Clearstead Advisors LLC Sells 25,646 Shares of Atlantic Union Bankshares Co. $AUB

Clearstead Advisors LLC lessened its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 79.2% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,715 shares of the company’s stock after selling 25,646 shares during the quarter. Clearstead Advisors LLC’s holdings in Atlantic Union Bankshares were worth $237,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of the stock. Westside Investment Management Inc. raised its stake in Atlantic Union Bankshares by 100.0% during the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after acquiring an additional 390 shares in the last quarter. Farther Finance Advisors LLC increased its position in shares of Atlantic Union Bankshares by 309.5% during the 3rd quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after purchasing an additional 653 shares in the last quarter. Huntington National Bank lifted its holdings in Atlantic Union Bankshares by 71.7% during the 2nd quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after purchasing an additional 542 shares during the last quarter. Nomura Asset Management Co. Ltd. boosted its position in Atlantic Union Bankshares by 64.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock valued at $48,000 after buying an additional 603 shares in the last quarter. Finally, EverSource Wealth Advisors LLC grew its stake 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 worth $48,000 after buying an additional 1,287 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 6.4%

AUB stock opened at $36.97 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $42.18. The company has a market cap of $5.27 billion, a P/E ratio of 16.14 and a beta of 0.83. The business has a fifty day moving average of $38.48 and a 200-day moving average of $35.90.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.11. The business had revenue of $391.33 million for the quarter, compared to analysts’ expectations of $378.95 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same quarter last year, the business earned $0.67 earnings per share. As a group, equities research analysts expect that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.37 per share. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.0%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s payout ratio is 72.55%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on AUB. Zacks Research upgraded shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Piper Sandler lifted their price objective on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a research report on Thursday, February 5th. Raymond James Financial set a $45.00 target price on Atlantic Union Bankshares in a report on Thursday, December 11th. TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, Stephens upped their price target on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and an average target price of $42.55.

About Atlantic Union Bankshares

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.