Salomon & Ludwin LLC Sells 498 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Salomon & Ludwin LLC decreased its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 2.8% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 17,322 shares of the company’s stock after selling 498 shares during the period. Salomon & Ludwin LLC’s holdings in Atlantic Union Bankshares were worth $653,000 at the end of the most recent quarter.

A number of other institutional investors have also bought and sold shares of the company. GAMMA Investing LLC increased its stake in Atlantic Union Bankshares by 88.6% in the third 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. raised its stake in Atlantic Union Bankshares by 77.7% during the 3rd 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 period. Blue Trust Inc. boosted its holdings 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 acquiring an additional 1,095 shares in the last quarter. Family Firm Inc. acquired a new stake in Atlantic Union Bankshares in the second quarter valued at approximately $85,000. Finally, Central Pacific Bank Trust Division bought a new stake in shares of Atlantic Union Bankshares during the first quarter valued at approximately $179,000. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Down 0.8 %

Shares of Atlantic Union Bankshares stock opened at $36.81 on Monday. The firm has a market cap of $3.30 billion, a PE ratio of 15.27 and a beta of 0.89. Atlantic Union Bankshares Co. has a 1 year low of $27.63 and a 1 year high of $42.50. 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 stock has a fifty day moving average price of $37.82 and a 200-day moving average price of $35.48.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.82 by $0.01. The company had revenue of $358.81 million during the quarter, compared to analyst estimates of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter last year, the business posted $0.80 EPS. Equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.05 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, November 22nd. Stockholders of record on Friday, November 8th will be paid a $0.34 dividend. This is an increase from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date is Friday, November 8th. This represents a $1.36 annualized dividend and a dividend yield of 3.69%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 53.11%.

Wall Street Analyst Weigh In

Several analysts recently issued reports on AUB shares. Keefe, Bruyette & Woods lifted their price target on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Hovde Group dropped their price target on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. Finally, Raymond James decreased their price objective on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a report on Wednesday, October 2nd. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $40.40.

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.