Intrust Bank NA Acquires 2,106 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Intrust Bank NA raised its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 17.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 13,890 shares of the company’s stock after acquiring an additional 2,106 shares during the quarter. Intrust Bank NA’s holdings in Atlantic Union Bankshares were worth $508,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Pinnacle Associates Ltd. grew its position in shares of Atlantic Union Bankshares by 0.5% during the 3rd quarter. Pinnacle Associates Ltd. now owns 292,038 shares of the company’s stock worth $8,405,000 after buying an additional 1,566 shares during the period. Raymond James Financial Services Advisors Inc. grew its holdings in Atlantic Union Bankshares by 5.8% during the third 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. Ceredex Value Advisors LLC bought a new stake in Atlantic Union Bankshares in the third quarter valued at approximately $10,995,000. Redmond Asset Management LLC raised its holdings in Atlantic Union Bankshares by 6.1% in the third quarter. Redmond Asset Management LLC now owns 57,653 shares of the company’s stock worth $1,659,000 after purchasing an additional 3,300 shares during the period. Finally, Canal Capital Management LLC boosted its position in shares of Atlantic Union Bankshares by 4.2% during the third quarter. Canal Capital Management LLC now owns 65,912 shares of the company’s stock worth $1,897,000 after purchasing an additional 2,664 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Insider Activity

In other Atlantic Union Bankshares news, Director Donald R. Kimble acquired 7,000 shares of the company’s stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the purchase, the director now directly owns 7,582 shares of the company’s stock, valued at $266,355.66. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 1.28% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

AUB has been the subject of a number of recent analyst reports. Piper Sandler lowered their price objective on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an “overweight” rating for the company in a research report on Monday. Keefe, Bruyette & Woods lowered their price target on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a report on Wednesday, April 24th. Raymond James lifted their price objective on Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a report on Friday, January 5th. Finally, Stephens lowered their target price on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday, April 24th.

Atlantic Union Bankshares Stock Down 2.5 %

AUB stock opened at $31.74 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a market capitalization of $2.39 billion, a P/E ratio of 10.97 and a beta of 0.94. Atlantic Union Bankshares Co. has a fifty-two week low of $23.32 and a fifty-two week high of $37.86. The business has a 50-day moving average of $33.53 and a 200-day moving average of $33.23.

Atlantic Union Bankshares (NASDAQ:AUB) last issued 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 firm had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same quarter in the prior year, the firm earned $0.63 EPS. On average, sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 3.17 earnings per share for the current fiscal year.

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.