SG Americas Securities LLC Boosts Stock Holdings in Atlantic Union Bankshares Co. $AUB

SG Americas Securities LLC raised its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 6,808.0% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,532,473 shares of the company’s stock after acquiring an additional 1,510,289 shares during the quarter. SG Americas Securities LLC owned approximately 1.08% of Atlantic Union Bankshares worth $54,096,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. State Street Corp raised its stake in Atlantic Union Bankshares by 24.5% during the second quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after purchasing an additional 1,457,647 shares during the period. North Reef Capital Management LP grew its stake in shares of Atlantic Union Bankshares by 35.0% in the 3rd quarter. North Reef Capital Management LP now owns 3,713,604 shares of the company’s stock valued at $131,053,000 after buying an additional 963,604 shares during the period. American Century Companies Inc. increased its holdings in shares of Atlantic Union Bankshares by 7.8% during the 3rd quarter. American Century Companies Inc. now owns 2,393,318 shares of the company’s stock worth $84,460,000 after buying an additional 174,122 shares during the last quarter. Westwood Holdings Group Inc. raised its position in shares of Atlantic Union Bankshares by 10.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,376,734 shares of the company’s stock valued at $74,344,000 after buying an additional 224,267 shares during the period. Finally, Goldman Sachs Group Inc. raised its position in shares of Atlantic Union Bankshares by 36.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock valued at $66,548,000 after buying an additional 565,564 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

AUB has been the subject of several analyst reports. TD Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Morgan Stanley lifted their target price on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Piper Sandler upped their price target on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a research note on Thursday, February 5th. Raymond James Financial set a $45.00 price target on Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, Stephens boosted their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a report on Monday, January 26th. One research analyst has rated the stock with a Strong Buy rating, five have given a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and a consensus price target of $43.17.

Atlantic Union Bankshares Stock Up 0.8%

Atlantic Union Bankshares stock opened at $34.95 on Wednesday. The company has a market capitalization of $4.98 billion, a PE ratio of 15.26 and a beta of 0.82. 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 fifty-two week low of $22.85 and a fifty-two week high of $42.18. The firm has a 50 day moving average price of $38.11 and a 200 day moving average price of $35.98.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, topping 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 company had revenue of $391.33 million for the quarter, compared to analysts’ expectations of $378.95 million. During the same period in the prior year, the firm earned $0.67 earnings per share. Research analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, February 13th. This represents a $1.48 annualized dividend and a yield of 4.2%. Atlantic Union Bankshares’s dividend 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.