Fort Washington Investment Advisors Inc. OH Grows Stake in Atlantic Union Bankshares Co. $AUB

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 36.8% during the 1st quarter, Holdings Channel.com reports. The fund owned 829,469 shares of the company’s stock after buying an additional 223,210 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Atlantic Union Bankshares were worth $29,645,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in AUB. IFP Advisors Inc raised its holdings in 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 in the last quarter. Commonwealth Retirement Investments LLC acquired a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at $39,000. EverSource Wealth Advisors LLC grew 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 valued at $48,000 after buying an additional 1,287 shares during the last quarter. Farther Finance Advisors LLC grew 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 valued at $73,000 after buying an additional 1,200 shares during the last quarter. Finally, Johnson Financial Group Inc. acquired a new stake in Atlantic Union Bankshares during the 3rd quarter worth $77,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Up 0.0%

Shares of Atlantic Union Bankshares stock opened at $41.88 on Monday. The company has a market cap of $5.99 billion, a P/E ratio of 18.29 and a beta of 0.80. 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 Co. has a one year low of $30.39 and a one year high of $42.18. The firm has a fifty day moving average of $38.18 and a two-hundred day moving average of $37.65.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $371.71 million for the quarter, compared to analyst estimates of $391.24 million. During the same quarter last year, the firm earned $0.90 earnings per share. On average, analysts forecast that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Shareholders of record on Friday, May 22nd were issued a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend was Friday, May 22nd. Atlantic Union Bankshares’s payout ratio is currently 62.71%.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Nancy H. Agee bought 650 shares of the business’s stock in a transaction dated Monday, April 20th. The stock was acquired at an average cost of $39.05 per share, with a total value of $25,382.50. Following the purchase, the director owned 37,797 shares in the company, valued at approximately $1,475,972.85. This represents a 1.75% increase in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the stock. Zacks Research cut shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. Piper Sandler raised their price objective on Atlantic Union Bankshares from $45.00 to $46.00 and gave the stock an “overweight” rating in a report on Thursday, June 11th. Stephens reiterated an “overweight” rating and set a $46.00 target price on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th. Morgan Stanley boosted their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday, March 2nd. Finally, TD Cowen upped their target price on Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Four investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.88.

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.