Atlantic Union Bankshares (NYSE:AUB) Director Ronald Tillett Sells 4,500 Shares of Company Stock

by · The Markets Daily

Atlantic Union Bankshares Co. (NYSE:AUB – Get Free Report) Director Ronald Tillett sold 4,500 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $40.01, for a total value of $180,045.00. Following the completion of the transaction, the director owned 30,364 shares in the company, valued at $1,214,863.64. The trade was a 12.91% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink.

Atlantic Union Bankshares Price Performance

Shares of NYSE:AUB traded down $0.85 during mid-day trading on Tuesday, reaching $39.55. The stock had a trading volume of 1,109,971 shares, compared to its average volume of 1,134,712. The business’s 50 day moving average price is $39.16 and its 200 day moving average price is $39.07. Atlantic Union Bankshares Co. has a 1 year low of $30.87 and a 1 year high of $43.62. The company has a market cap of $5.65 billion, a P/E ratio of 10.81 and a beta of 0.80. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.17.

Atlantic Union Bankshares (NYSE:AUB – Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.96 EPS for the quarter, hitting analysts’ consensus estimates of $0.96. The firm had revenue of $387.90 million during the quarter, compared to analysts’ expectations of $392.72 million. Atlantic Union Bankshares had a return on equity of 10.79% and a net margin of 23.97%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.84 EPS. Research analysts expect that Atlantic Union Bankshares Co. will post 3.77 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.40 per share. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.37. This represents a $1.60 annualized dividend and a dividend yield of 4.0%. The ex-dividend date of this dividend is Friday, November 13th. Atlantic Union Bankshares’s payout ratio is presently 43.72%.

Institutional Investors Weigh In On Atlantic Union Bankshares

Several institutional investors have recently added to or reduced their stakes in the business. Bank of America Corp DE lifted its stake in Atlantic Union Bankshares by 53.4% in the first quarter. Bank of America Corp DE now owns 886,978 shares of the company’s stock valued at $31,701,000 after buying an additional 308,934 shares during the last quarter. Hsbc Holdings PLC grew its holdings in Atlantic Union Bankshares by 1,292.0% during the fourth quarter. Hsbc Holdings PLC now owns 106,335 shares of the company’s stock worth $3,752,000 after acquiring an additional 98,696 shares during the period. Susquehanna Fundamental Investments LLC lifted its stake in shares of Atlantic Union Bankshares by 286.2% in the second quarter. Susquehanna Fundamental Investments LLC now owns 149,189 shares of the company’s stock valued at $6,312,000 after purchasing an additional 110,560 shares during the period. Principal Financial Group Inc. grew its position in Atlantic Union Bankshares by 40.1% during the first quarter. Principal Financial Group Inc. now owns 951,373 shares of the company’s stock worth $34,002,000 after buying an additional 272,119 shares during the period. Finally, Dimensional Fund Advisors LP increased its holdings in Atlantic Union Bankshares by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,635,464 shares of the company’s stock valued at $272,883,000 after buying an additional 102,821 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on AUB. Morgan Stanley lifted their price objective on shares of Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 28th. TD Cowen decreased their price objective on shares of Atlantic Union Bankshares from $44.00 to $43.00 and set a “buy” rating for the company in a research note on Wednesday, October 21st. Piper Sandler decreased their price objective on shares of Atlantic Union Bankshares from $47.00 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, October 21st. Finally, Weiss Ratings upgraded Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average target price of $45.80.

Check Out Our Latest Analysis on Atlantic Union Bankshares

Atlantic Union Bankshares Company Profile

(Get Free Report)

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.

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