Signaturefd LLC Acquires 3,147 Shares of Atlantic Union Bankshares Co. $AUB

Signaturefd LLC lifted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 731.9% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,577 shares of the company’s stock after acquiring an additional 3,147 shares during the period. Signaturefd LLC’s holdings in Atlantic Union Bankshares were worth $112,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. State of Alaska Department of Revenue lifted its stake in shares of Atlantic Union Bankshares by 70.5% in the 2nd quarter. State of Alaska Department of Revenue now owns 84,792 shares of the company’s stock valued at $2,651,000 after purchasing an additional 35,051 shares during the last quarter. Congress Asset Management Co. bought a new stake in Atlantic Union Bankshares in the second quarter worth $5,230,000. Public Employees Retirement System of Ohio boosted its stake in Atlantic Union Bankshares by 13.3% during the second quarter. Public Employees Retirement System of Ohio now owns 84,184 shares of the company’s stock worth $2,633,000 after buying an additional 9,863 shares during the period. Fifth Third Bancorp boosted its stake in Atlantic Union Bankshares by 50.2% during the second quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock worth $64,000 after buying an additional 686 shares during the period. Finally, GAMMA Investing LLC increased its position in Atlantic Union Bankshares by 270.6% during the second quarter. GAMMA Investing LLC now owns 3,962 shares of the company’s stock valued at $124,000 after acquiring an additional 2,893 shares during the last quarter. 78.58% of the stock is owned by institutional investors.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, 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 price of $32.91 per share, with a total value of $246,825.00. Following the completion of the acquisition, the chief executive officer owned 270,532 shares in the company, valued at $8,903,208.12. The trade was a 2.85% increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Frank Russell Ellett purchased 1,441 shares of the company’s stock in a transaction dated Friday, August 8th. The shares were acquired 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 approximately $2,457,700.03. The trade was a 1.88% increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 18,941 shares of company stock valued at $606,502. 0.87% of the stock is currently owned by company insiders.

Atlantic Union Bankshares Trading Up 1.7%

NASDAQ AUB opened at $35.71 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $22.85 and a 52 week high of $44.54. The company has a 50 day moving average price of $34.44 and a 200 day moving average price of $31.46. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market cap of $5.09 billion, a PE ratio of 15.59 and a beta of 0.87.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Thursday, July 24th. The company reported $0.95 earnings per share for the quarter, beating the consensus estimate of $0.80 by $0.15. The company had revenue of $377.22 million during the quarter, compared to the consensus estimate of $369.70 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. Atlantic Union Bankshares’s revenue was up 92.0% compared to the same quarter last year. During the same period last year, the firm earned $0.63 earnings per share. As a group, sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, August 18th. Investors of record on Monday, August 4th were given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 3.8%. The ex-dividend date of this dividend was Monday, August 4th. Atlantic Union Bankshares’s dividend payout ratio is currently 66.02%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on AUB. Piper Sandler dropped 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. National Bankshares set a $46.00 target price on Atlantic Union Bankshares in a research note on Wednesday, September 24th. TD Cowen started coverage on Atlantic Union Bankshares in a research note on Thursday, September 25th. They set a “buy” rating and a $46.00 price target for the company. Raymond James Financial restated a “strong-buy” rating and set a $43.00 price objective (up previously from $42.00) on shares of Atlantic Union Bankshares in a report on Friday. Finally, Keefe, Bruyette & Woods increased their target price on Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating, one has assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $41.50.

About Atlantic Union Bankshares

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.