$HAREHOLDER INVESTIGATION: The M&A Class Action Firm Continues to Investigate the Mergers of BRKH, AUB, CTV and VBFC
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Nov 22 2024
0mins
Source: Globenewswire
Class Action Firm Announcement: Monteverde & Associates PC is investigating several proposed mergers involving companies like BurTech Acquisition Corp., Atlantic Union Bankshares Corp., Innovid Corp., and Village Bank and Trust Financial Corp., with shareholder votes scheduled for December 2024.
Firm's Credentials and Contact Information: The firm, recognized as a top class action firm, emphasizes its successful track record in recovering funds for shareholders and invites concerned stockholders to contact them for free information.
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Analyst Views on AUB
Wall Street analysts forecast AUB stock price to rise
7 Analyst Rating
4 Buy
3 Hold
0 Sell
Moderate Buy
Current: 39.610
Low
40.00
Averages
44.25
High
47.50
Current: 39.610
Low
40.00
Averages
44.25
High
47.50
About AUB
Atlantic Union Bankshares Corporation is the holding company for Atlantic Union Bank (the Bank), which provides banking and related financial products and services to consumers and businesses. The Bank has branches and ATMs located in Virginia, Maryland, North Carolina, and Washington D.C. Its segments include Wholesale Banking and Consumer Banking. Its Wholesale Banking segment provides loan, leasing, deposit services, treasury management, and capital market services to its wholesale customers throughout Virginia, Maryland, Washington, D.C., North Carolina, and South Carolina. These customers include commercial real estate, commercial and industrial customers. This segment also includes its equipment finance subsidiary and its wealth management business. Its Consumer Banking segment provides loan and deposit services and retail brokerage services to consumers and small businesses throughout Virginia, Maryland, Washington, D.C., and North Carolina.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
Atlantic Union Bank Partners with Spiral to Enhance Savings Experience
- Partnership Overview: Atlantic Union Bank has partnered with award-winning platform Spiral to empower customers to easily grow their savings through personalized banking experiences and everyday purchases, enhancing customer satisfaction and loyalty.
- Savings Innovation: Spiral's Savings Center will enable customers to achieve financial goals such as buying a home or starting a business through features like Automatic Savings and goal tracking, thereby improving savings rates and promoting long-term financial health.
- Community Impact: Customers can automatically round up their purchases to donate spare change to charitable causes, with Spiral's Giving Center simplifying the donation process and enhancing support for local nonprofits, driving positive community change.
- Strategic Alignment: This partnership aligns with Atlantic Union Bank's Community Impact Plan, aimed at expanding economic opportunities and financial access, while attracting more nonprofit businesses through innovative digital solutions, enhancing the bank's competitive position in the market.
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Australian Market Rebounds, Dividend Stocks in Focus
- Market Rebound Context: The Australian market has rebounded from a significant A$45 billion loss, driven by positive developments on Wall Street and potential geopolitical resolutions, leading to increased investor interest in dividend stocks as a source of stable income amidst market fluctuations.
- Dividend Stock Selection: In this dynamic environment, selecting stocks with strong fundamentals and stable dividends, such as Fiducian Group (5.88% yield) and Steadfast Group (4.88% yield), can provide investors with reliable income streams to navigate market volatility effectively.
- Fiducian Group Performance: With a market cap of A$273.69 million, Fiducian Group has demonstrated stable dividend growth over the past decade, and its payout ratio of 79.8% indicates that earnings and cash flows can support its dividends; its recent inclusion in the S&P/ASX Emerging Companies Index may further enhance investor interest.
- Steadfast Group Analysis: Steadfast Group, valued at A$4.53 billion, offers a dividend yield of 4.88%, which is below top-tier payers, yet its payout ratio of 61.8% and cash payout ratio of 42.3% reflect strong earnings and cash flow support, while consistent dividend increases over the past decade enhance its appeal to dividend investors.
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FHLBank Atlanta Breaks Ground on Six Affordable Housing Developments
- Funding Support: FHLBank Atlanta has allocated $3.3 million in grants from its General Fund to four affordable multifamily rental developments, aimed at rehabilitating 81 affordable rental units, demonstrating a strong response to community housing needs.
- Project Details: The funding includes $925,300 for 23 units at The Sorrento, $700,000 for 17 units at The Marietta, $1.2 million for 29 units at The Mozart, and $500,000 for 12 units at The Fuller, reflecting precise support for diverse community needs.
