Jane Street Group LLC Cuts Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Jane Street Group LLC trimmed its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 32.6% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 118,481 shares of the company’s stock after selling 57,179 shares during the period. Jane Street Group LLC owned 0.13% of Atlantic Union Bankshares worth $4,463,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in AUB. State Street Corp lifted its stake in Atlantic Union Bankshares by 3.0% in the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company’s stock valued at $169,214,000 after buying an additional 130,104 shares in the last quarter. Stifel Financial Corp raised its holdings in shares of Atlantic Union Bankshares by 1.3% during the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after acquiring an additional 428 shares during the last quarter. Systematic Financial Management LP raised its holdings in shares of Atlantic Union Bankshares by 33.7% during the third quarter. Systematic Financial Management LP now owns 463,039 shares of the company’s stock valued at $17,443,000 after acquiring an additional 116,747 shares during the last quarter. Holocene Advisors LP purchased a new position in shares of Atlantic Union Bankshares in the third quarter valued at approximately $688,000. Finally, Paloma Partners Management Co acquired a new stake in shares of Atlantic Union Bankshares in the third quarter worth approximately $203,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently commented on AUB. 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 note on Wednesday, October 2nd. Hovde Group reduced their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research report on Friday, September 13th. Finally, Keefe, Bruyette & Woods boosted their price target on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. One investment analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Atlantic Union Bankshares Stock Down 3.0 %

Shares of NASDAQ:AUB opened at $39.63 on Wednesday. Atlantic Union Bankshares Co. has a 52-week low of $30.43 and a 52-week high of $44.54. The stock has a market cap of $3.56 billion, a P/E ratio of 16.44 and a beta of 0.91. The business has a fifty day moving average of $40.38 and a two-hundred day moving average of $37.67. 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 (NASDAQ:AUB) last announced 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. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. The firm had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. During the same quarter in the prior year, the firm posted $0.80 earnings per share. On average, research analysts expect that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently declared 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. The ex-dividend date was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.43%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 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.