Oppenheimer & Co. Inc. Purchases 450 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Oppenheimer & Co. Inc. raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.5% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 8,616 shares of the company’s stock after purchasing an additional 450 shares during the quarter. Oppenheimer & Co. Inc.’s holdings in Atlantic Union Bankshares were worth $325,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. GAMMA Investing LLC increased its position in Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after buying an additional 489 shares during the period. UMB Bank n.a. grew its stake 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 worth $42,000 after purchasing an additional 483 shares during the period. Blue Trust Inc. grew its stake in shares of Atlantic Union Bankshares by 110.2% in the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after buying an additional 1,095 shares during the period. Family Firm Inc. acquired a new position in shares of Atlantic Union Bankshares during the second quarter valued at about $85,000. Finally, EMC Capital Management purchased a new position in Atlantic Union Bankshares during the 1st quarter worth $199,000. Institutional investors own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Hovde Group lowered their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research note on Friday, September 13th. Raymond James lowered their price target on shares of 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, Keefe, Bruyette & Woods increased their price objective on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average price target of $40.40.

Atlantic Union Bankshares Trading Up 1.9 %

Shares of AUB opened at $42.04 on Friday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The company’s fifty day moving average is $38.72 and its 200 day moving average is $36.51. The stock has a market capitalization of $3.77 billion, a PE ratio of 17.44 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 $43.57.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, topping the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The business had revenue of $358.81 million during the quarter, compared to analysts’ expectations of $226.70 million. During the same period in the prior year, the business earned $0.80 EPS. Sell-side analysts expect 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 declared a quarterly dividend, which will be paid on Friday, November 22nd. Shareholders of record on Friday, November 8th will be given a dividend of $0.34 per share. The ex-dividend date of this dividend is Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.24%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. Atlantic Union Bankshares’s payout ratio 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.