LPL Financial LLC Acquires 5,155 Shares of Atlantic Union Bankshares Co. $AUB

LPL Financial LLC grew its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.9% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 92,014 shares of the company’s stock after acquiring an additional 5,155 shares during the period. LPL Financial LLC owned 0.10% of Atlantic Union Bankshares worth $2,865,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. NBC Securities Inc. bought a new position in shares of Atlantic Union Bankshares during the 1st quarter worth about $25,000. CWM LLC raised its holdings in shares of Atlantic Union Bankshares by 99.4% in the 1st quarter. CWM LLC now owns 1,049 shares of the company’s stock worth $33,000 after acquiring an additional 523 shares during the last quarter. Investment Management Corp VA ADV purchased a new stake in Atlantic Union Bankshares in the 4th quarter valued at about $72,000. Concord Wealth Partners increased its stake in Atlantic Union Bankshares by 304.1% in the 1st quarter. Concord Wealth Partners now owns 2,728 shares of the company’s stock valued at $85,000 after buying an additional 2,053 shares during the last quarter. Finally, ORG Wealth Partners LLC purchased a new stake in Atlantic Union Bankshares in the 1st quarter valued at about $100,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Frank Russell Ellett purchased 1,441 shares of the stock in a transaction on Friday, August 8th. The stock was acquired at an average cost of $31.49 per share, with a total value of $45,377.09. Following the completion of the purchase, the director directly owned 78,047 shares of the company’s stock, valued at approximately $2,457,700.03. This trade represents a 1.88% increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO John C. Asbury purchased 7,500 shares of the stock in a transaction on Monday, July 28th. The stock was acquired at an average cost of $32.91 per share, with a total value of $246,825.00. Following the completion of the purchase, the chief executive officer directly owned 270,532 shares of the company’s stock, valued at $8,903,208.12. The trade was a 2.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders acquired 18,941 shares of company stock valued at $606,502 over the last three months. 0.87% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

AUB has been the subject of several analyst reports. Keefe, Bruyette & Woods increased their price objective on shares of Atlantic Union Bankshares from $33.00 to $34.00 and gave the company a “market perform” rating in a research note on Monday, August 4th. Raymond James Financial restated a “strong-buy” rating on shares of Atlantic Union Bankshares in a research note on Wednesday, July 30th. Jefferies Financial Group set a $37.00 price target on shares of Atlantic Union Bankshares and gave the stock a “buy” rating in a research note on Wednesday, May 21st. Finally, Piper Sandler decreased their price target on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “overweight” rating for the company in a research note on Friday, July 25th. Two investment analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $38.33.

Atlantic Union Bankshares Stock Down 1.8%

AUB opened at $33.58 on Monday. The company has a fifty day moving average price of $32.22 and a 200-day moving average price of $31.50. The firm has a market capitalization of $4.79 billion, a P/E ratio of 14.66 and a beta of 0.88. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a one year low of $22.85 and a one year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Thursday, July 24th. The company reported $0.95 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $377.22 million during the quarter, compared to the consensus estimate of $369.70 million. During the same period in the previous year, the firm posted $0.63 EPS. The firm’s revenue was up 92.0% compared to the same quarter last year. Equities research analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, August 18th. Shareholders of record on Monday, August 4th will be paid a $0.34 dividend. The ex-dividend date of this dividend is Monday, August 4th. This represents a $1.36 annualized dividend and a yield of 4.1%. Atlantic Union Bankshares’s payout ratio is currently 66.02%.

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.