Atlantic Union Bankshares Co. (NASDAQ:AUB) Plans $0.37 Quarterly Dividend

Atlantic Union Bankshares Co. (NASDAQ:AUB) announced a quarterly dividend on Tuesday, May 5th. Investors of record on Friday, May 22nd will be given a dividend of 0.37 per share on Friday, June 5th. This represents a c) dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, May 22nd.

Atlantic Union Bankshares has increased its dividend payment by an average of 0.1%annually over the last three years and has increased its dividend annually for the last 14 consecutive years. Atlantic Union Bankshares has a dividend payout ratio of 38.5% meaning its dividend is sufficiently covered by earnings. Research analysts expect Atlantic Union Bankshares to earn $4.17 per share next year, which means the company should continue to be able to cover its $1.48 annual dividend with an expected future payout ratio of 35.5%.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $38.69 on Wednesday. The stock’s 50-day simple moving average is $36.65 and its 200 day simple moving average is $36.30. The stock has a market capitalization of $5.53 billion, a price-to-earnings ratio of 16.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares has a 52-week low of $28.11 and a 52-week high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its earnings results on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). The company had revenue of $371.71 million during the quarter, compared to the consensus estimate of $391.24 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same quarter in the prior year, the business earned $0.90 EPS. Research analysts forecast that Atlantic Union Bankshares will post 3.26 EPS for the current fiscal year.

Insider Buying and Selling at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Nancy H. Agee purchased 650 shares of the stock in a transaction on Monday, April 20th. The shares were purchased at an average price of $39.05 per share, with a total value of $25,382.50. Following the acquisition, the director directly owned 37,797 shares in the company, valued at approximately $1,475,972.85. The trade was a 1.75% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 0.96% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of AUB. IFP Advisors Inc raised its stake in Atlantic Union Bankshares by 362.5% in the fourth quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $26,000 after purchasing an additional 580 shares in the last quarter. Westside Investment Management Inc. grew its stake in Atlantic Union Bankshares by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after buying an additional 390 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in shares of Atlantic Union Bankshares by 309.5% in the 3rd quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after buying an additional 653 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new position in shares of Atlantic Union Bankshares in the 4th quarter worth $39,000. Finally, EverSource Wealth Advisors LLC raised its position in shares of Atlantic Union Bankshares by 504.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after buying an additional 1,287 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors.

About Atlantic Union Bankshares

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.