Atlantic Union Bankshares (NYSE:AUB) EVP Sells $309,840.00 in Stock

Atlantic Union Bankshares Co. (NYSE:AUB) EVP Matthew Linderman sold 7,746 shares of the stock in a transaction on Thursday, October 22nd. The stock was sold at an average price of $40.00, for a total transaction of $309,840.00. Following the sale, the executive vice president owned 10,455 shares of the company’s stock, valued at approximately $418,200. This represents a 42.56% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.

Atlantic Union Bankshares Trading Down 0.5%

Shares of Atlantic Union Bankshares stock opened at $39.22 on Thursday. Atlantic Union Bankshares Co. has a 1 year low of $30.87 and a 1 year high of $43.62. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.94 and a current ratio of 0.94. The company has a market capitalization of $5.60 billion, a P/E ratio of 10.72 and a beta of 0.80. The company’s fifty day moving average is $39.24 and its two-hundred day moving average is $39.03.

Atlantic Union Bankshares (NYSE:AUB) last posted its quarterly earnings data on Tuesday, October 20th. The company reported $0.96 EPS for the quarter, meeting analysts’ consensus estimates of $0.96. Atlantic Union Bankshares had a net margin of 23.97% and a return on equity of 10.79%. The company had revenue of $387.90 million for the quarter, compared to analyst estimates of $392.72 million. During the same period in the previous year, the business posted $0.84 earnings per share. Atlantic Union Bankshares’s quarterly revenue was up 3.3% on a year-over-year basis. Analysts forecast that Atlantic Union Bankshares Co. will post 3.77 earnings per share for the current year.

Hedge Funds Weigh In On Atlantic Union Bankshares

Several institutional investors and hedge funds have recently added to or reduced their stakes in AUB. Dimensional Fund Advisors LP lifted its stake in shares of Atlantic Union Bankshares by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,635,464 shares of the company’s stock valued at $272,883,000 after purchasing an additional 102,821 shares during the period. Congress Asset Management Co. grew its position in Atlantic Union Bankshares by 1.2% during the third quarter. Congress Asset Management Co. now owns 2,531,692 shares of the company’s stock worth $96,078,000 after buying an additional 30,528 shares during the period. Principal Financial Group Inc. grew its position in Atlantic Union Bankshares by 40.1% during the first quarter. Principal Financial Group Inc. now owns 951,373 shares of the company’s stock worth $34,002,000 after buying an additional 272,119 shares during the period. Bank of America Corp DE grew its position in Atlantic Union Bankshares by 53.4% during the first quarter. Bank of America Corp DE now owns 886,978 shares of the company’s stock worth $31,701,000 after buying an additional 308,934 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Atlantic Union Bankshares by 20.8% in the second quarter. Wellington Management Group LLP now owns 721,211 shares of the company’s stock valued at $30,514,000 after buying an additional 124,135 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Atlantic Union Bankshares Company Profile

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.