Uncommon Cents Investing LLC Sells 651 Shares of Atlantic Union Bankshares Co. $AUB

Uncommon Cents Investing LLC decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 4.3% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 14,465 shares of the company’s stock after selling 651 shares during the period. Uncommon Cents Investing LLC’s holdings in Atlantic Union Bankshares were worth $452,000 as of its most recent SEC filing.

Other institutional investors also recently modified their holdings of the company. NBC Securities Inc. bought a new stake in Atlantic Union Bankshares in the first quarter valued at about $25,000. CWM LLC lifted its stake in Atlantic Union Bankshares by 99.4% during the first quarter. CWM LLC now owns 1,049 shares of the company’s stock worth $33,000 after purchasing an additional 523 shares during the period. Fifth Third Bancorp boosted its holdings in Atlantic Union Bankshares by 50.2% during the second quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock valued at $64,000 after purchasing an additional 686 shares in the last quarter. Concord Wealth Partners grew its stake in shares of Atlantic Union Bankshares by 304.1% in the 1st quarter. Concord Wealth Partners now owns 2,728 shares of the company’s stock valued at $85,000 after purchasing an additional 2,053 shares during the period. Finally, ORG Wealth Partners LLC acquired a new position in shares of Atlantic Union Bankshares in the 1st quarter worth approximately $100,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, CEO John C. Asbury bought 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was acquired at an average cost of $32.91 per share, for a total transaction 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. This trade represents a 2.85% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Director Frank Russell Ellett acquired 5,000 shares of the company’s stock in a transaction dated Thursday, August 7th. The shares were bought at an average price of $31.54 per share, for a total transaction of $157,700.00. Following the acquisition, the director directly owned 76,606 shares of the company’s stock, valued at approximately $2,416,153.24. This trade represents a 6.98% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders have bought 18,941 shares of company stock worth $606,502. 0.87% of the stock is owned by company insiders.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $35.95 on Monday. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.12 billion, a P/E ratio of 15.70 and a beta of 0.90. The business’s 50 day moving average is $34.23 and its 200-day moving average is $31.36.

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

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were given a dividend of $0.34 per share. The ex-dividend date was Monday, August 4th. This represents a $1.36 annualized dividend and a yield of 3.8%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 66.02%.

Analyst Ratings Changes

A number of research firms have commented on AUB. TD Cowen started coverage on shares of Atlantic Union Bankshares in a research report on Thursday. They issued a “buy” rating and a $46.00 price target on the stock. Raymond James Financial restated a “strong-buy” rating on shares of Atlantic Union Bankshares in a research report on Wednesday, July 30th. Keefe, Bruyette & Woods raised their price target on Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a research report on Monday, August 4th. Cowen began coverage on shares of Atlantic Union Bankshares in a research note on Wednesday. They issued a “buy” rating for the company. Finally, National Bankshares set a $46.00 price target on Atlantic Union Bankshares in a report on Wednesday. One investment analyst has rated the stock with a Strong Buy rating, five have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $40.25.

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.