Fort Washington Investment Advisors Inc. OH Sells 118,009 Shares of Atlantic Union Bankshares Co. $AUB

by · The Markets Daily

Fort Washington Investment Advisors Inc. OH trimmed its position in shares of Atlantic Union Bankshares Co. (NYSE:AUB – Free Report) by 14.8% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 680,322 shares of the company’s stock after selling 118,009 shares during the quarter. Fort Washington Investment Advisors Inc. OH’s holdings in Atlantic Union Bankshares were worth $25,818,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Nykredit A S bought a new position in shares of Atlantic Union Bankshares in the second quarter valued at approximately $51,000. EverSource Wealth Advisors LLC boosted its holdings in shares of Atlantic Union Bankshares by 25.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock worth $55,000 after acquiring an additional 318 shares in the last quarter. Farther Finance Advisors LLC grew its position in Atlantic Union Bankshares by 24.2% during the 3rd quarter. Farther Finance Advisors LLC now owns 1,881 shares of the company’s stock worth $71,000 after acquiring an additional 366 shares during the last quarter. CoreCap Advisors LLC grew its position in Atlantic Union Bankshares by 15.9% during the 3rd quarter. CoreCap Advisors LLC now owns 2,660 shares of the company’s stock worth $101,000 after acquiring an additional 365 shares during the last quarter. Finally, Cassaday & Co Wealth Management LLC bought a new stake in Atlantic Union Bankshares during the 1st quarter worth approximately $104,000. Institutional investors and hedge funds own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on AUB shares. Morgan Stanley raised their price target on Atlantic Union Bankshares from $49.00 to $50.00 and gave the company an “equal weight” rating in a report on Monday, September 28th. Piper Sandler reissued an “overweight” rating and issued a $47.00 price objective on shares of Atlantic Union Bankshares in a research note on Wednesday, July 22nd. TD Cowen decreased their target price on Atlantic Union Bankshares from $48.00 to $44.00 and set a “buy” rating on the stock in a report on Monday, October 5th. Finally, Weiss Ratings upgraded Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a report on Thursday, October 8th. Four analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average price target of $46.40.

Get Our Latest Analysis on Atlantic Union Bankshares

Atlantic Union Bankshares Stock Up 2.0%

NYSE:AUB opened at $38.22 on Friday. The stock’s fifty day moving average price is $39.81 and its two-hundred day moving average price is $39.49. Atlantic Union Bankshares Co. has a 52-week low of $30.87 and a 52-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. The company has a market cap of $5.46 billion, a price-to-earnings ratio of 11.41 and a beta of 0.80.

Atlantic Union Bankshares (NYSE:AUB – Get Free Report) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. The firm had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. Atlantic Union Bankshares had a return on equity of 10.55% and a net margin of 21.97%. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. During the same period last year, the company earned $0.95 EPS. On average, analysts anticipate that Atlantic Union Bankshares Co. will post 3.76 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, August 21st. Stockholders 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 dividend yield of 3.9%. Atlantic Union Bankshares’s payout ratio is presently 44.18%.

About Atlantic Union Bankshares

(Free Report)

Atlantic Union Bankshares Corporation (NYSE:AUB) is a financial services holding company headquartered in Richmond, Virginia. Its principal subsidiary, Atlantic Union Bank, provides banking and related financial services to individuals, families, businesses and institutions.

The bank offers deposit accounts, residential and commercial lending, mortgages, credit cards, cash management, treasury services and online and mobile banking. Through its wealth management and investment services, it also provides financial planning, trust, brokerage and portfolio management solutions.

Atlantic Union Bank serves customers through a network of branches and digital channels across Virginia, Maryland and North Carolina, with a focus on the Mid-Atlantic region.

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