Insider Selling: Atlantic Union Bankshares (NYSE:AUB) Director Sells $180,045.00 in Stock

Atlantic Union Bankshares Co. (NYSE:AUB) Director Ronald Tillett sold 4,500 shares of the business’s stock in a transaction that occurred on Monday, November 2nd. The shares were sold at an average price of $40.01, for a total value of $180,045.00. Following the sale, the director owned 30,364 shares of the company’s stock, valued at approximately $1,214,863.64. This represents a 12.91% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Atlantic Union Bankshares Stock Performance

AUB opened at $39.15 on Friday. The company has a current ratio of 0.94, a quick ratio of 0.94 and a debt-to-equity ratio of 0.17. Atlantic Union Bankshares Co. has a 1-year low of $30.87 and a 1-year high of $43.62. The company has a market cap of $5.59 billion, a price-to-earnings ratio of 10.70 and a beta of 0.83. The company’s fifty day moving average price is $39.10 and its two-hundred day moving average price is $39.10.

Atlantic Union Bankshares (NYSE:AUB) last posted its earnings results on Tuesday, October 20th. The company reported $0.96 earnings per share (EPS) for the quarter, hitting the consensus estimate of $0.96. Atlantic Union Bankshares had a net margin of 23.97% and a return on equity of 10.79%. The firm had revenue of $387.90 million during the quarter, compared to analyst estimates of $392.72 million. During the same quarter in the prior year, the business posted $0.84 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. On average, analysts expect that Atlantic Union Bankshares Co. will post 3.77 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 27th. Stockholders of record on Friday, November 13th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date is Friday, November 13th. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.37. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 43.72%.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the business. Arizona State Retirement System grew its holdings in shares of Atlantic Union Bankshares by 0.8% during the 2nd quarter. Arizona State Retirement System now owns 39,473 shares of the company’s stock worth $1,670,000 after acquiring an additional 307 shares during the period. EverSource Wealth Advisors LLC boosted its stake in Atlantic Union Bankshares by 25.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock worth $55,000 after purchasing an additional 318 shares in the last quarter. Park Avenue Securities LLC lifted its stake in shares of Atlantic Union Bankshares by 2.7% in the third quarter. Park Avenue Securities LLC now owns 12,523 shares of the company’s stock worth $475,000 after buying an additional 327 shares in the last quarter. CoreCap Advisors LLC boosted its stake in Atlantic Union Bankshares by 15.9% during the 3rd quarter. CoreCap Advisors LLC now owns 2,660 shares of the company’s stock valued at $101,000 after purchasing an additional 365 shares during the last quarter. Finally, Farther Finance Advisors LLC boosted its holdings in shares of Atlantic Union Bankshares by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock valued at $71,000 after acquiring an additional 366 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have issued reports on the company. Morgan Stanley boosted their target price on Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a research note on Monday, September 28th. Piper Sandler cut their price target on shares of Atlantic Union Bankshares from $47.00 to $45.00 and set an “overweight” rating for the company in a report on Wednesday, October 21st. Weiss Ratings raised Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Finally, TD Cowen cut their target price on shares of Atlantic Union Bankshares from $44.00 to $43.00 and set a “buy” rating for the company in a research report on Wednesday, October 21st. Four equities research analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $45.80.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, businesses, institutions and government entities.

The company offers consumer and commercial deposit accounts, residential and commercial real estate lending, business loans, personal loans, treasury and cash management services, mortgage banking, investment and wealth management, and other financial solutions.