1492 Capital Management LLC Buys 26,426 Shares of Atlantic Union Bankshares Co. $AUB

1492 Capital Management LLC lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 40.8% in the 1st quarter, Holdings Channel reports. The institutional investor owned 91,151 shares of the company’s stock after purchasing an additional 26,426 shares during the quarter. 1492 Capital Management LLC’s holdings in Atlantic Union Bankshares were worth $3,258,000 at the end of the most recent reporting period.

Other large investors also recently modified their holdings of the company. IFP Advisors Inc boosted its stake in shares of Atlantic Union Bankshares by 362.5% during the fourth quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $26,000 after purchasing an additional 580 shares in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at approximately $39,000. EverSource Wealth Advisors LLC raised its holdings in Atlantic Union Bankshares by 504.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after buying an additional 1,287 shares during the last quarter. Farther Finance Advisors LLC raised its holdings in Atlantic Union Bankshares by 138.9% in the 4th quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock valued at $73,000 after buying an additional 1,200 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Atlantic Union Bankshares during the 3rd quarter worth approximately $77,000. 78.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AUB has been the topic of a number of recent research reports. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. TD Cowen increased their price objective on Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a report on Tuesday, May 12th. Morgan Stanley raised their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research report on Monday, March 2nd. Piper Sandler increased their price target on Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Finally, Stephens restated an “overweight” rating and set a $46.00 price objective on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, Atlantic Union Bankshares has an average rating of “Moderate Buy” and an average price target of $43.88.

Insider Buying and Selling at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Nancy H. Agee purchased 650 shares of the company’s stock in a transaction that occurred on Monday, April 20th. The shares were acquired at an average price of $39.05 per share, with a total value of $25,382.50. Following the transaction, the director owned 37,797 shares in the company, valued at $1,475,972.85. The trade was a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.96% of the stock is owned by corporate insiders.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $41.88 on Friday. Atlantic Union Bankshares Co. has a twelve month low of $30.39 and a twelve month high of $42.18. The stock’s 50 day moving average is $38.18 and its 200-day moving average is $37.63. 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 capitalization of $5.99 billion, a price-to-earnings ratio of 18.29 and a beta of 0.80.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $371.71 million for the quarter, compared to analyst estimates of $391.24 million. During the same quarter in the previous year, the company posted $0.90 EPS. Sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.5%. The ex-dividend date was Friday, May 22nd. Atlantic Union Bankshares’s dividend payout ratio is currently 62.71%.

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.