22,184 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Edgestream Partners L.P.

Edgestream Partners L.P. purchased a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 22,184 shares of the company’s stock, valued at approximately $783,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. Fort Washington Investment Advisors Inc. OH increased its stake in shares of Atlantic Union Bankshares by 3.3% in the 4th quarter. Fort Washington Investment Advisors Inc. OH now owns 517,351 shares of the company’s stock valued at $18,904,000 after acquiring an additional 16,451 shares in the last quarter. AlphaMark Advisors LLC bought a new stake in Atlantic Union Bankshares during the 4th quarter valued at $307,000. Trust Point Inc. bought a new stake in Atlantic Union Bankshares during the 4th quarter valued at $685,000. Mirae Asset Global Investments Co. Ltd. increased its stake in Atlantic Union Bankshares by 2.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,201 shares of the company’s stock valued at $1,250,000 after purchasing an additional 719 shares in the last quarter. Finally, Nisa Investment Advisors LLC increased its stake in Atlantic Union Bankshares by 194.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock valued at $151,000 after purchasing an additional 2,720 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on AUB shares. Stephens decreased their price target on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Keefe, Bruyette & Woods reduced their target price on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, April 24th. Finally, Piper Sandler reduced their target price on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research note on Monday, April 29th.

Insider Buying and Selling at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Frank Russell Ellett acquired 5,000 shares of the company’s stock in a transaction on Thursday, June 6th. The shares were acquired at an average cost of $31.71 per share, with a total value of $158,550.00. Following the completion of the acquisition, the director now directly owns 47,334 shares in the company, valued at $1,500,961.14. The purchase was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.87% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ:AUB traded up $0.54 during midday trading on Wednesday, reaching $41.05. The company had a trading volume of 170,242 shares, compared to its average volume of 410,697. The company’s 50 day moving average price is $33.36 and its 200 day moving average price is $33.69. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. The stock has a market cap of $3.69 billion, a P/E ratio of 14.88 and a beta of 0.90. Atlantic Union Bankshares Co. has a 52-week low of $26.91 and a 52-week high of $41.21.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The company had revenue of $288.47 million during the quarter, compared to analysts’ expectations of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same period last year, the firm posted $0.63 earnings per share. As a group, sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 2.92 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 7th. Investors of record on Friday, May 24th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.12%. The ex-dividend date of this dividend was Thursday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 47.06%.

About Atlantic Union Bankshares

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.