Atlantic Union Bankshares Co. $AUB Stake Raised by Wills Financial Group LLC

Wills Financial Group LLC boosted its holdings in shares of Atlantic Union Bankshares Co. (NYSE:AUB) by 22.5% in the 1st quarter, Holdings Channel reports. The firm owned 79,169 shares of the company’s stock after buying an additional 14,529 shares during the period. Atlantic Union Bankshares makes up approximately 1.2% of Wills Financial Group LLC’s portfolio, making the stock its 29th largest holding. Wills Financial Group LLC’s holdings in Atlantic Union Bankshares were worth $2,888,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also modified their holdings of the company. Dimensional Fund Advisors LP increased its position in Atlantic Union Bankshares by 1.4% in the 1st quarter. Dimensional Fund Advisors LP now owns 7,635,464 shares of the company’s stock worth $272,883,000 after buying an additional 102,821 shares during the period. State Street Corp lifted its stake in Atlantic Union Bankshares by 24.5% during the second quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after purchasing an additional 1,457,647 shares during the period. North Reef Capital Management LP grew its position in Atlantic Union Bankshares by 23.1% in the fourth quarter. North Reef Capital Management LP now owns 4,572,090 shares of the company’s stock valued at $161,395,000 after acquiring an additional 858,486 shares during the period. T. Rowe Price Investment Management Inc. bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter worth about $87,022,000. Finally, Goldman Sachs Group Inc. raised its stake in shares of Atlantic Union Bankshares by 36.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock valued at $66,548,000 after acquiring an additional 565,564 shares during the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AUB shares. Weiss Ratings assumed coverage on shares of Atlantic Union Bankshares in a research report on Monday, July 6th. They set a “buy (b-)” rating on the stock. TD Cowen increased their target price on Atlantic Union Bankshares from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday. Stephens reissued an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Morgan Stanley lifted their price target on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Finally, Piper Sandler reiterated an “overweight” rating and set a $47.00 price objective on shares of Atlantic Union Bankshares in a report on Wednesday. Five investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $44.12.

Atlantic Union Bankshares Price Performance

AUB stock opened at $42.09 on Friday. The company has a market capitalization of $6.02 billion, a P/E ratio of 12.56 and a beta of 0.79. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.92 and a current ratio of 0.93. Atlantic Union Bankshares Co. has a 52-week low of $30.39 and a 52-week high of $43.62. The company has a fifty day moving average price of $39.90 and a 200-day moving average price of $38.45.

Atlantic Union Bankshares (NYSE:AUB) last released its earnings results on Tuesday, July 21st. The company reported $0.94 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The company had revenue of $387.57 million for the quarter, compared to the consensus estimate of $389.06 million. During the same quarter in the previous year, the company earned $0.95 EPS. Atlantic Union Bankshares’s quarterly revenue was up 3.1% compared to the same quarter last year. As a group, equities analysts expect that Atlantic Union Bankshares Co. will post 3.75 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were given a dividend of $0.37 per share. The ex-dividend date was Friday, May 22nd. This represents a $1.48 annualized dividend and a yield of 3.5%. Atlantic Union Bankshares’s dividend payout ratio is presently 62.71%.

Atlantic Union Bankshares Company Profile

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.