Wealthspire Advisors LLC Has $1.64 Million Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Wealthspire Advisors LLC lowered its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 18.2% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 44,848 shares of the company’s stock after selling 10,000 shares during the quarter. Wealthspire Advisors LLC owned approximately 0.06% of Atlantic Union Bankshares worth $1,639,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. Strs Ohio acquired a new stake in Atlantic Union Bankshares in the fourth quarter valued at approximately $29,000. Covestor Ltd raised its position in Atlantic Union Bankshares by 95.0% in the third quarter. Covestor Ltd now owns 1,053 shares of the company’s stock valued at $30,000 after purchasing an additional 513 shares during the last quarter. Nisa Investment Advisors LLC boosted its stake in shares of Atlantic Union Bankshares by 194.3% during the fourth quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock valued at $151,000 after purchasing an additional 2,720 shares in the last quarter. Emerald Mutual Fund Advisers Trust bought a new stake in shares of Atlantic Union Bankshares during the third quarter worth about $152,000. Finally, Beacon Investment Advisors LLC acquired a new position in shares of Atlantic Union Bankshares in the third quarter valued at approximately $210,000. 78.58% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have issued reports on AUB shares. Piper Sandler decreased their price target on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Keefe, Bruyette & Woods reduced their price target on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a research report on Wednesday, April 24th. Finally, Stephens lowered their price objective on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, April 24th.

Insider Activity at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of the firm’s stock in a transaction dated Friday, March 8th. The stock was bought at an average cost of $35.13 per share, with a total value of $245,910.00. Following the completion of the transaction, the director now directly owns 7,582 shares in the company, valued at approximately $266,355.66. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.28% of the stock is currently owned by corporate insiders.

Atlantic Union Bankshares Trading Up 0.8 %

NASDAQ AUB traded up $0.26 during mid-day trading on Thursday, reaching $34.05. 259,985 shares of the stock were exchanged, compared to its average volume of 406,554. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $3.06 billion, a P/E ratio of 12.43 and a beta of 0.94. The stock has a 50 day simple moving average of $33.53 and a 200-day simple moving average of $33.40. Atlantic Union Bankshares Co. has a one year low of $23.32 and a one year high of $37.86.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The business had revenue of $288.47 million during the quarter, compared to analyst estimates of $178.82 million. Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. During the same period in the prior year, the firm earned $0.63 earnings per share. On average, analysts anticipate that Atlantic Union Bankshares Co. will post 3.1 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Stockholders of record on Friday, May 24th will be given a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.76%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 47.06%.

About Atlantic Union Bankshares

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.