SBI Securities Co. Ltd. Buys 20,816 Shares of Atlantic Union Bankshares Co. $AUB

SBI Securities Co. Ltd. boosted its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1,040,800.0% in the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 20,818 shares of the company’s stock after purchasing an additional 20,816 shares during the quarter. SBI Securities Co. Ltd.’s holdings in Atlantic Union Bankshares were worth $735,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Savant Capital LLC bought a new position in Atlantic Union Bankshares in the 3rd quarter valued at about $223,000. Envestnet Asset Management Inc. boosted its position in shares of Atlantic Union Bankshares by 10.9% during the 3rd quarter. Envestnet Asset Management Inc. now owns 659,791 shares of the company’s stock worth $23,284,000 after acquiring an additional 64,806 shares in the last quarter. Hantz Financial Services Inc. increased its stake in Atlantic Union Bankshares by 6.3% in the third quarter. Hantz Financial Services Inc. now owns 60,252 shares of the company’s stock valued at $2,126,000 after acquiring an additional 3,563 shares during the last quarter. Westside Investment Management Inc. raised its position in Atlantic Union Bankshares by 100.0% during the third quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after purchasing an additional 390 shares in the last quarter. Finally, Atlantic Union Bankshares Corp raised its position in Atlantic Union Bankshares by 16.6% during the third quarter. Atlantic Union Bankshares Corp now owns 836,231 shares of the company’s stock valued at $29,511,000 after purchasing an additional 119,169 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on AUB. TD Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Stephens upped their price objective on Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a research report on Monday, January 26th. Piper Sandler lifted their target price on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a research report on Thursday. Raymond James Financial set a $45.00 target price on Atlantic Union Bankshares in a research note on Thursday, December 11th. Finally, Zacks Research raised shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a report on Thursday. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $42.55.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $41.77 on Friday. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a market cap of $5.95 billion, a PE ratio of 18.24 and a beta of 0.83. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $42.18. The business has a 50-day simple moving average of $37.21 and a two-hundred day simple moving average of $35.11.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. During the same period last year, the firm posted $0.67 earnings per share. Analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be issued 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 of this dividend is Friday, February 13th. Atlantic Union Bankshares’s payout ratio is presently 72.55%.

Atlantic Union Bankshares Profile

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.