Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Arizona State Retirement System

Arizona State Retirement System reduced its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 20,967 shares of the company’s stock after selling 386 shares during the period. Arizona State Retirement System’s holdings in Atlantic Union Bankshares were worth $766,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the business. Covestor Ltd lifted its position in shares of Atlantic Union Bankshares by 78.0% in the first quarter. Covestor Ltd now owns 826 shares of the company’s stock valued at $30,000 after acquiring an additional 362 shares in the last quarter. Ronald Blue Trust Inc. lifted its position in shares of Atlantic Union Bankshares by 556.9% in the third quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company’s stock valued at $36,000 after acquiring an additional 1,164 shares in the last quarter. Quantbot Technologies LP purchased a new position in shares of Atlantic Union Bankshares in the second quarter valued at approximately $64,000. Ensign Peak Advisors Inc purchased a new position in shares of Atlantic Union Bankshares in the third quarter valued at approximately $58,000. Finally, Captrust Financial Advisors lifted its position in shares of Atlantic Union Bankshares by 58.1% in the first quarter. Captrust Financial Advisors now owns 4,297 shares of the company’s stock valued at $158,000 after acquiring an additional 1,579 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of Atlantic Union Bankshares stock in a transaction on Friday, March 8th. The shares were bought at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the transaction, the director now directly owns 7,582 shares of the company’s stock, valued at $266,355.66. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. Company insiders own 0.87% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock opened at $32.23 on Friday. Atlantic Union Bankshares Co. has a one year low of $23.32 and a one year high of $37.86. The company has a market cap of $2.43 billion, a price-to-earnings ratio of 12.69 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. The business’s 50 day moving average price is $33.65 and its 200 day moving average price is $32.98.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Tuesday, January 23rd. The company reported $0.78 EPS for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Atlantic Union Bankshares had a return on equity of 9.51% and a net margin of 19.31%. The firm had revenue of $289.46 million for the quarter, compared to the consensus estimate of $179.72 million. During the same quarter last year, the business posted $0.90 earnings per share. On average, research analysts predict that Atlantic Union Bankshares Co. will post 3.24 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.28 dividend on an annualized basis and a yield of 3.97%. Atlantic Union Bankshares’s dividend payout ratio is currently 50.39%.

Analyst Ratings Changes

Separately, Raymond James raised their target price on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th.

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.