Segall Bryant & Hamill LLC Acquires Shares of 13,325 Atlantic Union Bankshares Co. $AUB

Segall Bryant & Hamill LLC bought a new position in shares of Atlantic Union Bankshares Co. (NYSE:AUB) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 13,325 shares of the company’s stock, valued at approximately $476,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. IFP Advisors Inc grew its holdings in shares of Atlantic Union Bankshares by 362.5% during the fourth quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $26,000 after purchasing an additional 580 shares during the last quarter. Commonwealth Retirement Investments LLC bought a new position in Atlantic Union Bankshares during the fourth quarter worth $39,000. EverSource Wealth Advisors LLC raised its position in shares of Atlantic Union Bankshares by 504.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock worth $48,000 after acquiring an additional 1,287 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Atlantic Union Bankshares by 138.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock worth $73,000 after purchasing an additional 1,200 shares in the last quarter. Finally, Johnson Financial Group Inc. acquired a new position in shares of Atlantic Union Bankshares during the 3rd quarter valued at $77,000. Institutional investors own 78.58% of the company’s stock.

Analyst Ratings Changes

Several research analysts have issued reports on the company. Weiss Ratings assumed coverage on Atlantic Union Bankshares in a report on Monday, July 6th. They issued a “buy (b-)” rating on the stock. Morgan Stanley upped their price objective on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research report on Monday, June 29th. TD Cowen boosted their price target on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a report on Wednesday, July 22nd. Stephens reissued an “overweight” rating and set a $46.00 price objective on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Finally, Piper Sandler reiterated an “overweight” rating and issued a $47.00 target price on shares of Atlantic Union Bankshares in a research note on Wednesday, July 22nd. Five investment analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and an average price target of $45.57.

Atlantic Union Bankshares Stock Performance

NYSE:AUB opened at $42.44 on Friday. Atlantic Union Bankshares Co. has a 1-year low of $30.87 and a 1-year high of $43.62. The company has a market capitalization of $6.07 billion, a price-to-earnings ratio of 12.67 and a beta of 0.79. The business has a 50 day moving average of $40.95 and a 200 day moving average of $38.84. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.93.

Atlantic Union Bankshares (NYSE:AUB) last posted its quarterly earnings results on Tuesday, July 21st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%.The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. During the same period last year, the company earned $0.95 EPS. Atlantic Union Bankshares’s revenue for the quarter was up 3.1% compared to the same quarter last year. On average, sell-side analysts predict that Atlantic Union Bankshares Co. will post 3.76 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, August 21st. Shareholders of record on Friday, August 7th will be issued a $0.37 dividend. The ex-dividend date is Friday, August 7th. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. Atlantic Union Bankshares’s dividend payout ratio is 44.18%.

Atlantic Union Bankshares 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.