BNP Paribas Financial Markets Acquires 17,265 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

BNP Paribas Financial Markets increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 95.5% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,346 shares of the company’s stock after purchasing an additional 17,265 shares during the period. BNP Paribas Financial Markets’ holdings in Atlantic Union Bankshares were worth $1,331,000 at the end of the most recent reporting period.

Several other hedge funds have also recently bought and sold shares of the business. GAMMA Investing LLC grew its stake in Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after buying an additional 489 shares during the last quarter. UMB Bank n.a. boosted its holdings in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares during the period. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares in the third quarter valued at about $56,000. Blue Trust Inc. increased its stake in shares of Atlantic Union Bankshares by 110.2% in the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after purchasing an additional 1,095 shares during the period. Finally, Family Firm Inc. acquired a new position in shares of Atlantic Union Bankshares during the 2nd quarter worth about $85,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

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

Atlantic Union Bankshares Trading Down 0.5 %

Shares of AUB opened at $42.17 on Tuesday. The stock’s 50-day moving average price is $39.83 and its 200 day moving average price is $37.29. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54. The firm has a market capitalization of $3.79 billion, a price-to-earnings ratio of 17.50 and a beta of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data 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 business had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same period in the previous year, the business posted $0.80 earnings per share. As a group, research analysts predict that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.23%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 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.