Alpha Omega Wealth Management LLC Increases Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Alpha Omega Wealth Management LLC grew its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 14.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 8,164 shares of the company’s stock after buying an additional 1,008 shares during the period. Alpha Omega Wealth Management LLC’s holdings in Atlantic Union Bankshares were worth $298,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors also recently bought and sold shares of the company. Strs Ohio purchased a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at about $29,000. Covestor Ltd lifted its holdings in shares of Atlantic Union Bankshares by 78.0% in the 1st quarter. Covestor Ltd now owns 826 shares of the company’s stock valued at $30,000 after purchasing an additional 362 shares during the last quarter. Ronald Blue Trust Inc. lifted its holdings in shares of Atlantic Union Bankshares by 556.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company’s stock valued at $36,000 after purchasing an additional 1,164 shares during the last quarter. Quantbot Technologies LP purchased a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at about $64,000. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Atlantic Union Bankshares in the 3rd quarter valued at about $58,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Separately, Raymond James boosted their price target on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $31.82 on Thursday. The stock has a market capitalization of $2.40 billion, a PE ratio of 12.53 and a beta of 0.94. Atlantic Union Bankshares Co. has a 52-week low of $23.32 and a 52-week high of $37.86. The stock’s 50-day moving average price is $33.66 and its 200 day moving average price is $32.98. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, January 23rd. The company reported $0.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.75 by $0.03. Atlantic Union Bankshares had a return on equity of 9.51% and a net margin of 19.31%. The company had revenue of $289.46 million for the quarter, compared to analysts’ expectations of $179.72 million. During the same quarter in the previous year, the firm posted $0.90 EPS. As a group, equities research analysts forecast that Atlantic Union Bankshares Co. will post 3.24 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were given a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a yield of 4.02%. The ex-dividend date of this dividend was Thursday, February 8th. Atlantic Union Bankshares’s payout ratio is 50.39%.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of the company’s stock in a transaction on Friday, March 8th. The shares were bought at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the transaction, the director now owns 7,582 shares of the company’s stock, valued at approximately $266,355.66. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 0.87% of the stock is currently owned by insiders.

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.