Atlantic Union Bankshares Co. $AUB Stock Holdings Increased by Deroy & Devereaux Private Investment Counsel Inc.

Deroy & Devereaux Private Investment Counsel Inc. increased its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 31.4% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 121,425 shares of the company’s stock after purchasing an additional 29,010 shares during the quarter. Deroy & Devereaux Private Investment Counsel Inc. owned approximately 0.09% of Atlantic Union Bankshares worth $4,285,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Curio Wealth LLC purchased a new stake in Atlantic Union Bankshares in the 2nd quarter worth approximately $28,000. Farther Finance Advisors LLC increased its stake in shares of Atlantic Union Bankshares by 309.5% in the third quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after acquiring an additional 653 shares during the last quarter. Huntington National Bank raised its holdings in shares of Atlantic Union Bankshares by 71.7% during the second quarter. Huntington National Bank now owns 1,298 shares of the company’s stock worth $41,000 after acquiring an additional 542 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its holdings in shares of Atlantic Union Bankshares by 64.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock worth $48,000 after acquiring an additional 603 shares in the last quarter. Finally, EverSource Wealth Advisors LLC boosted its position in Atlantic Union Bankshares by 504.7% during the second quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after purchasing an additional 1,287 shares during the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on AUB shares. TD Cowen upped their target price on Atlantic Union Bankshares from $44.00 to $45.00 and gave the stock a “buy” rating in a research report on Thursday, December 11th. Morgan Stanley boosted their price target on Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a research note on Thursday, December 11th. Raymond James Financial set a $45.00 price objective on Atlantic Union Bankshares in a report on Thursday, December 11th. National Bankshares set a $46.00 target price on shares of Atlantic Union Bankshares in a research note on Wednesday, September 24th. Finally, Janney Montgomery Scott initiated coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, October 8th. They issued a “buy” rating and a $42.00 target price for the company. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $41.61.

Atlantic Union Bankshares Stock Up 2.8%

AUB opened at $38.33 on Friday. The business has a 50 day moving average price of $35.06 and a 200 day moving average price of $34.38. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $39.22. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The firm has a market cap of $5.46 billion, a P/E ratio of 16.74 and a beta of 0.83.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Thursday, October 23rd. The company reported $0.84 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). The firm had revenue of $319.21 million for the quarter, compared to analyst estimates of $377.92 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm’s revenue was up 69.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.83 EPS. Research analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 3.9%. The ex-dividend date was Friday, November 14th. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. Atlantic Union Bankshares’s dividend payout ratio is currently 79.14%.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.