Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH lifted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 19.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 523,891 shares of the company’s stock after acquiring an additional 84,290 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Atlantic Union Bankshares were worth $19,845,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Nomura Asset Management Co. Ltd. grew its stake in Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after purchasing an additional 410 shares in the last quarter. GAMMA Investing LLC grew its position in shares of Atlantic Union Bankshares by 88.6% in the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company’s stock worth $39,000 after acquiring an additional 489 shares in the last quarter. UMB Bank n.a. increased its holdings in shares of Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares during the last quarter. Quest Partners LLC acquired a new stake in shares of Atlantic Union Bankshares during the 3rd quarter valued at approximately $56,000. Finally, Blue Trust Inc. lifted its stake in Atlantic Union Bankshares by 110.2% during the third quarter. Blue Trust Inc. now owns 2,089 shares of the company’s stock worth $79,000 after purchasing an additional 1,095 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Atlantic Union Bankshares Stock Down 1.0 %

AUB stock opened at $37.89 on Thursday. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.13. The firm’s 50-day simple moving average is $39.67 and its 200 day simple moving average is $38.66. The stock has a market cap of $3.40 billion, a PE ratio of 15.72 and a beta of 0.93. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The company had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. During the same quarter in the previous year, the company posted $0.80 earnings per share. As a group, sell-side analysts predict that Atlantic Union Bankshares Co. will post 2.9 EPS for the current year.

Analyst Ratings Changes

A number of analysts have weighed in on AUB shares. Keefe, Bruyette & Woods increased their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective on the stock. Finally, Raymond James decreased their target price on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.60.

About Atlantic Union Bankshares

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.