Atlantic Union Bankshares Co. (NASDAQ:AUB) Short Interest Down 20.8% in August

Atlantic Union Bankshares Co. (NASDAQ:AUBGet Rating) was the recipient of a large decline in short interest during the month of August. As of August 31st, there was short interest totalling 1,220,000 shares, a decline of 20.8% from the August 15th total of 1,540,000 shares. Based on an average trading volume of 305,300 shares, the days-to-cover ratio is presently 4.0 days. Currently, 1.7% of the company’s stock are sold short.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $33.33 on Friday. The company’s 50-day moving average is $33.83 and its 200 day moving average is $35.00. The company has a debt-to-equity ratio of 0.16, a quick ratio of 0.83 and a current ratio of 0.83. The company has a market capitalization of $2.50 billion, a P/E ratio of 11.65 and a beta of 1.07. Atlantic Union Bankshares has a fifty-two week low of $31.44 and a fifty-two week high of $42.67.

Atlantic Union Bankshares (NASDAQ:AUBGet Rating) last released its quarterly earnings data on Thursday, July 21st. The company reported $0.69 EPS for the quarter. The business had revenue of $180.63 million for the quarter, compared to the consensus estimate of $172.93 million. Atlantic Union Bankshares had a net margin of 31.89% and a return on equity of 9.08%. During the same period in the prior year, the firm earned $1.05 earnings per share.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, August 26th. Shareholders of record on Friday, August 12th were issued a dividend of $0.30 per share. The ex-dividend date of this dividend was Thursday, August 11th. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.28. This represents a $1.20 annualized dividend and a yield of 3.60%. Atlantic Union Bankshares’s dividend payout ratio is 41.96%.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Ronald L. Tillett sold 2,500 shares of Atlantic Union Bankshares stock in a transaction on Monday, July 25th. The shares were sold at an average price of $34.48, for a total transaction of $86,200.00. Following the transaction, the director now directly owns 27,482 shares of the company’s stock, valued at approximately $947,579.36. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.01% of the company’s stock.

Institutional Investors Weigh In On Atlantic Union Bankshares

Several institutional investors have recently added to or reduced their stakes in AUB. Steward Partners Investment Advisory LLC increased its position in shares of Atlantic Union Bankshares by 7.8% in the first quarter. Steward Partners Investment Advisory LLC now owns 28,562 shares of the company’s stock worth $1,048,000 after purchasing an additional 2,071 shares during the last quarter. Point72 Hong Kong Ltd bought a new position in shares of Atlantic Union Bankshares in the fourth quarter worth approximately $131,000. New York State Common Retirement Fund increased its position in shares of Atlantic Union Bankshares by 3.9% in the first quarter. New York State Common Retirement Fund now owns 82,546 shares of the company’s stock worth $3,029,000 after purchasing an additional 3,118 shares during the last quarter. Barclays PLC increased its position in shares of Atlantic Union Bankshares by 55.3% in the fourth quarter. Barclays PLC now owns 141,687 shares of the company’s stock worth $5,284,000 after purchasing an additional 50,462 shares during the last quarter. Finally, First National Bank of Omaha increased its position in shares of Atlantic Union Bankshares by 1.7% in the first quarter. First National Bank of Omaha now owns 62,907 shares of the company’s stock worth $2,308,000 after purchasing an additional 1,064 shares during the last quarter. 69.95% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Separately, Compass Point cut their price target on shares of Atlantic Union Bankshares to $50.00 in a report on Friday, July 22nd.

Atlantic Union Bankshares Company Profile

(Get Rating)

Atlantic Union Bankshares Corporation operates as the holding company for Atlantic Union Bank that provides banking and related financial services to consumers and businesses. The company accepts various deposit products, including checking, savings, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services.

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