Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Acquired by Advantage Alpha Capital Partners LP

Advantage Alpha Capital Partners LP boosted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 29.1% in the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,032 shares of the company’s stock after purchasing an additional 2,938 shares during the period. Advantage Alpha Capital Partners LP’s holdings in Atlantic Union Bankshares were worth $491,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. GAMMA Investing LLC raised its position 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 valued at $39,000 after purchasing an additional 489 shares in the last quarter. UMB Bank n.a. raised its holdings in Atlantic Union Bankshares by 77.7% in 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 in the last quarter. Quest Partners LLC bought a new position in Atlantic Union Bankshares during the 3rd quarter valued at $56,000. Blue Trust Inc. grew its holdings in Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Family Firm Inc. bought a new stake in shares of Atlantic Union Bankshares in the 2nd quarter worth about $85,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Ratings Changes

Several analysts recently weighed in on the company. Raymond James lowered their price objective on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods upped their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Finally, Hovde Group decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, September 13th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

Atlantic Union Bankshares Stock Down 2.3 %

NASDAQ:AUB opened at $42.57 on Wednesday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock has a 50 day moving average of $38.93 and a 200-day moving average of $36.67. The firm has a market capitalization of $3.82 billion, a PE ratio of 15.07 and a beta of 0.89. Atlantic Union Bankshares Co. has a 52 week low of $30.22 and a 52 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 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 firm had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. During the same period last year, the company earned $0.80 earnings per share. Analysts predict that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.34 dividend. The ex-dividend date was Friday, November 8th. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.19%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 56.43%.

Atlantic Union Bankshares 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.