Atlantic Union Bankshares Co. Director Acquires Over 4,000 Shares
On June 10th, 2024, Director Frank Russell Ellett of Atlantic Union Bankshares Co. (NASDAQ:AUB) purchased 4,467 shares of the company’s stock. The transaction took place at an average price of $30.85 per share, totaling $137,806.95. Following this acquisition, Ellett now holds 56,801 shares valued at approximately $1,752,310.85. The details of the transaction were disclosed in a filing with the Securities & Exchange Commission.
This recent purchase adds to Ellett’s previous acquisition of 5,000 shares on June 6th, at an average cost of $31.71 per share, amounting to $158,550.00.
Atlantic Union Bankshares Co. has shown consistent performance, with a market cap of $2.77 billion and a PE ratio of 11.33. The stock opened at $30.82 on the day of the latest transaction, with a fifty-day moving average of $32.84 and a 200-day moving average of $33.83.
In terms of financial results, Atlantic Union Bankshares reported earnings per share of $0.65 for the last quarter, slightly below the consensus estimate of $0.69. The company generated revenue of $288.47 million, surpassing analyst expectations. Looking ahead, sell-side analysts project earnings per share of 2.95 for the current fiscal year.
Additionally, Atlantic Union Bankshares recently declared a quarterly dividend, with a payout ratio of 47.06% and a dividend yield of 4.15%. Institutional investors have shown interest in the company, with notable positions taken by firms such as EMC Capital Management and Price T Rowe Associates Inc. MD.
Wall Street analysts have provided various ratings and price targets for Atlantic Union Bankshares, emphasizing growth potential. The company operates as a bank holding entity, offering a range of financial products and services to consumers and businesses in the United States.
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