International Assets Investment Management LLC Acquires New Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

International Assets Investment Management LLC acquired a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 20,342 shares of the company’s stock, valued at approximately $7,660,000.

Other institutional investors also recently bought and sold shares of the company. GAMMA Investing LLC boosted its stake in Atlantic Union Bankshares by 88.6% in the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after acquiring an additional 489 shares in the last quarter. UMB Bank n.a. boosted its stake in Atlantic Union Bankshares by 77.7% in the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares in the last quarter. Blue Trust Inc. boosted its stake in Atlantic Union Bankshares by 110.2% in the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after acquiring an additional 1,095 shares in the last quarter. Family Firm Inc. acquired a new stake in Atlantic Union Bankshares in the second quarter valued at approximately $85,000. Finally, Central Pacific Bank Trust Division acquired a new stake in Atlantic Union Bankshares in the first quarter valued at approximately $179,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

AUB has been the subject of several recent analyst reports. Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. Keefe, Bruyette & Woods lifted their price objective on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a “market perform” rating in a research note on Monday, July 29th. Finally, Raymond James lowered their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.40.

Atlantic Union Bankshares Stock Down 1.4 %

AUB opened at $37.80 on Friday. The stock has a market capitalization of $3.39 billion, a price-to-earnings ratio of 15.68 and a beta of 0.89. The company has a fifty day moving average of $37.87 and a two-hundred day moving average of $35.60. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a fifty-two week low of $28.24 and a fifty-two week high of $42.50.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The business had revenue of $358.81 million during the quarter, compared to analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter in the previous year, the company earned $0.80 earnings per share. On average, research analysts expect that Atlantic Union Bankshares Co. will post 3.05 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 22nd. Investors of record on Friday, November 8th will be paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.60%. The ex-dividend date of this dividend is Friday, November 8th. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. Atlantic Union Bankshares’s dividend payout ratio is currently 56.43%.

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.