Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Position Reduced by White Pine Capital LLC

White Pine Capital LLC cut its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 28.0% during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 22,772 shares of the company’s stock after selling 8,846 shares during the period. White Pine Capital LLC’s holdings in Atlantic Union Bankshares were worth $832,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AUB. Covestor Ltd lifted its stake in Atlantic Union Bankshares by 95.0% in the third quarter. Covestor Ltd now owns 1,053 shares of the company’s stock valued at $30,000 after acquiring an additional 513 shares during the last quarter. Mariner LLC lifted its stake in Atlantic Union Bankshares by 3.0% in the third quarter. Mariner LLC now owns 19,466 shares of the company’s stock valued at $560,000 after acquiring an additional 567 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its stake in Atlantic Union Bankshares by 2.1% in the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,201 shares of the company’s stock valued at $1,250,000 after acquiring an additional 719 shares during the last quarter. Graves Light Lenhart Wealth Inc. lifted its stake in Atlantic Union Bankshares by 5.8% in the third quarter. Graves Light Lenhart Wealth Inc. now owns 13,707 shares of the company’s stock valued at $396,000 after acquiring an additional 755 shares during the last quarter. Finally, Strs Ohio acquired a new stake in Atlantic Union Bankshares in the fourth quarter valued at approximately $29,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of research firms have issued reports on AUB. Keefe, Bruyette & Woods reduced their target price 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. Stephens reduced their target price on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating for the company in a research note on Wednesday. Finally, Raymond James lifted their target price on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, January 5th.

Insider Transactions at Atlantic Union Bankshares

In related news, Director Donald R. Kimble bought 7,000 shares of the business’s stock in a transaction that occurred on Friday, March 8th. The stock was purchased at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the purchase, the director now directly owns 7,582 shares in the company, valued at $266,355.66. The purchase was disclosed in a filing with the SEC, which is available through this link. 0.87% of the stock is owned by corporate insiders.

Atlantic Union Bankshares Stock Performance

Shares of Atlantic Union Bankshares stock traded down $0.20 on Friday, reaching $32.28. The stock had a trading volume of 244,833 shares, compared to its average volume of 691,409. The business’s 50-day moving average price is $33.55 and its two-hundred day moving average price is $33.18. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a fifty-two week low of $23.32 and a fifty-two week high of $37.86. The stock has a market cap of $2.43 billion, a P/E ratio of 10.87 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $0.65 earnings per share for the quarter, missing analysts’ consensus estimates of $0.69 by ($0.04). Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. The firm had revenue of $288.47 million during the quarter, compared to analyst estimates of $178.82 million. During the same quarter in the previous year, the firm posted $0.63 earnings per share. On average, sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.17 EPS for the current year.

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.