Atlantic Union Bankshares Co. (NASDAQ:AUB) Director Frank Russell Ellett Acquires 5,000 Shares of Stock

Atlantic Union Bankshares Co. (NASDAQ:AUBGet Free Report) Director Frank Russell Ellett bought 5,000 shares of the stock in a transaction dated Thursday, June 6th. The shares were acquired at an average price of $31.71 per share, with a total value of $158,550.00. Following the completion of the purchase, the director now directly owns 47,334 shares of the company’s stock, valued at $1,500,961.14. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Frank Russell Ellett also recently made the following trade(s):

  • On Monday, June 10th, Frank Russell Ellett acquired 4,467 shares of Atlantic Union Bankshares stock. The shares were acquired at an average price of $30.85 per share, with a total value of $137,806.95.

Atlantic Union Bankshares Stock Performance

AUB stock opened at $30.82 on Tuesday. The firm has a market cap of $2.77 billion, a P/E ratio of 11.33 and a beta of 0.92. The stock’s 50 day simple moving average is $32.84 and its 200 day simple moving average is $33.83. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.15. Atlantic Union Bankshares Co. has a 12-month low of $25.22 and a 12-month high of $37.86.

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

Atlantic Union Bankshares Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, June 7th. Stockholders of record on Friday, May 24th were issued a dividend of $0.32 per share. This represents a $1.28 annualized dividend and a dividend yield of 4.15%. The ex-dividend date of this dividend was Thursday, May 23rd. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 47.06%.

Wall Street Analysts Forecast Growth

AUB has been the subject of several research analyst reports. Keefe, Bruyette & Woods reduced their target price on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a research note on Wednesday, April 24th. Piper Sandler decreased their price objective on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a report on Monday, April 29th. Finally, Stephens cut 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.

View Our Latest Report on AUB

Institutional Trading of Atlantic Union Bankshares

Several hedge funds have recently made changes to their positions in the stock. Norges Bank acquired a new position in Atlantic Union Bankshares during the 4th quarter valued at about $18,902,000. Westwood Holdings Group Inc. boosted its position in shares of Atlantic Union Bankshares by 19.0% during the first quarter. Westwood Holdings Group Inc. now owns 2,627,756 shares of the company’s stock worth $92,786,000 after buying an additional 419,793 shares during the period. Franklin Resources Inc. boosted its position in shares of Atlantic Union Bankshares by 41.5% during the fourth quarter. Franklin Resources Inc. now owns 892,883 shares of the company’s stock worth $32,626,000 after buying an additional 261,825 shares during the period. Hsbc Holdings PLC grew its holdings in Atlantic Union Bankshares by 112.0% in the 4th quarter. Hsbc Holdings PLC now owns 464,349 shares of the company’s stock worth $17,068,000 after buying an additional 245,357 shares in the last quarter. Finally, Goldman Sachs Group Inc. increased its position in Atlantic Union Bankshares by 19.9% in the 4th quarter. Goldman Sachs Group Inc. now owns 971,363 shares of the company’s stock valued at $35,494,000 after acquiring an additional 161,479 shares during the period. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Company Profile

(Get 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.

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