Atlantic Union Bankshares Co. $AUB Position Increased by William Blair Investment Management LLC

William Blair Investment Management LLC boosted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 5.0% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 1,021,450 shares of the company’s stock after purchasing an additional 48,270 shares during the period. William Blair Investment Management LLC’s holdings in Atlantic Union Bankshares were worth $36,047,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Westside Investment Management Inc. raised its stake in shares of Atlantic Union Bankshares by 100.0% during the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock worth $27,000 after purchasing an additional 390 shares in the last quarter. Farther Finance Advisors LLC increased its holdings in Atlantic Union Bankshares by 309.5% in the third quarter. Farther Finance Advisors LLC now owns 864 shares of the company’s stock worth $30,000 after buying an additional 653 shares during the last quarter. Huntington National Bank raised its position in Atlantic Union Bankshares by 71.7% during the second quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after acquiring an additional 542 shares in the last quarter. Abich Financial Wealth Management LLC acquired a new stake in Atlantic Union Bankshares in the third quarter valued at approximately $50,000. Finally, Nomura Asset Management Co. Ltd. grew its position in Atlantic Union Bankshares by 64.8% in the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock worth $48,000 after acquiring an additional 603 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Price Performance

NASDAQ AUB opened at $36.97 on Monday. The stock has a 50-day simple moving average of $38.48 and a 200 day simple moving average of $35.93. Atlantic Union Bankshares Co. has a twelve month low of $22.85 and a twelve month high of $42.18. The stock has a market capitalization of $5.27 billion, a PE ratio of 16.14 and a beta of 0.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, topping the consensus estimate of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The company had revenue of $391.33 million for the quarter, compared to the consensus estimate of $378.95 million. During the same period in the previous year, the business posted $0.67 EPS. Research analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.48 dividend on an annualized basis and a yield of 4.0%. Atlantic Union Bankshares’s payout ratio is 72.55%.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AUB shares. Piper Sandler raised their price target on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a report on Thursday, February 5th. Zacks Research raised shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. Stephens raised their target price on Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, January 26th. Raymond James Financial set a $45.00 price target on Atlantic Union Bankshares in a research note on Thursday, December 11th. Finally, Morgan Stanley increased their price objective on Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, December 11th. One equities research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, Atlantic Union Bankshares presently has an average rating of “Moderate Buy” and a consensus target price of $42.55.

About Atlantic Union Bankshares

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.