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

Fort Washington Investment Advisors Inc. OH increased its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 19.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 523,891 shares of the company’s stock after purchasing an additional 84,290 shares during the period. Fort Washington Investment Advisors Inc. OH owned 0.58% of Atlantic Union Bankshares worth $19,845,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Franklin Resources Inc. raised its holdings in shares of Atlantic Union Bankshares by 20.0% in the third quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company’s stock worth $62,607,000 after acquiring an additional 270,470 shares during the last quarter. State Street Corp raised its stake in Atlantic Union Bankshares by 3.0% in the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company’s stock valued at $169,214,000 after purchasing an additional 130,104 shares during the last quarter. Renaissance Technologies LLC purchased a new position in Atlantic Union Bankshares in the 2nd quarter valued at about $4,096,000. Systematic Financial Management LP boosted its stake in shares of Atlantic Union Bankshares by 51.1% during the 2nd quarter. Systematic Financial Management LP now owns 346,292 shares of the company’s stock worth $11,376,000 after purchasing an additional 117,186 shares during the last quarter. Finally, Barclays PLC grew its holdings in shares of Atlantic Union Bankshares by 132.3% during the third quarter. Barclays PLC now owns 186,876 shares of the company’s stock worth $7,039,000 after buying an additional 106,415 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analysts Set New Price Targets

AUB has been the topic of a number of analyst reports. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 target price on the stock. Keefe, Bruyette & Woods lifted their price objective on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. Finally, Raymond James dropped 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 research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $44.60.

Atlantic Union Bankshares Trading 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 company has a market cap of $3.40 billion, a price-to-earnings ratio of 15.72 and a beta of 0.93. The business has a fifty day simple moving average of $39.67 and a 200-day simple moving average of $38.66. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analyst estimates of $226.70 million. During the same period in the prior year, the firm posted $0.80 earnings per share. On average, equities research analysts expect that Atlantic Union Bankshares Co. will post 2.9 EPS for the current year.

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.