State Street Corp Purchases 130,104 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

State Street Corp raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 4,492,014 shares of the company’s stock after buying an additional 130,104 shares during the quarter. State Street Corp owned about 5.00% of Atlantic Union Bankshares worth $169,214,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. GAMMA Investing LLC increased its holdings 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 period. UMB Bank n.a. grew its holdings in shares of Atlantic Union Bankshares by 77.7% during 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 during the last quarter. Quest Partners LLC bought a new stake in shares of Atlantic Union Bankshares during the 3rd quarter valued at approximately $56,000. Blue Trust Inc. grew its holdings in shares of Atlantic Union Bankshares by 110.2% during the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after purchasing an additional 1,095 shares during the last quarter. Finally, Family Firm Inc. bought a new stake in shares of Atlantic Union Bankshares during the 2nd quarter valued at approximately $85,000. 78.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts recently issued reports on AUB shares. Raymond James decreased their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Hovde Group cut 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. Finally, Keefe, Bruyette & Woods lifted their target price 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 issued a buy rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Atlantic Union Bankshares Stock Down 0.9 %

Shares of NASDAQ AUB opened at $40.95 on Friday. The company has a market capitalization of $3.68 billion, a P/E ratio of 16.99 and a beta of 0.91. Atlantic Union Bankshares Co. has a 52-week low of $30.43 and a 52-week high of $44.54. 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 50 day moving average price is $40.24 and its 200-day moving average price is $37.48.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The firm had revenue of $358.81 million for the quarter, compared to the consensus estimate 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 quarter in the previous year, the company earned $0.80 EPS. Equities analysts forecast that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.32%. The ex-dividend date was Friday, November 8th. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. Atlantic Union Bankshares’s payout ratio 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.