to $50.00 in a report on Friday, July 22nd.
About Atlantic Union Bankshares
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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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