Key Points
- Atlantic Union Bankshares EVP Matthew Linderman sold 7,746 shares at an average price of $40, generating $309,840. His remaining holdings fell 42.56% to 10,455 shares.
- The company reported quarterly EPS of $0.96, matching estimates, while revenue of $387.9 million came in below expectations but rose 3.3% year over year.
- Analysts maintain a “Moderate Buy” consensus with an average price target of $45.80, compared with the stock’s opening price of $39.70.
Atlantic Union Bankshares Co. (NYSE:AUB - Get Free Report) EVP Matthew Linderman sold 7,746 shares of Atlantic Union Bankshares 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 transaction, the executive vice president directly owned 10,455 shares of the company's stock, valued at $418,200. This represents a 42.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link.
Atlantic Union Bankshares Stock Down 0.5%
Shares of NYSE:AUB opened at $39.70 on Tuesday. The company has a market capitalization of $5.67 billion, a price-to-earnings ratio of 10.85 and a beta of 0.80. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.94 and a quick ratio of 0.94. The business's 50-day moving average is $39.37 and its 200-day moving average is $39.01. Atlantic Union Bankshares Co. has a 1 year low of $30.87 and a 1 year high of $43.62.
Atlantic Union Bankshares (NYSE:AUB - Get Free Report) last announced its earnings results on Tuesday, October 20th. The company reported $0.96 EPS for the quarter, meeting the consensus estimate of $0.96. Atlantic Union Bankshares had a return on equity of 10.79% and a net margin of 23.97%. The company had revenue of $387.90 million for the quarter, compared to analyst estimates of $392.72 million. During the same quarter in the prior year, the company earned $0.84 EPS. The firm's revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts predict that Atlantic Union Bankshares Co. will post 3.77 earnings per share for the current year.
Institutional Investors Weigh In On Atlantic Union Bankshares
Several hedge funds and other institutional investors have recently modified their holdings of AUB. Nykredit A S acquired a new position in shares of Atlantic Union Bankshares during the second quarter worth approximately $51,000. EverSource Wealth Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 25.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company's stock worth $55,000 after purchasing an additional 318 shares in the last quarter. Farther Finance Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 24.2% in the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company's stock worth $71,000 after purchasing an additional 366 shares in the last quarter. CoreCap Advisors LLC grew its position in Atlantic Union Bankshares by 15.9% in the 3rd quarter. CoreCap Advisors LLC now owns 2,660 shares of the company's stock valued at $101,000 after purchasing an additional 365 shares during the period. Finally, Cassaday & Co Wealth Management LLC acquired a new stake in Atlantic Union Bankshares in the 1st quarter valued at $104,000. Institutional investors own 78.58% of the company's stock.
Wall Street Analyst Weigh In
AUB has been the topic of several recent analyst reports. Weiss Ratings raised Atlantic Union Bankshares from a "buy (b-)" rating to a "buy (b)" rating in a research note on Thursday, October 8th. Piper Sandler reduced their price objective on shares of Atlantic Union Bankshares from $47.00 to $45.00 and set an "overweight" rating for the company in a research report on Wednesday, October 21st. TD Cowen lowered their price objective on shares of Atlantic Union Bankshares from $44.00 to $43.00 and set a "buy" rating for the company in a research note on Wednesday, October 21st. Finally, Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an "equal weight" rating in a research report on Monday, September 28th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. Based on data from MarketBeat, Atlantic Union Bankshares currently has a consensus rating of "Moderate Buy" and a consensus price target of $45.80.
View Our Latest Stock Analysis on Atlantic Union Bankshares
About Atlantic Union Bankshares
(
Get Free Report)
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.
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