Advantage Alpha Capital Partners LP Grows Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Advantage Alpha Capital Partners LP raised its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 29.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,032 shares of the company’s stock after acquiring an additional 2,938 shares during the quarter. Advantage Alpha Capital Partners LP’s holdings in Atlantic Union Bankshares were worth $491,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also recently added to or reduced their stakes in the company. Oppenheimer & Co. Inc. raised its holdings in shares of Atlantic Union Bankshares by 5.5% in the third quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company’s stock worth $325,000 after acquiring an additional 450 shares during the last quarter. UMB Bank n.a. raised its stake in Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after purchasing an additional 483 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock valued at $39,000 after purchasing an additional 489 shares in the last quarter. Moors & Cabot Inc. boosted its stake in shares of Atlantic Union Bankshares by 5.5% during the 2nd quarter. Moors & Cabot Inc. now owns 9,532 shares of the company’s stock worth $313,000 after purchasing an additional 500 shares during the last quarter. Finally, Trust Point Inc. grew its holdings in shares of Atlantic Union Bankshares by 2.0% during the third quarter. Trust Point Inc. now owns 25,998 shares of the company’s stock worth $979,000 after buying an additional 513 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Trading Down 2.3 %

AUB stock opened at $42.57 on Wednesday. Atlantic Union Bankshares Co. has a 52 week low of $30.22 and a 52 week high of $44.54. The company has a market cap of $3.82 billion, a price-to-earnings ratio of 15.07 and a beta of 0.89. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $38.93 and a 200-day simple moving average of $36.67.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The business had revenue of $358.81 million during the quarter, compared to analysts’ expectations of $226.70 million. During the same quarter in the previous year, the business earned $0.80 EPS. On average, equities research analysts expect that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a dividend of $0.34 per share. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. This represents a $1.36 annualized dividend and a dividend yield of 3.19%. Atlantic Union Bankshares’s payout ratio is presently 56.43%.

Wall Street Analyst Weigh In

Several brokerages recently issued reports on AUB. Raymond James reduced their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a research note on Wednesday, October 2nd. Hovde Group decreased their price objective on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a report on Friday, September 13th. Finally, Keefe, Bruyette & Woods increased their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a research report on Friday, November 22nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $42.00.

Atlantic Union Bankshares Company Profile

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.