American Century Companies Inc. Purchases 203,791 Shares of Atlantic Union Bankshares Co. $AUB

American Century Companies Inc. lifted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 19.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,259,864 shares of the company’s stock after buying an additional 203,791 shares during the quarter. American Century Companies Inc. owned approximately 1.40% of Atlantic Union Bankshares worth $39,232,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. Bank of Montreal Can boosted its stake in Atlantic Union Bankshares by 11.1% during the fourth quarter. Bank of Montreal Can now owns 11,662 shares of the company’s stock worth $442,000 after acquiring an additional 1,169 shares in the last quarter. Raymond James Financial Inc. bought a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at approximately $6,923,000. Sterling Capital Management LLC lifted its holdings in shares of Atlantic Union Bankshares by 838.1% during the fourth quarter. Sterling Capital Management LLC now owns 2,880 shares of the company’s stock valued at $109,000 after purchasing an additional 2,573 shares during the last quarter. Barclays PLC boosted its position in shares of Atlantic Union Bankshares by 8.6% in the 4th quarter. Barclays PLC now owns 202,973 shares of the company’s stock worth $7,689,000 after purchasing an additional 16,097 shares in the last quarter. Finally, Mariner LLC grew its stake in shares of Atlantic Union Bankshares by 5.0% in the 4th quarter. Mariner LLC now owns 29,031 shares of the company’s stock worth $1,100,000 after buying an additional 1,378 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.

Atlantic Union Bankshares Trading Down 0.5%

Atlantic Union Bankshares stock opened at $33.6160 on Thursday. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54. The business’s fifty day moving average is $32.34 and its 200 day moving average is $31.50. The stock has a market capitalization of $4.79 billion, a PE ratio of 14.68 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Thursday, July 24th. The company reported $0.95 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.80 by $0.15. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The business had revenue of $377.22 million for the quarter, compared to analysts’ expectations of $369.70 million. During the same quarter in the prior year, the business earned $0.63 EPS. The business’s revenue for the quarter was up 92.0% compared to the same quarter last year. On average, sell-side analysts predict that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, August 18th. Shareholders of record on Monday, August 4th were paid a dividend of $0.34 per share. The ex-dividend date was Monday, August 4th. This represents a $1.36 dividend on an annualized basis and a yield of 4.0%. Atlantic Union Bankshares’s payout ratio is currently 66.02%.

Analyst Ratings Changes

A number of research analysts have issued reports on AUB shares. Jefferies Financial Group set a $37.00 price objective on Atlantic Union Bankshares and gave the company a “buy” rating in a research note on Wednesday, May 21st. Keefe, Bruyette & Woods upped their price target on shares of Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. Piper Sandler cut their price objective on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, July 25th. Finally, Raymond James Financial reaffirmed a “strong-buy” rating on shares of Atlantic Union Bankshares in a report on Wednesday, July 30th. One investment analyst has rated the stock with a Strong Buy rating, three have given a Buy rating and two have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $38.33.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, CEO John C. Asbury bought 7,500 shares of the stock in a transaction on Monday, July 28th. The shares were bought at an average price of $32.91 per share, with a total value of $246,825.00. Following the completion of the acquisition, the chief executive officer owned 270,532 shares in the company, valued at $8,903,208.12. The trade was a 2.85% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Frank Russell Ellett purchased 5,000 shares of the business’s stock in a transaction on Thursday, August 7th. The shares were purchased at an average price of $31.54 per share, with a total value of $157,700.00. Following the completion of the purchase, the director owned 76,606 shares in the company, valued at approximately $2,416,153.24. This trade represents a 6.98% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders have bought a total of 18,941 shares of company stock worth $606,502 over the last three months. Insiders own 1.16% of the company’s stock.

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.