Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Position Lifted by Central Pacific Bank Trust Division

Central Pacific Bank Trust Division lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 17.6% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 4,800 shares of the company’s stock after purchasing an additional 720 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Atlantic Union Bankshares were worth $182,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of AUB. Natixis Advisors LLC boosted its holdings in shares of Atlantic Union Bankshares by 24.2% in the third quarter. Natixis Advisors LLC now owns 60,782 shares of the company’s stock valued at $2,290,000 after acquiring an additional 11,832 shares in the last quarter. Stifel Financial Corp increased its position in shares of Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after purchasing an additional 428 shares during the period. Dynamic Technology Lab Private Ltd bought a new stake in shares of Atlantic Union Bankshares in the 3rd quarter worth $591,000. BNP Paribas Financial Markets lifted its holdings in shares of Atlantic Union Bankshares by 95.5% in the third quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock valued at $1,331,000 after buying an additional 17,265 shares during the period. Finally, Renaissance Technologies LLC bought a new position in Atlantic Union Bankshares during the second quarter valued at about $4,096,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

AUB has been the topic of several research reports. Hovde Group dropped their price target on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Raymond James cut their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods lifted their price target on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, Atlantic Union Bankshares has an average rating of “Moderate Buy” and an average price target of $42.00.

Atlantic Union Bankshares Price Performance

AUB stock opened at $37.22 on Friday. Atlantic Union Bankshares Co. has a one year low of $30.43 and a one year high of $44.54. The firm has a 50-day moving average of $40.42 and a two-hundred day moving average of $38.20. The firm has a market capitalization of $3.34 billion, a PE ratio of 15.44 and a beta of 0.91. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last issued 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 net margin of 16.25% and a return on equity of 8.85%. The business had revenue of $358.81 million during the quarter, compared to the consensus estimate of $226.70 million. During the same quarter in the prior year, the firm earned $0.80 EPS. On average, analysts forecast that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were issued a dividend of $0.34 per share. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.65%. Atlantic Union Bankshares’s payout ratio is currently 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.