Mirabella Financial Services LLP Has $6.75 Million Holdings in Atlantic Union Bankshares Co. $AUB

Mirabella Financial Services LLP reduced its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 64.0% in the 3rd quarter, Holdings Channel reports. The firm owned 191,238 shares of the company’s stock after selling 340,237 shares during the quarter. Mirabella Financial Services LLP’s holdings in Atlantic Union Bankshares were worth $6,749,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently bought and sold shares of the business. Westside Investment Management Inc. lifted its holdings in shares of Atlantic Union Bankshares by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after acquiring an additional 390 shares during the period. Farther Finance Advisors LLC raised its position in Atlantic Union Bankshares by 309.5% in the third quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after purchasing an additional 653 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new position in Atlantic Union Bankshares in the third quarter worth about $50,000. Nomura Asset Management Co. Ltd. lifted its stake in Atlantic Union Bankshares by 64.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock worth $48,000 after purchasing an additional 603 shares during the period. Finally, EverSource Wealth Advisors LLC boosted its holdings in Atlantic Union Bankshares by 504.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after purchasing an additional 1,287 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 0.3%

Shares of NASDAQ AUB opened at $34.19 on Tuesday. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $42.18. The company has a 50-day moving average of $38.42 and a two-hundred day moving average of $36.03. The company has a market cap of $4.87 billion, a PE ratio of 14.93 and a beta of 0.82. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.86 by $0.11. The business had revenue of $391.33 million for the quarter, compared to analysts’ expectations of $378.95 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period in the prior year, the firm earned $0.67 earnings per share. As a group, equities analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were issued a $0.37 dividend. This represents a $1.48 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio is currently 72.55%.

Analyst Upgrades and Downgrades

Several analysts recently commented on AUB shares. Zacks Research raised Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Piper Sandler lifted their price objective on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a report on Thursday, February 5th. Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Stephens increased their target price on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Finally, TD Cowen restated a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and an average price target of $43.17.

About Atlantic Union Bankshares

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.