Hsbc Holdings PLC Acquires 20,695 Shares of Atlantic Union Bankshares Co. $AUB

Hsbc Holdings PLC lifted its stake in Atlantic Union Bankshares Co. (NYSE:AUB) by 19.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 127,030 shares of the company’s stock after purchasing an additional 20,695 shares during the period. Hsbc Holdings PLC owned about 0.09% of Atlantic Union Bankshares worth $4,538,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in AUB. IFP Advisors Inc grew its holdings in Atlantic Union Bankshares by 362.5% during the 4th quarter. IFP Advisors Inc now owns 740 shares of the company’s stock worth $26,000 after acquiring an additional 580 shares in the last quarter. Commonwealth Retirement Investments LLC bought a new stake in shares of Atlantic Union Bankshares in the 4th quarter valued at about $39,000. EverSource Wealth Advisors LLC raised its holdings 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 valued at $48,000 after purchasing an additional 1,287 shares in the last quarter. Farther Finance Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 138.9% in the 4th 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 during the period. Finally, Johnson Financial Group Inc. purchased a new stake in shares of Atlantic Union Bankshares in the 3rd quarter worth approximately $77,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

AUB has been the topic of several research reports. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Morgan Stanley upped their target price on Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Piper Sandler restated an “overweight” rating and set a $47.00 target price on shares of Atlantic Union Bankshares in a report on Wednesday. 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 report on Wednesday. Finally, Weiss Ratings started coverage on Atlantic Union Bankshares in a report on Monday, July 6th. They issued a “buy (b-)” rating on the stock. Five research analysts have rated the stock with a Buy rating and four have given a Hold rating to the stock. According to data from MarketBeat, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and an average price target of $44.12.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $42.18 on Friday. The business has a fifty day moving average of $40.02 and a 200 day moving average of $38.48. Atlantic Union Bankshares Co. has a 1 year low of $30.39 and a 1 year high of $43.62. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.93 and a quick ratio of 0.92. The firm has a market capitalization of $6.04 billion, a price-to-earnings ratio of 12.59 and a beta of 0.79.

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

Atlantic Union Bankshares Announces Dividend

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 (DPR) is presently 62.71%.

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.