Swiss National Bank Has $7.82 Million Stock Holdings in Atlantic Union Bankshares Co. $AUB

Swiss National Bank increased its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 43.7% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 249,828 shares of the company’s stock after acquiring an additional 75,981 shares during the period. Swiss National Bank owned about 0.18% of Atlantic Union Bankshares worth $7,815,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. increased its position in Atlantic Union Bankshares by 8.9% in the 1st quarter. Vanguard Group Inc. now owns 11,932,493 shares of the company’s stock worth $371,578,000 after purchasing an additional 978,793 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of Atlantic Union Bankshares by 59.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,375,225 shares of the company’s stock valued at $105,589,000 after buying an additional 1,255,064 shares in the last quarter. Ameriprise Financial Inc. increased its holdings in Atlantic Union Bankshares by 6.3% in the first quarter. Ameriprise Financial Inc. now owns 2,751,341 shares of the company’s stock worth $85,676,000 after buying an additional 163,451 shares during the last quarter. Westwood Holdings Group Inc. increased its holdings in Atlantic Union Bankshares by 10.4% in the second quarter. Westwood Holdings Group Inc. now owns 2,376,734 shares of the company’s stock worth $74,344,000 after buying an additional 224,267 shares during the last quarter. Finally, Goldman Sachs Group Inc. raised its position in Atlantic Union Bankshares by 36.0% during 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 in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Analyst Ratings Changes

AUB has been the subject of several recent research reports. Raymond James Financial reissued a “strong-buy” rating on shares of Atlantic Union Bankshares in a research report on Friday, October 24th. Keefe, Bruyette & Woods upped their price objective on shares of Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. Piper Sandler lowered their target price on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating on the stock in a research report on Friday, October 24th. Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a report on Monday, October 27th. Finally, National Bankshares set a $46.00 target price on shares of Atlantic Union Bankshares in a research report on Wednesday, September 24th. One research analyst has rated the stock with a Strong Buy rating, six have given a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $40.61.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $33.83 on Friday. The company’s fifty day moving average is $33.91 and its two-hundred day moving average is $33.06. Atlantic Union Bankshares Co. has a 52-week low of $22.85 and a 52-week high of $43.44. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The firm has a market capitalization of $4.82 billion, a price-to-earnings ratio of 14.77 and a beta of 0.93.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Thursday, October 23rd. The company reported $0.84 EPS for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $319.21 million for the quarter, compared to analyst estimates of $377.92 million. During the same period in the prior year, the company posted $0.83 EPS. The firm’s quarterly revenue was up 69.8% on a year-over-year basis. Equities research analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Stockholders of record on Friday, November 14th were given a dividend of $0.37 per share. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date was Friday, November 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 79.14%.

Atlantic Union Bankshares Company Profile

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.