Atlantic Union Bankshares Co. (NYSE:AUB - Get Free Report) Director Ronald Tillett sold 4,500 shares of the stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $40.01, for a total transaction of $180,045.00. Following the transaction, the director owned 30,364 shares of the company's stock, valued at approximately $1,214,863.64. This represents a 12.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link.
Atlantic Union Bankshares Price Performance
Shares of NYSE AUB opened at $39.55 on Wednesday. The stock has a market capitalization of $5.65 billion, a price-to-earnings ratio of 10.81 and a beta of 0.83. The business has a 50-day moving average of $39.14 and a 200-day moving average of $39.09. The company has a debt-to-equity ratio of 0.17, a current ratio of 0.94 and a quick ratio of 0.94. Atlantic Union Bankshares Co. has a fifty-two week low of $30.87 and a fifty-two week high of $43.62.
Atlantic Union Bankshares (NYSE:AUB - Get Free Report) last released its earnings results on Tuesday, October 20th. The company reported $0.96 earnings per share (EPS) for the quarter, meeting analysts' consensus estimates of $0.96. Atlantic Union Bankshares had a return on equity of 10.79% and a net margin of 23.97%. The business had revenue of $387.90 million for the quarter, compared to the consensus estimate of $392.72 million. During the same quarter in the previous year, the business earned $0.84 earnings per share. Atlantic Union Bankshares's quarterly revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts predict that Atlantic Union Bankshares Co. will post 3.77 earnings per share for the current fiscal year.
Atlantic Union Bankshares Increases Dividend
The business also recently declared a quarterly dividend, which will be paid on Friday, November 27th. Shareholders of record on Friday, November 13th will be paid a $0.40 dividend. This is a positive change from Atlantic Union Bankshares's previous quarterly dividend of $0.37. This represents a $1.60 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date is Friday, November 13th. Atlantic Union Bankshares's dividend payout ratio is 40.44%.
Analyst Ratings Changes
A number of brokerages have recently issued reports on AUB. Morgan Stanley upped their price objective on Atlantic Union Bankshares from $49.00 to $50.00 and gave the stock an "equal weight" rating in a research note on Monday, September 28th. TD Cowen decreased their target price 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. Piper Sandler decreased their target price on shares of 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. Finally, Weiss Ratings upgraded shares of Atlantic Union Bankshares from a "buy (b-)" rating to a "buy (b)" rating in a report on Thursday, October 8th. Four research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $45.80.
View Our Latest Report on AUB
Institutional Investors Weigh In On Atlantic Union Bankshares
A number of institutional investors and hedge funds have recently modified their holdings of AUB. Nykredit A S acquired a new stake in Atlantic Union Bankshares in the 2nd quarter valued at about $51,000. EverSource Wealth Advisors LLC grew its holdings in Atlantic Union Bankshares by 25.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company's stock worth $55,000 after purchasing an additional 318 shares during the period. Heritage Family Offices LLP bought a new position in Atlantic Union Bankshares during the third quarter worth about $58,000. State of Wyoming bought a new position in Atlantic Union Bankshares during the third quarter worth about $62,000. Finally, Farther Finance Advisors LLC increased its position in Atlantic Union Bankshares by 24.2% during the third quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company's stock worth $71,000 after buying an additional 366 shares during the last quarter. 78.58% of the stock is owned by institutional investors.
Atlantic Union Bankshares Company Profile
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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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