Atlantic Union Bankshares Co. $AUB Stock Holdings Boosted by Stieven Capital Advisors L.P.

Stieven Capital Advisors L.P. boosted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 64.7% during the 2nd quarter, HoldingsChannel reports. The institutional investor owned 683,357 shares of the company’s stock after purchasing an additional 268,357 shares during the quarter. Atlantic Union Bankshares accounts for approximately 4.2% of Stieven Capital Advisors L.P.’s investment portfolio, making the stock its 6th largest holding. Stieven Capital Advisors L.P.’s holdings in Atlantic Union Bankshares were worth $21,375,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds also recently modified their holdings of AUB. Curio Wealth LLC purchased a new position in Atlantic Union Bankshares in the 2nd quarter valued at about $28,000. CWM LLC lifted its position in shares of Atlantic Union Bankshares by 99.4% in the 1st quarter. CWM LLC now owns 1,049 shares of the company’s stock worth $33,000 after buying an additional 523 shares during the last quarter. Huntington National Bank boosted its stake in Atlantic Union Bankshares by 71.7% in the second quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after acquiring an additional 542 shares during the period. Nomura Asset Management Co. Ltd. boosted its position in Atlantic Union Bankshares by 64.8% during the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock valued at $48,000 after purchasing an additional 603 shares during the period. Finally, Fifth Third Bancorp lifted its position in Atlantic Union Bankshares by 50.2% in the 2nd quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock valued at $64,000 after purchasing an additional 686 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Down 1.9%

Shares of NASDAQ AUB opened at $31.66 on Friday. The stock has a market cap of $4.51 billion, a P/E ratio of 13.82 and a beta of 0.94. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $44.54. 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 50 day moving average price of $34.14 and a 200 day moving average price of $32.87.

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

Atlantic Union Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, November 28th. Shareholders of record on Friday, November 14th will be given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.7%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. The ex-dividend date is Friday, November 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 79.14%.

Wall Street Analysts Forecast Growth

A number of research firms have commented on AUB. National Bankshares set a $46.00 price target on shares of Atlantic Union Bankshares in a research report on Wednesday, September 24th. Keefe, Bruyette & Woods raised their price objective on shares of Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a research note on Monday, August 4th. Cowen reissued a “buy” rating on shares of Atlantic Union Bankshares in a research report on Monday, October 27th. Morgan Stanley boosted their target price on Atlantic Union Bankshares from $35.00 to $41.00 and gave the company an “underperform” rating in a research note on Monday, September 29th. Finally, Piper Sandler decreased their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating for the company in a report on Friday, October 24th. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat, Atlantic Union Bankshares has a consensus rating of “Moderate Buy” and an average target price of $40.61.

Atlantic Union Bankshares 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.