FourThought Financial LLC Raises Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

FourThought Financial LLC boosted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB – Get Rating) by 29.6% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,679 shares of the company’s stock after buying an additional 840 shares during the quarter. FourThought Financial LLC’s holdings in Atlantic Union Bankshares were worth $112,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of AUB. Quadrant Capital Group LLC raised its position in Atlantic Union Bankshares by 719.8% in the 3rd quarter. Quadrant Capital Group LLC now owns 992 shares of the company’s stock worth $30,000 after buying an additional 871 shares during the last quarter. Covestor Ltd increased its position in shares of Atlantic Union Bankshares by 78.0% during the 1st quarter. Covestor Ltd now owns 826 shares of the company’s stock valued at $30,000 after purchasing an additional 362 shares during the last quarter. Ronald Blue Trust Inc. increased its position in shares of Atlantic Union Bankshares by 7,933.3% during the 3rd quarter. Ronald Blue Trust Inc. now owns 1,205 shares of the company’s stock valued at $41,000 after purchasing an additional 1,190 shares during the last quarter. Global Retirement Partners LLC increased its position in shares of Atlantic Union Bankshares by 797.4% during the 3rd quarter. Global Retirement Partners LLC now owns 1,400 shares of the company’s stock valued at $48,000 after purchasing an additional 1,244 shares during the last quarter. Finally, Ensign Peak Advisors Inc purchased a new stake in shares of Atlantic Union Bankshares during the 3rd quarter valued at about $58,000. Hedge funds and other institutional investors own 70.53% of the company’s stock.

Atlantic Union Bankshares Trading Down 5.0 %

Shares of NASDAQ:AUB opened at $34.94 on Friday. The stock has a 50 day moving average of $37.45 and a 200 day moving average of $35.14. The company has a market cap of $2.61 billion, a PE ratio of 11.76 and a beta of 1.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.16. Atlantic Union Bankshares Co. has a 12-month low of $30.26 and a 12-month high of $41.04.

Atlantic Union Bankshares (NASDAQ:AUB – Get Rating) last announced its quarterly earnings data on Tuesday, January 24th. The company reported $0.90 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.83 by $0.07. The company had revenue of $226.57 million during the quarter, compared to the consensus estimate of $189.02 million. Atlantic Union Bankshares had a return on equity of 9.68% and a net margin of 30.11%. During the same period in the previous year, the company posted $0.71 EPS. As a group, equities research analysts expect that Atlantic Union Bankshares Co. will post 3.44 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 24th. Shareholders of record on Friday, February 10th were paid a $0.30 dividend. The ex-dividend date was Thursday, February 9th. This represents a $1.20 annualized dividend and a yield of 3.43%. Atlantic Union Bankshares’s payout ratio is 40.40%.

Analysts Set New Price Targets

Several research firms have recently commented on AUB. Piper Sandler reaffirmed an “overweight” rating and set a $42.00 price target on shares of Atlantic Union Bankshares in a research report on Monday, December 5th. Raymond James started coverage on shares of Atlantic Union Bankshares in a research report on Friday, March 3rd. They set an “outperform” rating for the company. Finally, Hovde Group started coverage on Atlantic Union Bankshares in a research note on Tuesday, November 29th. They set an “outperform” rating and a $41.00 price objective for the company.

About Atlantic Union Bankshares

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Atlantic Union Bankshares Corp. is a bank holding company, which engages in the provision of financial services. It specializes in offering community banking services. Its services include checking, savings, lending, credit cards, online and mobile banking, treasury management, business eBanking, and wealth management.