Atlantic Union Bankshares Co. $AUB Stock Position Increased by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. raised its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 8.5% during the 4th quarter, Holdings Channel reports. The firm owned 742,657 shares of the company’s stock after purchasing an additional 58,300 shares during the quarter. Atlantic Union Bankshares comprises 4.9% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 5th biggest holding. Stieven Capital Advisors L.P.’s holdings in Atlantic Union Bankshares were worth $26,216,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently modified their holdings of the company. IFP Advisors Inc lifted its holdings in shares of Atlantic Union Bankshares by 362.5% in the fourth quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $26,000 after purchasing an additional 580 shares in the last quarter. Westside Investment Management Inc. lifted its holdings in shares of Atlantic Union Bankshares by 100.0% in the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after purchasing an additional 390 shares in the last quarter. EverSource Wealth Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 504.7% in the second quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after purchasing an additional 1,287 shares in the last quarter. Abich Financial Wealth Management LLC purchased a new stake in shares of Atlantic Union Bankshares in the third quarter valued at about $50,000. Finally, UMB Bank n.a. lifted its holdings in shares of Atlantic Union Bankshares by 32.5% in the third quarter. UMB Bank n.a. now owns 1,660 shares of the company’s stock valued at $59,000 after purchasing an additional 407 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Insider Buying and Selling at Atlantic Union Bankshares

In related news, Director Nancy H. Agee purchased 650 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The stock was purchased at an average price of $39.05 per share, with a total value of $25,382.50. Following the completion of the transaction, the director owned 37,797 shares of the company’s stock, valued at approximately $1,475,972.85. This trade represents a 1.75% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 0.96% of the stock is currently owned by corporate insiders.

Atlantic Union Bankshares Stock Performance

NASDAQ:AUB opened at $37.55 on Friday. The firm has a 50 day simple moving average of $36.67 and a 200-day simple moving average of $36.63. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market cap of $5.37 billion, a PE ratio of 16.40 and a beta of 0.80. Atlantic Union Bankshares Co. has a 1-year low of $28.11 and a 1-year high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). The firm had revenue of $371.71 million during the quarter, compared to analyst estimates of $391.24 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same period in the prior year, the firm earned $0.90 EPS. On average, equities analysts expect that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Stockholders of record on Friday, May 22nd will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, May 22nd. Atlantic Union Bankshares’s payout ratio is currently 62.71%.

Analyst Upgrades and Downgrades

AUB has been the topic of several recent research reports. TD Cowen upped their price target on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Morgan Stanley upped their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Stephens boosted their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a research report on Monday, January 26th. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Finally, Piper Sandler cut their price objective on shares of Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating for the company in a research report on Wednesday, April 22nd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $43.63.

About Atlantic Union Bankshares

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.