Orion Portfolio Solutions LLC Has $1.28 Million Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Orion Portfolio Solutions LLC decreased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 33,850 shares of the company’s stock after selling 1,892 shares during the period. Orion Portfolio Solutions LLC’s holdings in Atlantic Union Bankshares were worth $1,275,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in shares of Atlantic Union Bankshares by 88.6% in the third 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. UMB Bank n.a. increased its holdings in shares of Atlantic Union Bankshares by 77.7% in the third 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 in the last quarter. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares in the third quarter valued at approximately $56,000. Blue Trust Inc. increased its holdings in shares of Atlantic Union Bankshares by 110.2% in the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock valued at $79,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Family Firm Inc. acquired a new stake in shares of Atlantic Union Bankshares in the second quarter valued at approximately $85,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

AUB has been the subject of a number of research reports. Raymond James lowered their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. Keefe, Bruyette & Woods lifted their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Finally, Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a report on Friday, September 13th. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $42.00.

Atlantic Union Bankshares Price Performance

AUB opened at $40.95 on Friday. The company has a fifty day moving average price of $40.24 and a two-hundred day moving average price of $37.52. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54. The firm has a market capitalization of $3.68 billion, a PE ratio of 16.99 and a beta of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, topping analysts’ consensus estimates of $0.82 by $0.01. The company had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same period last year, the firm posted $0.80 earnings per share. As a group, analysts anticipate that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Stockholders of record on Friday, November 8th were given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.32%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 56.43%.

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.