Natixis Advisors L.P. Acquires 15,160 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Natixis Advisors L.P. increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 47.1% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,369 shares of the company’s stock after buying an additional 15,160 shares during the period. Natixis Advisors L.P. owned about 0.06% of Atlantic Union Bankshares worth $1,660,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of AUB. Raymond James & Associates raised its stake in Atlantic Union Bankshares by 15.3% in the first quarter. Raymond James & Associates now owns 90,842 shares of the company’s stock worth $3,333,000 after buying an additional 12,059 shares in the last quarter. Bank of New York Mellon Corp raised its stake in Atlantic Union Bankshares by 1.7% in the first quarter. Bank of New York Mellon Corp now owns 533,921 shares of the company’s stock worth $19,590,000 after buying an additional 9,157 shares in the last quarter. American Century Companies Inc. raised its stake in Atlantic Union Bankshares by 49.6% in the first quarter. American Century Companies Inc. now owns 64,350 shares of the company’s stock worth $2,361,000 after buying an additional 21,347 shares in the last quarter. US Bancorp DE raised its stake in Atlantic Union Bankshares by 14.1% in the first quarter. US Bancorp DE now owns 13,593 shares of the company’s stock worth $499,000 after buying an additional 1,675 shares in the last quarter. Finally, Bank of Montreal Can bought a new position in Atlantic Union Bankshares in the first quarter worth approximately $501,000. Institutional investors own 77.64% of the company’s stock.

Atlantic Union Bankshares Price Performance

NASDAQ AUB opened at $30.44 on Monday. The firm’s fifty day simple moving average is $29.55 and its two-hundred day simple moving average is $30.63. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.16. Atlantic Union Bankshares Co. has a 12-month low of $23.32 and a 12-month high of $41.04. The firm has a market capitalization of $2.28 billion, a P/E ratio of 10.11 and a beta of 1.05.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Tuesday, July 25th. The company reported $0.74 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.69 by $0.05. Atlantic Union Bankshares had a net margin of 24.25% and a return on equity of 9.97%. The business had revenue of $179.95 million for the quarter, compared to analyst estimates of $177.87 million. During the same period in the previous year, the company earned $0.69 earnings per share. The business’s revenue for the quarter was down .4% on a year-over-year basis. Analysts forecast that Atlantic Union Bankshares Co. will post 2.75 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 25th. Shareholders of record on Friday, August 11th were issued a $0.30 dividend. This represents a $1.20 annualized dividend and a yield of 3.94%. The ex-dividend date of this dividend was Thursday, August 10th. Atlantic Union Bankshares’s dividend payout ratio is currently 43.17%.

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, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services.