Y Intercept Hong Kong Ltd Invests $563,000 in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Y Intercept Hong Kong Ltd bought a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 14,950 shares of the company’s stock, valued at approximately $563,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. GAMMA Investing LLC increased its holdings in shares of 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 acquiring an additional 489 shares during the last quarter. UMB Bank n.a. boosted its holdings in 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 purchased a new position in Atlantic Union Bankshares in the third quarter valued at approximately $56,000. Blue Trust Inc. raised its holdings in Atlantic Union Bankshares by 110.2% during the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after purchasing an additional 1,095 shares in the last quarter. Finally, Family Firm Inc. purchased a new stake in shares of Atlantic Union Bankshares during the 2nd quarter worth approximately $85,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Down 0.9 %

Shares of NASDAQ:AUB opened at $40.95 on Friday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market cap of $3.68 billion, a P/E ratio of 16.99 and a beta of 0.91. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54. The firm has a fifty day moving average price of $40.24 and a 200 day moving average price of $37.52.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly 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. The firm had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same quarter last year, the company posted $0.80 earnings per share. Sell-side analysts predict that Atlantic Union Bankshares Co. will post 2.93 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on AUB. Hovde Group dropped their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Keefe, Bruyette & Woods raised their price objective on 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, Raymond James reduced their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $42.00.

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.