Hantz Financial Services Inc. Trims Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Hantz Financial Services Inc. decreased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUBFree Report) by 2.4% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,776 shares of the company’s stock after selling 684 shares during the quarter. Hantz Financial Services Inc.’s holdings in Atlantic Union Bankshares were worth $1,046,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its holdings in shares of Atlantic Union Bankshares by 7.1% during the 3rd quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 203,839 shares of the company’s stock worth $7,679,000 after acquiring an additional 13,451 shares during the period. De Lisle Partners LLP raised its stake in Atlantic Union Bankshares by 41.6% during the third quarter. De Lisle Partners LLP now owns 29,118 shares of the company’s stock worth $1,097,000 after purchasing an additional 8,553 shares during the period. BNP Paribas Financial Markets boosted its holdings in shares of Atlantic Union Bankshares by 95.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock valued at $1,331,000 after purchasing an additional 17,265 shares during the last quarter. FMR LLC grew its stake in shares of Atlantic Union Bankshares by 30.1% during the 3rd quarter. FMR LLC now owns 71,349 shares of the company’s stock valued at $2,688,000 after buying an additional 16,516 shares during the period. Finally, Advantage Alpha Capital Partners LP increased its holdings in shares of Atlantic Union Bankshares by 29.1% during the 3rd quarter. Advantage Alpha Capital Partners LP now owns 13,032 shares of the company’s stock worth $491,000 after buying an additional 2,938 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $42.43 on Monday. Atlantic Union Bankshares Co. has a 52-week low of $30.22 and a 52-week high of $44.54. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 17.61 and a beta of 0.89. The business’s 50 day moving average is $39.23 and its two-hundred day moving average is $36.90.

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) last posted its quarterly earnings data on Monday, October 21st. The company reported $0.83 EPS for the quarter, beating 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 period in the prior year, the firm posted $0.80 EPS. Analysts forecast that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal 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 issued a $0.34 dividend. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s payout ratio is currently 56.43%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Hovde Group lowered their price target on 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. Raymond James decreased their target price 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. Finally, Keefe, Bruyette & Woods raised their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $42.00.

Check Out Our Latest Stock Report on AUB

Atlantic Union Bankshares Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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