Mutual of America Capital Management LLC Has $509,000 Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Mutual of America Capital Management LLC trimmed its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 8.5% during the third quarter, Holdings Channel reports. The firm owned 13,504 shares of the company’s stock after selling 1,251 shares during the period. Mutual of America Capital Management LLC’s holdings in Atlantic Union Bankshares were worth $509,000 at the end of the most recent reporting period.

Several other large investors also recently modified their holdings of AUB. Oppenheimer & Co. Inc. raised its stake in Atlantic Union Bankshares by 5.5% during the third quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company’s stock worth $325,000 after acquiring an additional 450 shares in the last quarter. UMB Bank n.a. boosted its stake in shares of Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after purchasing an additional 483 shares in the last quarter. GAMMA Investing LLC grew its holdings in shares of Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after purchasing an additional 489 shares during the last quarter. Moors & Cabot Inc. increased its position in shares of Atlantic Union Bankshares by 5.5% during the 2nd quarter. Moors & Cabot Inc. now owns 9,532 shares of the company’s stock worth $313,000 after purchasing an additional 500 shares in the last quarter. Finally, Trust Point Inc. lifted its holdings in Atlantic Union Bankshares by 2.0% during the 3rd quarter. Trust Point Inc. now owns 25,998 shares of the company’s stock valued at $979,000 after purchasing an additional 513 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

AUB has been the topic of several recent analyst reports. Raymond James reduced their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods boosted their price objective on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research note on Friday, November 22nd. Finally, Hovde Group lowered their target price on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $42.57 on Wednesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The business has a 50-day moving average of $38.93 and a 200-day moving average of $36.67. The stock has a market capitalization of $3.82 billion, a price-to-earnings ratio of 17.66 and a beta of 0.89. Atlantic Union Bankshares Co. has a fifty-two week low of $30.22 and a fifty-two week high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same period in the prior year, the firm earned $0.80 EPS. As a group, sell-side analysts predict that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.19%. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 56.43%.

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.