De Lisle Partners LLP Acquires 8,553 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

De Lisle Partners LLP increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 41.6% in the third quarter, according to its most recent filing with the SEC. The fund owned 29,118 shares of the company’s stock after acquiring an additional 8,553 shares during the period. De Lisle Partners LLP’s holdings in Atlantic Union Bankshares were worth $1,097,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of the business. Price T Rowe Associates Inc. MD boosted its position in Atlantic Union Bankshares by 5.8% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 50,209 shares of the company’s stock valued at $1,773,000 after buying an additional 2,741 shares during the period. First Hawaiian Bank boosted its holdings in shares of Atlantic Union Bankshares by 17.6% in the second quarter. First Hawaiian Bank now owns 19,648 shares of the company’s stock valued at $645,000 after purchasing an additional 2,938 shares during the period. SG Americas Securities LLC grew its stake in Atlantic Union Bankshares by 69.9% in the second quarter. SG Americas Securities LLC now owns 19,122 shares of the company’s stock worth $628,000 after purchasing an additional 7,868 shares in the last quarter. Diversified Trust Co purchased a new position in Atlantic Union Bankshares during the 2nd quarter worth $252,000. Finally, Raymond James & Associates raised its position in Atlantic Union Bankshares by 2.7% during the 2nd quarter. Raymond James & Associates now owns 121,394 shares of the company’s stock valued at $3,988,000 after purchasing an additional 3,192 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

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

Atlantic Union Bankshares Stock Down 0.8 %

Shares of Atlantic Union Bankshares stock opened at $42.24 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The company has a market cap of $3.79 billion, a P/E ratio of 14.62 and a beta of 0.89. The firm’s 50 day moving average price is $39.09 and its 200-day moving average price is $36.77. Atlantic Union Bankshares Co. has a 52-week low of $30.22 and a 52-week high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping 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 for the quarter, compared to analyst estimates of $226.70 million. During the same period in the previous year, the company earned $0.80 earnings per share. On average, sell-side analysts predict that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were given a dividend of $0.34 per share. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. This represents a $1.36 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio is currently 56.43%.

Atlantic Union Bankshares Profile

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.