Hsbc Holdings PLC Buys 98,696 Shares of Atlantic Union Bankshares Co. $AUB

Hsbc Holdings PLC raised its stake in Atlantic Union Bankshares Co. (NYSE:AUB) by 1,292.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 106,335 shares of the company’s stock after purchasing an additional 98,696 shares during the period. Hsbc Holdings PLC’s holdings in Atlantic Union Bankshares were worth $3,752,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. AQR Capital Management LLC grew its stake in Atlantic Union Bankshares by 634.3% in the 1st quarter. AQR Capital Management LLC now owns 41,902 shares of the company’s stock valued at $1,305,000 after buying an additional 36,196 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in Atlantic Union Bankshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company’s stock worth $1,658,000 after acquiring an additional 2,322 shares during the last quarter. Goldman Sachs Group Inc. lifted 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 worth $66,548,000 after acquiring an additional 565,564 shares during the last quarter. Empowered Funds LLC bought a new stake in shares of Atlantic Union Bankshares during the first quarter worth approximately $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its holdings in shares of Atlantic Union Bankshares by 9.7% during the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company’s stock worth $7,766,000 after acquiring an additional 22,078 shares during the period. 78.58% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the company. Zacks Research lowered Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Piper Sandler boosted their price target on Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a research note on Thursday, June 11th. Stephens reaffirmed an “overweight” rating and issued a $46.00 price objective on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Weiss Ratings assumed coverage on Atlantic Union Bankshares in a report on Monday. They issued a “buy (b-)” rating on the stock. Finally, Morgan Stanley increased their price objective on 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. Five equities research analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.62.

Insider Buying and Selling

In related news, Director Nancy H. Agee acquired 650 shares of the company’s stock in a transaction on Monday, April 20th. The stock was purchased at an average cost of $39.05 per share, with a total value of $25,382.50. Following the acquisition, the director directly owned 37,797 shares of the company’s stock, valued at approximately $1,475,972.85. The trade was a 1.75% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.96% of the stock is currently owned by company insiders.

Atlantic Union Bankshares Stock Performance

NYSE AUB opened at $42.00 on Friday. The firm has a 50-day moving average price of $39.02 and a two-hundred day moving average price of $38.04. Atlantic Union Bankshares Co. has a 12-month low of $30.39 and a 12-month high of $43.62. The company has a market capitalization of $6.01 billion, a P/E ratio of 17.80 and a beta of 0.79. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares (NYSE:AUB) last announced its earnings results on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 10.74% and a net margin of 15.50%.The business had revenue of $371.71 million for the quarter, compared to the consensus estimate of $391.24 million. During the same period in the prior year, the business posted $0.90 earnings per share. Analysts anticipate that Atlantic Union Bankshares Co. will post 3.74 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

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