Level Four Advisory Services LLC Decreases Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Level Four Advisory Services LLC trimmed its position in Atlantic Union Bankshares Co. (NASDAQ:AUBFree Report) by 4.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 8,304 shares of the company’s stock after selling 387 shares during the quarter. Level Four Advisory Services LLC’s holdings in Atlantic Union Bankshares were worth $303,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Covestor Ltd boosted its holdings in Atlantic Union Bankshares by 95.0% in the third quarter. Covestor Ltd now owns 1,053 shares of the company’s stock valued at $30,000 after acquiring an additional 513 shares in the last quarter. Mariner LLC boosted its holdings in shares of Atlantic Union Bankshares by 3.0% during the 3rd quarter. Mariner LLC now owns 19,466 shares of the company’s stock valued at $560,000 after buying an additional 567 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in shares of Atlantic Union Bankshares by 2.1% during the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,201 shares of the company’s stock valued at $1,250,000 after buying an additional 719 shares in the last quarter. Graves Light Lenhart Wealth Inc. boosted its stake in Atlantic Union Bankshares by 5.8% in the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 13,707 shares of the company’s stock worth $396,000 after purchasing an additional 755 shares in the last quarter. Finally, Strs Ohio bought a new position in Atlantic Union Bankshares in the 4th quarter worth about $29,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Atlantic Union Bankshares

In related news, Director Donald R. Kimble acquired 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was bought at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the purchase, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.87% of the stock is currently owned by corporate insiders.

Atlantic Union Bankshares Price Performance

NASDAQ AUB opened at $33.44 on Thursday. Atlantic Union Bankshares Co. has a 52 week low of $25.14 and a 52 week high of $37.86. The firm has a market capitalization of $3.00 billion, a P/E ratio of 12.29 and a beta of 0.94. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15. The company has a 50-day moving average price of $33.49 and a 200-day moving average price of $33.76.

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). The company had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. During the same quarter last year, the firm posted $0.63 earnings per share. Equities research analysts anticipate that Atlantic Union Bankshares Co. will post 2.95 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 7th. Investors of record on Friday, May 24th will be paid a dividend of $0.32 per share. The ex-dividend date of this dividend is Thursday, May 23rd. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.83%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 47.06%.

Wall Street Analyst Weigh In

AUB has been the topic of a number of analyst reports. Stephens dropped their price target on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 24th. Piper Sandler decreased their target price on Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday, April 29th. Finally, Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday, April 24th.

View Our Latest Research Report on AUB

Atlantic Union Bankshares Company Profile

(Free Report)

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.

Read More

Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

Receive News & Ratings for Atlantic Union Bankshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Atlantic Union Bankshares and related companies with MarketBeat.com's FREE daily email newsletter.