- Partnership Commitment: Jubilee Housing, as the applicant, emphasizes the collaboration with FHLBank Atlanta and Atlantic Union Bank, highlighting their shared commitment to advancing affordable housing and community development, which fosters sustainable community growth.
- Long-term Impact: Over the past year, FHLBank Atlanta provided more than $128 million in grants, with plans to allocate $120 million in 2026, bringing the three-year total to over $300 million, underscoring its strategic importance in promoting housing affordability and community development.
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Atlantic Union Bankshares Approves $250 Million Share Repurchase Program
- Repurchase Program Approval: Atlantic Union Bankshares' board has approved a share repurchase program of up to $250 million, valid through May 5, 2027, indicating the company's confidence in its stock value.
- Market Condition Flexibility: The program allows the company to repurchase shares from time to time in open market or privately negotiated transactions, subject to market conditions and other factors, enhancing its flexibility in responding to market fluctuations.
- Discretionary Decision-Making: The timing, volume, and pricing of any buybacks will be at the company's discretion, enabling more effective management of its capital structure and shareholder returns.
- Strategic Adjustment Possibility: The implementation of this program may be modified or terminated based on market conditions, reflecting the company's strategic mindset to remain adaptable in a dynamic market environment.
See More
Atlantic Union Bankshares Declares Quarterly Dividend
- Quarterly Dividend Announcement: The Board of Atlantic Union Bankshares declared a quarterly dividend of $0.37 per common share, consistent with Q1 2026, and an increase of $0.03 or 8.8% from Q2 2025, indicating sustained profitability.
- Dividend Yield: With a closing stock price of $37.21 on May 4, 2026, the dividend yield stands at approximately 4.0%, providing investors with a stable return and enhancing the stock's market appeal.
- Preferred Stock Dividend: The Board also declared a quarterly dividend of $171.88 per share on the 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, equivalent to $0.43 per depositary share, reflecting the company's commitment to its preferred shareholders and strengthening its capital structure.
- Payment Schedule: The common stock dividend will be paid on June 5, 2026, while the preferred stock dividend is scheduled for June 1, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
See More
AMREP and Atlantic Union Executives Increase Stock Holdings
- Executive Purchase of AXR: AMREP's Director Timothy S. McNaney bought 1,765 shares of AXR at $28.17 each for a total of $49,720, with the current trading price at $28.41, reflecting a 0.9% gain and indicating confidence in the company's future performance.
- Market Performance Recovery: AMREP's stock rose approximately 0.8% on Thursday, showcasing positive market sentiment, particularly as this marks McNaney's first purchase in the past year, which may attract more investor interest.
- Atlantic Union Purchase Details: Nancy H. Agee of Atlantic Union Bankshares purchased 650 shares at $39.05 each for a total of $25,382, while the current share price is $37.10, 5.0% below her purchase price, highlighting the impact of market fluctuations on investor decisions.
- Investor Opportunities: Agee's purchase reflects confidence in Atlantic Union, and despite the current price being lower than her purchase price, investors can still enter at a relatively low level, potentially setting the stage for future rebounds.
See More
Atlantic Union Bank Partners with Spiral to Enhance Savings Experience
- Partnership Overview: Atlantic Union Bank has partnered with award-winning platform Spiral to empower customers to easily grow their savings through personalized banking experiences and everyday purchases, enhancing customer satisfaction and loyalty.
- Savings Innovation: Spiral's Savings Center will enable customers to achieve financial goals such as buying a home or starting a business through features like Automatic Savings and goal tracking, thereby improving savings rates and promoting long-term financial health.
- Community Impact: Customers can automatically round up their purchases to donate spare change to charitable causes, with Spiral's Giving Center simplifying the donation process and enhancing support for local nonprofits, driving positive community change.
- Strategic Alignment: This partnership aligns with Atlantic Union Bank's Community Impact Plan, aimed at expanding economic opportunities and financial access, while attracting more nonprofit businesses through innovative digital solutions, enhancing the bank's competitive position in the market.
See More
Australian Market Rebounds, Dividend Stocks in Focus
- Market Rebound Context: The Australian market has rebounded from a significant A$45 billion loss, driven by positive developments on Wall Street and potential geopolitical resolutions, leading to increased investor interest in dividend stocks as a source of stable income amidst market fluctuations.
- Dividend Stock Selection: In this dynamic environment, selecting stocks with strong fundamentals and stable dividends, such as Fiducian Group (5.88% yield) and Steadfast Group (4.88% yield), can provide investors with reliable income streams to navigate market volatility effectively.
