Public Sector Pension Investment Board Sells 7,100 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Public Sector Pension Investment Board decreased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3.6% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 190,449 shares of the company’s stock after selling 7,100 shares during the period. Public Sector Pension Investment Board’s holdings in Atlantic Union Bankshares were worth $7,174,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. GAMMA Investing LLC grew its position in Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after acquiring an additional 489 shares during the last quarter. UMB Bank n.a. increased its stake in Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after buying an additional 483 shares during the period. Quest Partners LLC purchased a new stake in Atlantic Union Bankshares in the 3rd quarter valued at about $56,000. Blue Trust Inc. grew its stake in Atlantic Union Bankshares by 110.2% in the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after acquiring an additional 1,095 shares in the last quarter. Finally, Family Firm Inc. purchased a new position in shares of Atlantic Union Bankshares during the second quarter worth approximately $85,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

AUB has been the subject of a number of research reports. Raymond James lowered their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods raised their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research note on Friday, November 22nd. Finally, Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Atlantic Union Bankshares Trading Up 0.4 %

AUB opened at $42.43 on Friday. Atlantic Union Bankshares Co. has a 12 month low of $30.22 and a 12 month high of $44.54. The stock has a fifty day moving average price of $39.23 and a 200-day moving average price of $36.88. The firm has a market cap of $3.81 billion, a price-to-earnings ratio of 17.61 and a beta of 0.89. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, beating the consensus estimate of $0.82 by $0.01. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. The business had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. During the same period in the prior year, the firm posted $0.80 earnings per share. As a group, equities research analysts anticipate that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Shareholders of record on Friday, November 8th were paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.21%. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 56.43%.

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.