Cary Street Partners Investment Advisory LLC Sells 36,119 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Cary Street Partners Investment Advisory LLC lowered its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 80.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 8,572 shares of the company’s stock after selling 36,119 shares during the quarter. Cary Street Partners Investment Advisory LLC’s holdings in Atlantic Union Bankshares were worth $320,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Strs Ohio acquired a new position in shares of Atlantic Union Bankshares during the 4th quarter valued at $29,000. Covestor Ltd boosted its position in shares of Atlantic Union Bankshares by 95.0% during the 3rd quarter. Covestor Ltd now owns 1,053 shares of the company’s stock worth $30,000 after purchasing an additional 513 shares in the last quarter. Nisa Investment Advisors LLC grew its stake in shares of Atlantic Union Bankshares by 194.3% in the 4th quarter. Nisa Investment Advisors LLC now owns 4,120 shares of the company’s stock valued at $151,000 after buying an additional 2,720 shares during the period. Emerald Mutual Fund Advisers Trust bought a new stake in Atlantic Union Bankshares in the 3rd quarter valued at about $152,000. Finally, Beacon Investment Advisors LLC acquired a new position in Atlantic Union Bankshares during the 3rd quarter worth approximately $210,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Donald R. Kimble purchased 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The shares were bought at an average cost of $35.13 per share, with a total value of $245,910.00. Following the acquisition, the director now owns 7,582 shares of the company’s stock, valued at $266,355.66. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.87% of the company’s stock.

Atlantic Union Bankshares Price Performance

AUB opened at $32.62 on Thursday. 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 company has a market capitalization of $2.46 billion, a price-to-earnings ratio of 10.70 and a beta of 0.94. Atlantic Union Bankshares Co. has a 1 year low of $23.32 and a 1 year high of $37.86. The firm’s fifty day moving average price is $33.49 and its two-hundred day moving average price is $33.25.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.04). The business had revenue of $288.47 million during 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 period in the prior year, the company earned $0.63 earnings per share. As a group, analysts anticipate that Atlantic Union Bankshares Co. will post 3.1 earnings per share for the current fiscal year.

Wall Street Analysts Forecast Growth

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

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.