- Fiducian Group Performance: With a market cap of A$273.69 million, Fiducian Group has demonstrated stable dividend growth over the past decade, and its payout ratio of 79.8% indicates that earnings and cash flows can support its dividends; its recent inclusion in the S&P/ASX Emerging Companies Index may further enhance investor interest.
- Steadfast Group Analysis: Steadfast Group, valued at A$4.53 billion, offers a dividend yield of 4.88%, which is below top-tier payers, yet its payout ratio of 61.8% and cash payout ratio of 42.3% reflect strong earnings and cash flow support, while consistent dividend increases over the past decade enhance its appeal to dividend investors.
See More
FHLBank Atlanta Breaks Ground on Six Affordable Housing Developments
- Funding Support: FHLBank Atlanta has allocated $3.3 million in grants from its General Fund to four affordable multifamily rental developments, aimed at rehabilitating 81 affordable rental units, demonstrating a strong response to community housing needs.
- Project Details: The funding includes $925,300 for 23 units at The Sorrento, $700,000 for 17 units at The Marietta, $1.2 million for 29 units at The Mozart, and $500,000 for 12 units at The Fuller, reflecting precise support for diverse community needs.
- Partnership Commitment: Jubilee Housing, as the applicant, emphasizes the collaboration with FHLBank Atlanta and Atlantic Union Bank, highlighting their shared commitment to advancing affordable housing and community development, which fosters sustainable community growth.
- Long-term Impact: Over the past year, FHLBank Atlanta provided more than $128 million in grants, with plans to allocate $120 million in 2026, bringing the three-year total to over $300 million, underscoring its strategic importance in promoting housing affordability and community development.
See More
Atlantic Union Bankshares Approves $250 Million Share Repurchase Program
- Repurchase Program Approval: Atlantic Union Bankshares' board has approved a share repurchase program of up to $250 million, valid through May 5, 2027, indicating the company's confidence in its stock value.
- Market Condition Flexibility: The program allows the company to repurchase shares from time to time in open market or privately negotiated transactions, subject to market conditions and other factors, enhancing its flexibility in responding to market fluctuations.
- Discretionary Decision-Making: The timing, volume, and pricing of any buybacks will be at the company's discretion, enabling more effective management of its capital structure and shareholder returns.
- Strategic Adjustment Possibility: The implementation of this program may be modified or terminated based on market conditions, reflecting the company's strategic mindset to remain adaptable in a dynamic market environment.
See More
Atlantic Union Bankshares Declares Quarterly Dividend
- Quarterly Dividend Announcement: The Board of Atlantic Union Bankshares declared a quarterly dividend of $0.37 per common share, consistent with Q1 2026, and an increase of $0.03 or 8.8% from Q2 2025, indicating sustained profitability.
- Dividend Yield: With a closing stock price of $37.21 on May 4, 2026, the dividend yield stands at approximately 4.0%, providing investors with a stable return and enhancing the stock's market appeal.
- Preferred Stock Dividend: The Board also declared a quarterly dividend of $171.88 per share on the 6.875% Perpetual Non-Cumulative Preferred Stock, Series A, equivalent to $0.43 per depositary share, reflecting the company's commitment to its preferred shareholders and strengthening its capital structure.
- Payment Schedule: The common stock dividend will be paid on June 5, 2026, while the preferred stock dividend is scheduled for June 1, 2026, ensuring timely returns for shareholders and demonstrating effective cash flow management by the company.
See More
AMREP and Atlantic Union Executives Increase Stock Holdings
- Executive Purchase of AXR: AMREP's Director Timothy S. McNaney bought 1,765 shares of AXR at $28.17 each for a total of $49,720, with the current trading price at $28.41, reflecting a 0.9% gain and indicating confidence in the company's future performance.
- Market Performance Recovery: AMREP's stock rose approximately 0.8% on Thursday, showcasing positive market sentiment, particularly as this marks McNaney's first purchase in the past year, which may attract more investor interest.
- Atlantic Union Purchase Details: Nancy H. Agee of Atlantic Union Bankshares purchased 650 shares at $39.05 each for a total of $25,382, while the current share price is $37.10, 5.0% below her purchase price, highlighting the impact of market fluctuations on investor decisions.
- Investor Opportunities: Agee's purchase reflects confidence in Atlantic Union, and despite the current price being lower than her purchase price, investors can still enter at a relatively low level, potentially setting the stage for future rebounds.
See More
