Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. reduced its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 12,598 shares of the company’s stock after selling 760 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Atlantic Union Bankshares were worth $460,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Strs Ohio purchased a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at about $29,000. Covestor Ltd lifted its stake in Atlantic Union Bankshares by 95.0% in the third quarter. Covestor Ltd now owns 1,053 shares of the company’s stock worth $30,000 after acquiring an additional 513 shares during the last quarter. Nisa Investment Advisors LLC grew its holdings in Atlantic Union Bankshares by 194.3% during the 4th quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock worth $151,000 after acquiring an additional 2,720 shares in the last quarter. Beacon Investment Advisors LLC acquired a new stake in shares of Atlantic Union Bankshares in the 3rd quarter valued at $210,000. Finally, Jump Financial LLC purchased a new stake in shares of Atlantic Union Bankshares during the 4th quarter worth $219,000. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In related news, Director Donald R. Kimble bought 7,000 shares of the company’s stock in a transaction dated Friday, March 8th. The shares were acquired at an average price of $35.13 per share, with a total value of $245,910.00. Following the completion of the acquisition, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

Atlantic Union Bankshares Stock Down 0.9 %

AUB opened at $33.44 on Thursday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 11.36 and a beta of 0.94. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a one year low of $25.14 and a one year high of $37.86. The business’s 50-day simple moving average is $33.49 and its 200-day simple moving average is $33.76.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The firm had revenue of $288.47 million during the quarter, compared to analysts’ expectations of $178.82 million. Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. During the same quarter in the prior year, the firm posted $0.63 EPS. Analysts anticipate that Atlantic Union Bankshares Co. will post 2.95 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Shareholders of record on Friday, May 24th will be paid a $0.32 dividend. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a yield of 3.83%. Atlantic Union Bankshares’s dividend payout ratio is presently 47.06%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on AUB. Piper Sandler cut their price target on Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating on the stock in a research note on Monday, April 29th. Stephens decreased their target price on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th. Finally, Keefe, Bruyette & Woods dropped their price target on shares of Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating on the stock in a research note on Wednesday, April 24th.

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.