There was a significant reduction in the number of short positions taken in Atlantic Union Bankshares Co. during November (NASDAQ: AUB). As of November 30, a total of 675,800 shares were borrowed, a decrease of 28.6% from the 946,800 borrowed the day before. Roughly 0.9% of the total number of outstanding shares in the company are sold short at any given time. Based on an average daily volume of 238,600 shares, the days-to-cover ratio is currently 2.8 days. This number was arrived at after applying some basic math.
A variety of institutional investors, including hedge funds and other types of investment vehicles, have recently made modifications to the total number of shares they are presently holding in their portfolios. As a direct result of the recent acquisitions made by the company, the amount of Atlantic Union Bankshares held by the Bank of New York Mellon Corp. increased by 4.5% during the third quarter of this year. Bank of New York Mellon Corp now has a total of 524,920 shares of the company’s stock, which are currently valued at $15,947,000 following the acquisition of an additional 22,738 shares during the most recent quarter. In addition, the Teachers Retirement System of Kentucky made a new investment by purchasing 1,547,000 dollars worth of Atlantic Union Bankshares during the third quarter of the fiscal year. As a result, a 29.6% increase in the proportion of Atlantic Union Bankshares that FourThought Financial LLC owns in the company was accomplished during the third quarter. FourThought Financial LLC now has 3,679 shares of the company’s stock, which are currently valued at $112,000 following the acquisition of an additional 840 shares during the preceding quarter. During the third quarter, Captrust Financial Advisors achieved a 189.2% increase in its Atlantic Union Bankshares ownership. The most recent quarter saw Captrust Financial Advisors acquire 9,153 additional company shares, bringing their total number of shares owned to 13,991, with a value of $425,000. This was the most recent acquisition for the firm.
Last but not least, State Street Corporation increased its holdings of Atlantic Union Bankshares by 1.2% during the third quarter. This certainly should not be considered the least important development. State Street Corp. now has a total of 2,285,432 shares of the company’s stock, valued at a combined total of $69,431,000, after purchasing an additional 27,703 shares during the preceding quarter. This brings the total number of shares owned by State Street Corp. to 2,285,432. In addition, shares of the company are currently held, as a whole, by institutional investors and hedge funds, which together account for 69.95% of the total.
In related news, Atlantic Union Bankshares’ Executive Vice President, Robert Michael Gorman, purchased 3,200 shares of the company’s stock on November 1. This represents a significant new turn of events. It was acquired by paying a total of $110,432.00 in shares of stock, which works out to a price of $34.51 per share on average. Currently, the Executive Vice President is the direct owner of 53,171 shares, and it is estimated that these shares have a value of approximately $1,834,931.21. One can access the official document that disclosed the acquisition by going to the Securities and Exchange Commission (SEC) website. In addition, the chief executive officer of Atlantic Union Bankshares, John C. Asbury, purchased 7,235 shares of the company’s stock on Tuesday, November 1. This was mentioned in a few different news articles. A total of $249,462.80 was spent on the acquisition of the stock, which works out to an average price of $34.48 per share. The chief executive officer personally owns 171,463 shares of the company, with a total market value of approximately $5,912,044.24.One can gain access to the official document that was claimed to have been used in the acquisition by going to the website of the Securities and Exchange Commission (SEC). Robert Michael Gorman, Executive Vice President, purchased 3,200 shares of Atlantic Union Bankshares stock on November 1.
Additionally, Gorman purchased shares in his own company. The cost of purchasing one share of stock averaged $34.51, bringing the total amount spent on purchasing shares to $110,432.00. The total amount of money spent on the purchase of shares was as follows: As a direct consequence of the acquisition, the executive vice president is now the proud owner of 53,171 company shares, which have a combined value of $1,834,931.21. You should look in this location if you are looking for the disclosure that pertains to this transaction. In addition, business insiders spent $882,345 on 25,435 shares of company stock during the most recent accounting period. The personal portfolios of corporate insiders currently contain 1.01% of the total shares outstanding of the company.
This past Thursday, the price of a single share of AUB stock was determined to be $34.49 per share. The stock’s simple moving average over the past fifty days is $34.20, and its simple moving average over the past 200 days is $33.81. This business has a price-to-earnings ratio of 13.21, a beta of 1.05, and a market capitalization of $2.58 billion. There is a debt-to-equity ratio of 0.17, a current ratio of 0.84, and a quick ratio of 0.84. All three ratios are strikingly similar. In addition, Atlantic Union Bankshares hit an all-time low of $30.26 during the past year, while the stock reached an all-time high of $42.67 during the same period.
On October 20, Atlantic Union Bankshares (NASDAQ: AUB) released its most recent quarterly earnings report. The report was for the previous quarter. The company’s earnings of $0.74 were distributed to each shareholder for the period. It was projected that the company would have sales of $179.50 million for the quarter, but they came in at $180.14 million, a significant increase over the prediction. Atlantic Union Bankshares achieved a rate of 8.79% for both its net margin and its return on the equity earnings report. The report was for the previous quarter. The company’s earnings of $0.74 were distributed to each shareholder for the period. It was projected that the company would have sales of $179.50 million for the quarter, but they came in at $180.14 million, a significant increase over the prediction. Atlantic Union Bankshares achieved a rate of 8.79% for its net margin and its return on equity. The net margin for the company came in at 28.76%. The company made a profit of $0.94 per share during the same period in the previous year. According to the projections offered by equity research analysts, Atlantic Union Bankshares is anticipated to bring in a profit of 2.9 cents per share during the current fiscal year.
In addition, the business recently announced a quarterly dividend, which was paid out on November 25 and distributed the following day. On Friday, November 11, dividend payments were sent out to stockholders whose information was already on file on November 25 and distributed the following day. On Friday, November 11, dividend payments were sent out to stockholders whose information was already on file. The amount of each dividend payment was $0.30 per share. This represents a return of 3.48 percent when calculated annually, in addition to a dividend payment of 1.20 dollars. November 9 saw the distribution of a dividend to the company’s shareholders. At this time, it has been determined that the dividend payout ratio, also known as the DPR, for Atlantic Union Bankshares is 45.11 percent.