Mirae Asset Global Investments Co. Ltd. Has $1.25 Million Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Mirae Asset Global Investments Co. Ltd. lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.1% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 34,201 shares of the company’s stock after buying an additional 719 shares during the quarter. Mirae Asset Global Investments Co. Ltd.’s holdings in Atlantic Union Bankshares were worth $1,250,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Ronald Blue Trust Inc. boosted its stake in Atlantic Union Bankshares by 556.9% in the 3rd quarter. Ronald Blue Trust Inc. now owns 1,373 shares of the company’s stock valued at $36,000 after purchasing an additional 1,164 shares during the period. Everence Capital Management Inc. acquired a new position in shares of Atlantic Union Bankshares in the third quarter valued at about $221,000. DAVENPORT & Co LLC increased its position in Atlantic Union Bankshares by 2.2% during the third quarter. DAVENPORT & Co LLC now owns 51,056 shares of the company’s stock worth $1,469,000 after acquiring an additional 1,111 shares during the period. Pinnacle Associates Ltd. raised its stake in Atlantic Union Bankshares by 0.5% in the 3rd quarter. Pinnacle Associates Ltd. now owns 292,038 shares of the company’s stock worth $8,405,000 after purchasing an additional 1,566 shares in the last quarter. Finally, Raymond James Financial Services Advisors Inc. boosted its holdings in Atlantic Union Bankshares by 5.8% in the 3rd quarter. Raymond James Financial Services Advisors Inc. now owns 32,273 shares of the company’s stock valued at $929,000 after purchasing an additional 1,773 shares during the period. Institutional investors own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

Separately, Raymond James lifted their price target on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research report on Friday, January 5th.

Atlantic Union Bankshares Trading Up 1.0 %

AUB opened at $33.55 on Tuesday. The stock has a market capitalization of $2.53 billion, a price-to-earnings ratio of 13.21 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. Atlantic Union Bankshares Co. has a twelve month low of $23.32 and a twelve month high of $37.86. The company has a 50-day simple moving average of $33.62 and a 200 day simple moving average of $33.11.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, January 23rd. The company reported $0.78 earnings per share for the quarter, topping analysts’ consensus estimates of $0.75 by $0.03. The company had revenue of $289.46 million during the quarter, compared to the consensus estimate of $179.72 million. Atlantic Union Bankshares had a net margin of 19.31% and a return on equity of 9.51%. During the same quarter in the prior year, the firm posted $0.90 EPS. Analysts predict that Atlantic Union Bankshares Co. will post 3.24 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, February 23rd. Shareholders of record on Friday, February 9th were issued a $0.32 dividend. This represents a $1.28 dividend on an annualized basis and a dividend yield of 3.82%. The ex-dividend date of this dividend was Thursday, February 8th. Atlantic Union Bankshares’s dividend payout ratio is presently 50.39%.

Insider Activity

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of the stock in a transaction on Friday, March 8th. The stock was purchased at an average price of $35.13 per share, with a total value of $245,910.00. Following the completion of the purchase, the director now owns 7,582 shares in the company, valued at $266,355.66. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 0.87% of the company’s stock.

About Atlantic Union Bankshares

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.