Rafferty Asset Management LLC Increases Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Rafferty Asset Management LLC lifted its position in Atlantic Union Bankshares Co. (NASDAQ:AUBFree Report) by 53.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 91,183 shares of the company’s stock after buying an additional 31,873 shares during the quarter. Rafferty Asset Management LLC owned approximately 0.12% of Atlantic Union Bankshares worth $3,332,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Strs Ohio purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth about $29,000. Covestor Ltd raised 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 valued at $30,000 after purchasing an additional 513 shares in the last quarter. TFO Wealth Partners LLC raised its stake in Atlantic Union Bankshares by 386,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock valued at $141,000 after purchasing an additional 3,861 shares in the last quarter. Nisa Investment Advisors LLC raised its stake in Atlantic Union Bankshares by 194.3% in the fourth quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock valued at $151,000 after purchasing an additional 2,720 shares in the last quarter. Finally, Jump Financial LLC purchased a new stake in Atlantic Union Bankshares in the fourth quarter valued at approximately $219,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Down 0.2 %

Shares of NASDAQ AUB opened at $31.62 on Friday. Atlantic Union Bankshares Co. has a one year low of $25.22 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The firm’s 50 day simple moving average is $32.99 and its two-hundred day simple moving average is $33.81. The stock has a market capitalization of $2.84 billion, a P/E ratio of 11.63 and a beta of 0.92.

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $0.65 EPS for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. The business had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. During the same quarter in the previous year, the business earned $0.63 earnings per share. As a group, analysts expect that Atlantic Union Bankshares Co. will post 2.95 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were issued a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 4.05%. The ex-dividend date of this dividend was Thursday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio is 47.06%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Stephens lowered their target price on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Piper Sandler lowered their target price on shares of 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. Finally, Keefe, Bruyette & Woods lowered their target price 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.

Get Our Latest Report on Atlantic Union Bankshares

About Atlantic Union Bankshares

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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