Citigroup Inc. decreased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB – Free Report) by 38.1% in the third quarter, Holdings Channel reports. The fund owned 172,939 shares of the company’s stock after selling 106,643 shares during the quarter. Citigroup Inc.’s holdings in Atlantic Union Bankshares were worth $6,103,000 at the end of the most recent quarter.
Other large investors also recently added to or reduced their stakes in the company. Tritonpoint Wealth LLC raised its position in Atlantic Union Bankshares by 1.8% during the third quarter. Tritonpoint Wealth LLC now owns 17,522 shares of the company’s stock valued at $618,000 after purchasing an additional 317 shares during the period. Walleye Capital LLC increased its position in shares of Atlantic Union Bankshares by 1.5% during the 2nd quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock valued at $688,000 after purchasing an additional 322 shares during the last quarter. Benson Investment Management Company Inc. increased its position in shares of Atlantic Union Bankshares by 0.3% during the 3rd quarter. Benson Investment Management Company Inc. now owns 107,665 shares of the company’s stock valued at $3,799,000 after purchasing an additional 355 shares during the last quarter. Accordant Advisory Group Inc raised its holdings in Atlantic Union Bankshares by 1.0% during the 3rd quarter. Accordant Advisory Group Inc now owns 36,245 shares of the company’s stock valued at $1,279,000 after buying an additional 364 shares during the period. Finally, Westside Investment Management Inc. lifted its position in Atlantic Union Bankshares by 100.0% in the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after buying an additional 390 shares during the last quarter. 78.58% of the stock is owned by institutional investors.
Atlantic Union Bankshares Price Performance
Atlantic Union Bankshares stock opened at $37.60 on Tuesday. The stock has a market cap of $5.36 billion, a price-to-earnings ratio of 16.42 and a beta of 0.83. The firm has a 50-day moving average of $38.51 and a two-hundred day moving average of $35.95. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $42.18. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.
Atlantic Union Bankshares (NASDAQ:AUB – Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $391.33 million during the quarter, compared to analyst estimates of $378.95 million. During the same quarter in the previous year, the business earned $0.67 earnings per share. On average, research analysts forecast that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.
Atlantic Union Bankshares Announces Dividend
The company also recently declared a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.9%. Atlantic Union Bankshares’s dividend payout ratio is presently 72.55%.
Wall Street Analysts Forecast Growth
AUB has been the topic of a number of analyst reports. Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Zacks Research upgraded shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Morgan Stanley raised their price objective on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a research note on Monday. TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Finally, Stephens raised their price target on Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research note on Monday, January 26th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $42.85.
View Our Latest Analysis on Atlantic Union Bankshares
Atlantic Union Bankshares Profile
(Free Report)
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.
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