Hantz Financial Services Inc. Acquires Shares of 28,460 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Hantz Financial Services Inc. acquired a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) in the second quarter, according to its most recent disclosure with the SEC. The firm acquired 28,460 shares of the company’s stock, valued at approximately $935,000.

A number of other institutional investors have also added to or reduced their stakes in the stock. Vista Investment Management grew its holdings in Atlantic Union Bankshares by 4.6% during the 4th quarter. Vista Investment Management now owns 9,030 shares of the company’s stock valued at $330,000 after buying an additional 395 shares in the last quarter. Park Avenue Securities LLC grew its holdings in shares of Atlantic Union Bankshares by 4.6% in the first quarter. Park Avenue Securities LLC now owns 10,178 shares of the company’s stock valued at $359,000 after purchasing an additional 444 shares in the last quarter. Brown Advisory Inc. grew its holdings in shares of Atlantic Union Bankshares by 3.3% in the fourth quarter. Brown Advisory Inc. now owns 16,464 shares of the company’s stock valued at $602,000 after purchasing an additional 520 shares in the last quarter. Canal Capital Management LLC grew its holdings in shares of Atlantic Union Bankshares by 0.8% in the first quarter. Canal Capital Management LLC now owns 66,490 shares of the company’s stock valued at $2,348,000 after purchasing an additional 536 shares in the last quarter. Finally, Mather Group LLC. purchased a new position in shares of Atlantic Union Bankshares in the first quarter valued at $27,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Up 0.1 %

NASDAQ AUB opened at $39.68 on Friday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The company has a fifty day moving average of $36.86 and a two-hundred day moving average of $34.43. The firm has a market capitalization of $3.56 billion, a price-to-earnings ratio of 13.87 and a beta of 0.90. Atlantic Union Bankshares Co. has a 52 week low of $26.91 and a 52 week high of $42.50.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05). The firm had revenue of $212.20 million for the quarter, compared to analysts’ expectations of $216.03 million. Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. The firm’s quarterly revenue was up 17.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.74 earnings per share. On average, analysts predict that Atlantic Union Bankshares Co. will post 3.04 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, August 23rd. Stockholders of record on Friday, August 9th were given a dividend of $0.32 per share. The ex-dividend date of this dividend was Friday, August 9th. This represents a $1.28 annualized dividend and a dividend yield of 3.23%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 47.06%.

Analyst Upgrades and Downgrades

AUB has been the subject of a number of recent research reports. Hovde Group raised their target price on shares of Atlantic Union Bankshares from $40.00 to $46.00 and gave the company an “outperform” rating in a report on Friday, July 26th. Keefe, Bruyette & Woods raised their target price on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a report on Monday, July 29th. One research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average target price of $40.20.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Frank Russell Ellett bought 4,467 shares of the firm’s stock in a transaction dated Monday, June 10th. The stock was acquired at an average cost of $30.85 per share, for a total transaction of $137,806.95. Following the completion of the transaction, the director now owns 56,801 shares in the company, valued at $1,752,310.85. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 0.87% of the company’s stock.

Atlantic Union Bankshares Company 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.