Deutsche Bank AG Sells 6,581 Shares of Atlantic Union Bankshares Co. $AUB

Deutsche Bank AG lowered its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 8.5% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 71,112 shares of the company’s stock after selling 6,581 shares during the period. Deutsche Bank AG owned approximately 0.08% of Atlantic Union Bankshares worth $2,214,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Charles Schwab Investment Management Inc. increased its position in shares of Atlantic Union Bankshares by 4.8% in the first quarter. Charles Schwab Investment Management Inc. now owns 1,104,606 shares of the company’s stock worth $34,397,000 after purchasing an additional 50,493 shares during the period. Vanguard Group Inc. increased its position in shares of Atlantic Union Bankshares by 8.9% in the first quarter. Vanguard Group Inc. now owns 11,932,493 shares of the company’s stock worth $371,578,000 after purchasing an additional 978,793 shares during the period. New Age Alpha Advisors LLC bought a new position in shares of Atlantic Union Bankshares in the first quarter worth $403,000. GSA Capital Partners LLP increased its position in shares of Atlantic Union Bankshares by 33.1% in the first quarter. GSA Capital Partners LLP now owns 46,805 shares of the company’s stock worth $1,458,000 after purchasing an additional 11,631 shares during the period. Finally, First National Advisers LLC bought a new position in shares of Atlantic Union Bankshares in the first quarter worth $342,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $33.6160 on Thursday. The business’s 50-day moving average price is $32.34 and its 200-day moving average price is $31.50. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $44.54. The firm has a market capitalization of $4.79 billion, a price-to-earnings ratio of 14.68 and a beta of 0.88. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Thursday, July 24th. The company reported $0.95 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.15. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business 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 company posted $0.63 earnings per share. The firm’s revenue for the quarter was up 92.0% on a year-over-year basis. Equities research analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.0%. The ex-dividend date of this dividend was Monday, August 4th. Atlantic Union Bankshares’s dividend payout ratio is presently 66.02%.

Analyst Ratings Changes

A number of research analysts recently commented on the company. Piper Sandler decreased their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an “overweight” rating on the stock in a research report on Friday, July 25th. Keefe, Bruyette & Woods lifted their target price on Atlantic Union Bankshares from $33.00 to $34.00 and gave the company a “market perform” rating in a research report on Monday, August 4th. Raymond James Financial reiterated a “strong-buy” rating on shares of Atlantic Union Bankshares in a research report on Wednesday, July 30th. Finally, Jefferies Financial Group set a $37.00 target price on Atlantic Union Bankshares and gave the company a “buy” rating in a research report on Wednesday, May 21st. One research analyst has rated the stock with a Strong Buy rating, three have issued a Buy rating and two have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and an average price target of $38.33.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Frank Russell Ellett acquired 1,441 shares of Atlantic Union Bankshares stock in a transaction on Friday, August 8th. The stock was purchased at an average price of $31.49 per share, for a total transaction of $45,377.09. Following the purchase, the director directly owned 78,047 shares of the company’s stock, valued at $2,457,700.03. This trade represents a 1.88% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO John C. Asbury acquired 7,500 shares of Atlantic Union Bankshares stock in a transaction on Monday, July 28th. The stock was acquired at an average price of $32.91 per share, with a total value of $246,825.00. Following the purchase, the chief executive officer directly owned 270,532 shares in the company, valued at approximately $8,903,208.12. This trade represents a 2.85% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders purchased a total of 18,941 shares of company stock valued at $606,502 over the last three months. 1.16% of the stock is currently owned by insiders.

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.