Mirabella Financial Services LLP Lowers Stock Position in Atlantic Union Bankshares Co. $AUB

Mirabella Financial Services LLP lowered its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 64.0% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 191,238 shares of the company’s stock after selling 340,237 shares during the quarter. Mirabella Financial Services LLP owned 0.13% of Atlantic Union Bankshares worth $6,749,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently modified their holdings of the company. StoneX Group Inc. acquired a new position in shares of Atlantic Union Bankshares during the 2nd quarter valued at $1,447,000. Verity & Verity LLC boosted its position in Atlantic Union Bankshares by 29.6% during the 3rd quarter. Verity & Verity LLC now owns 504,420 shares of the company’s stock valued at $17,801,000 after purchasing an additional 115,245 shares during the period. Envestnet Asset Management Inc. increased its holdings in shares of Atlantic Union Bankshares by 10.9% in the 3rd quarter. Envestnet Asset Management Inc. now owns 659,791 shares of the company’s stock worth $23,284,000 after acquiring an additional 64,806 shares during the period. Elizabeth Park Capital Advisors Ltd. acquired a new position in shares of Atlantic Union Bankshares during the second quarter worth approximately $2,378,000. Finally, Creative Planning grew its stake in shares of Atlantic Union Bankshares by 738.9% in the second quarter. Creative Planning now owns 95,445 shares of the company’s stock worth $2,986,000 after purchasing an additional 84,068 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

AUB has been the topic of a number of recent analyst reports. Zacks Research upgraded shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Raymond James Financial set a $45.00 price target on Atlantic Union Bankshares in a research report on Thursday, December 11th. Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Stephens increased their target price on Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Finally, TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. One analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and a consensus target price of $43.17.

Atlantic Union Bankshares Trading Down 0.3%

Atlantic Union Bankshares stock opened at $34.19 on Tuesday. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $42.18. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.87 billion, a P/E ratio of 14.93 and a beta of 0.82. The company’s fifty day simple moving average is $38.42 and its 200-day simple moving average is $36.03.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $391.33 million during the quarter, compared to analyst estimates of $378.95 million. During the same period last year, the company earned $0.67 earnings per share. As a group, sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 72.55%.

Atlantic Union Bankshares Profile

Atlantic Union Bankshares, Inc is a bank holding company headquartered in Richmond, Virginia, operating through its principal subsidiary Atlantic Union Bank. The company offers a full suite of commercial and consumer banking services to individuals, businesses and institutions across Virginia, Maryland, North Carolina and the District of Columbia. Leveraging a network of full-service branches, commercial lending offices and digital platforms, Atlantic Union Bankshares focuses on relationship-driven solutions tailored to its regional client base.

Atlantic Union’s product lineup includes traditional deposit accounts, such as checking, savings and money market accounts, along with certificates of deposit.