Teachers Retirement System of The State of Kentucky reduced its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 59.7% in the third quarter, according to its most recent filing with the SEC. The fund owned 25,564 shares of the company's stock after selling 37,839 shares during the period. Teachers Retirement System of The State of Kentucky's holdings in Atlantic Union Bankshares were worth $963,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Nomura Asset Management Co. Ltd. grew its position in Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock valued at $35,000 after acquiring an additional 410 shares during the last quarter. GAMMA Investing LLC boosted its stake 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 purchasing an additional 489 shares in the last quarter. UMB Bank n.a. grew its holdings in shares of Atlantic Union Bankshares by 77.7% during the 3rd 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 during the last quarter. Quest Partners LLC purchased a new position in Atlantic Union Bankshares in the 3rd quarter worth $56,000. Finally, Blue Trust Inc. lifted its stake in Atlantic Union Bankshares by 110.2% in 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 during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
AUB stock opened at $37.46 on Thursday. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm's 50-day moving average price is $40.40 and its two-hundred day moving average price is $37.67. The stock has a market capitalization of $3.36 billion, a price-to-earnings ratio of 15.54 and a beta of 0.91. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54.
Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last released its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, beating analysts' consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The business had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. During the same quarter in the prior year, the company posted $0.80 EPS. As a group, equities analysts predict that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were paid a $0.34 dividend. This is a positive change from Atlantic Union Bankshares's previous quarterly dividend of $0.32. The ex-dividend date was Friday, November 8th. This represents a $1.36 dividend on an annualized basis and a yield of 3.63%. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 56.43%.
A number of research analysts have recently issued reports on AUB shares. Raymond James reduced their price objective on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 2nd. Keefe, Bruyette & Woods increased their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a "market perform" rating in a report on Friday, November 22nd. Finally, Hovde Group decreased their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an "outperform" rating on the stock in a research note on Friday, September 13th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, Atlantic Union Bankshares has a consensus rating of "Moderate Buy" and an average price target of $42.00.
Check Out Our Latest Stock Analysis on AUB
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.
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