Swiss National Bank Has $6.60 Million Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Swiss National Bank cut its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 0.5% in the third quarter, Holdings Channel.com reports. The fund owned 175,247 shares of the company’s stock after selling 900 shares during the quarter. Swiss National Bank’s holdings in Atlantic Union Bankshares were worth $6,602,000 as of its most recent SEC filing.

Several other large investors also recently added to or reduced their stakes in the business. GAMMA Investing LLC boosted its stake in shares of Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after acquiring an additional 489 shares in the last quarter. UMB Bank n.a. boosted its position in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after purchasing an additional 483 shares during the period. Blue Trust Inc. grew its holdings in Atlantic Union Bankshares by 110.2% during the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after purchasing an additional 1,095 shares during the last quarter. Family Firm Inc. bought a new position in shares of Atlantic Union Bankshares in the second quarter valued at approximately $85,000. Finally, ZWJ Investment Counsel Inc. acquired a new stake in shares of Atlantic Union Bankshares in the third quarter worth $202,000. 78.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several brokerages recently commented on AUB. Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Raymond James cut their price objective on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods raised their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $42.00.

Atlantic Union Bankshares Stock Down 2.3 %

Shares of AUB opened at $42.57 on Wednesday. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. The company has a 50-day simple moving average of $38.93 and a 200-day simple moving average of $36.67. Atlantic Union Bankshares Co. has a 52 week low of $30.22 and a 52 week high of $44.54. The firm has a market capitalization of $3.82 billion, a P/E ratio of 17.66 and a beta of 0.89.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The firm had revenue of $358.81 million during the quarter, compared to analysts’ expectations of $226.70 million. During the same quarter in the prior year, the firm posted $0.80 EPS. On average, equities research analysts expect that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a $0.34 dividend. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.19%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 56.43%.

Atlantic Union Bankshares 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.