State Street Corp Has $169.21 Million Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

State Street Corp boosted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 3.0% during the 3rd quarter, HoldingsChannel.com reports. The institutional investor owned 4,492,014 shares of the company’s stock after acquiring an additional 130,104 shares during the period. State Street Corp owned about 0.05% of Atlantic Union Bankshares worth $169,214,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. GAMMA Investing LLC raised its holdings in Atlantic Union Bankshares by 88.6% during the third quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after buying an additional 489 shares during the last quarter. UMB Bank n.a. raised its holdings in Atlantic Union Bankshares by 77.7% during the third quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock worth $42,000 after buying an additional 483 shares during the last quarter. Quest Partners LLC acquired a new position in Atlantic Union Bankshares during the third quarter worth $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 buying an additional 1,095 shares during the last quarter. Finally, Family Firm Inc. acquired a new position in Atlantic Union Bankshares during the second quarter worth $85,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $40.95 on Friday. Atlantic Union Bankshares Co. has a one year low of $30.43 and a one year high of $44.54. The firm has a 50-day moving average of $40.24 and a 200-day moving average of $37.48. 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 company has a market cap of $3.68 billion, a P/E ratio of 16.99 and a beta of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data 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. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. The business had revenue of $358.81 million during the quarter, compared to the consensus estimate of $226.70 million. During the same quarter last year, the company posted $0.80 earnings per share. Equities research analysts forecast that Atlantic Union Bankshares Co. will post 2.93 EPS for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

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

Wall Street Analyst Weigh In

AUB has been the subject of several analyst reports. 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. Raymond James lowered their target price 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. Finally, Keefe, Bruyette & Woods increased their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a report on Friday, November 22nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.