Nisa Investment Advisors LLC Acquires 2,720 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Nisa Investment Advisors LLC boosted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 194.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,120 shares of the company’s stock after purchasing an additional 2,720 shares during the quarter. Nisa Investment Advisors LLC’s holdings in Atlantic Union Bankshares were worth $151,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. BlackRock Inc. boosted its position in shares of Atlantic Union Bankshares by 99.7% during the 1st quarter. BlackRock Inc. now owns 11,039,306 shares of the company’s stock valued at $386,928,000 after acquiring an additional 5,511,312 shares during the last quarter. Vanguard Group Inc. boosted its position in shares of Atlantic Union Bankshares by 5.4% during the 3rd quarter. Vanguard Group Inc. now owns 8,034,129 shares of the company’s stock valued at $244,076,000 after acquiring an additional 410,539 shares during the last quarter. Dimensional Fund Advisors LP raised its holdings in Atlantic Union Bankshares by 1.3% during the 1st quarter. Dimensional Fund Advisors LP now owns 4,659,886 shares of the company’s stock valued at $170,973,000 after buying an additional 58,055 shares during the period. Wellington Management Group LLP raised its holdings in Atlantic Union Bankshares by 10.9% during the 1st quarter. Wellington Management Group LLP now owns 4,270,344 shares of the company’s stock valued at $156,679,000 after buying an additional 419,845 shares during the period. Finally, State Street Corp raised its holdings in Atlantic Union Bankshares by 25.3% during the 2nd quarter. State Street Corp now owns 4,107,277 shares of the company’s stock valued at $106,584,000 after buying an additional 829,066 shares during the period. 78.58% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

Separately, Raymond James increased their price target on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, January 5th.

Atlantic Union Bankshares Stock Performance

NASDAQ:AUB opened at $33.22 on Friday. The stock’s fifty day moving average is $33.64 and its 200 day moving average is $33.01. Atlantic Union Bankshares Co. has a fifty-two week low of $23.32 and a fifty-two week high of $37.86. The firm has a market capitalization of $2.50 billion, a PE ratio of 10.91 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 (NASDAQ:AUB) last released its earnings results on Tuesday, January 23rd. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. Atlantic Union Bankshares had a return on equity of 9.51% and a net margin of 19.31%. The business had revenue of $289.46 million for the quarter, compared to analyst estimates of $179.72 million. During the same quarter last year, the firm posted $0.90 earnings per share. On average, sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 3.24 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were paid a $0.32 dividend. The ex-dividend date of this dividend was Thursday, February 8th. This represents a $1.28 dividend on an annualized basis and a yield of 3.85%. Atlantic Union Bankshares’s payout ratio is 50.39%.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of Atlantic Union Bankshares stock in a transaction on Friday, March 8th. The shares were acquired at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the purchase, the director now directly owns 7,582 shares in the company, valued at approximately $266,355.66. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.87% of the company’s stock.

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.