Susquehanna Fundamental Investments LLC Boosts Position in Atlantic Union Bankshares Co. $AUB

Susquehanna Fundamental Investments LLC raised its holdings in shares of Atlantic Union Bankshares Co. (NYSE:AUB) by 286.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 149,189 shares of the company’s stock after acquiring an additional 110,560 shares during the period. Susquehanna Fundamental Investments LLC’s holdings in Atlantic Union Bankshares were worth $6,312,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Dimensional Fund Advisors LP increased its stake in shares of Atlantic Union Bankshares by 1.4% in the first quarter. Dimensional Fund Advisors LP now owns 7,635,464 shares of the company’s stock worth $272,883,000 after acquiring an additional 102,821 shares during the period. State Street Corp lifted its position 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 valued at $231,486,000 after purchasing an additional 1,457,647 shares during the period. North Reef Capital Management LP boosted its holdings in Atlantic Union Bankshares by 23.1% in the fourth quarter. North Reef Capital Management LP now owns 4,572,090 shares of the company’s stock valued at $161,395,000 after purchasing an additional 858,486 shares during the last quarter. T. Rowe Price Investment Management Inc. purchased a new stake in Atlantic Union Bankshares in the fourth quarter valued at $87,022,000. Finally, Goldman Sachs Group Inc. grew its position in 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 worth $66,548,000 after purchasing an additional 565,564 shares during the period. 78.58% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on AUB shares. TD Cowen lifted their price objective on Atlantic Union Bankshares from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Morgan Stanley upped their target price on Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a research note on Monday, June 29th. Piper Sandler reaffirmed an “overweight” rating and set a $47.00 target price on shares of Atlantic Union Bankshares in a report on Wednesday, July 22nd. Weiss Ratings upgraded Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. Finally, Stephens reissued an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Five equities research analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of “Moderate Buy” and a consensus target price of $45.57.

Atlantic Union Bankshares Stock Down 0.8%

AUB opened at $40.32 on Tuesday. The company has a fifty day moving average of $41.97 and a two-hundred day moving average of $39.04. The stock has a market capitalization of $5.76 billion, a price-to-earnings ratio of 12.04 and a beta of 0.79. Atlantic Union Bankshares Co. has a fifty-two week low of $30.87 and a fifty-two week high of $43.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

Atlantic Union Bankshares (NYSE:AUB) last posted its earnings results on Tuesday, July 21st. The company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.92 by $0.02. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. During the same period in the prior year, the company posted $0.95 EPS. The company’s revenue for the quarter was up 3.1% on a year-over-year basis. On average, research analysts expect that Atlantic Union Bankshares Co. will post 3.76 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a dividend of $0.37 per share. The ex-dividend date was Friday, August 7th. This represents a $1.48 dividend on an annualized basis and a yield of 3.7%. Atlantic Union Bankshares’s dividend payout ratio is currently 44.18%.

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.