Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Park Avenue Securities LLC

Park Avenue Securities LLC raised its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 62.2% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,559 shares of the company’s stock after acquiring an additional 4,433 shares during the period. Park Avenue Securities LLC’s holdings in Atlantic Union Bankshares were worth $438,000 at the end of the most recent quarter.

Several other large investors have also made changes to their positions in AUB. Oliver Luxxe Assets LLC grew its holdings in Atlantic Union Bankshares by 4.1% in the fourth quarter. Oliver Luxxe Assets LLC now owns 69,138 shares of the company’s stock valued at $2,619,000 after purchasing an additional 2,731 shares during the period. Central Pacific Bank Trust Division grew its stake in Atlantic Union Bankshares by 17.6% in the 4th quarter. Central Pacific Bank Trust Division now owns 4,800 shares of the company’s stock valued at $182,000 after acquiring an additional 720 shares during the period. GAMMA Investing LLC increased its holdings in Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock worth $50,000 after acquiring an additional 284 shares in the last quarter. Franklin Resources Inc. raised its position in Atlantic Union Bankshares by 20.0% during 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 period. Finally, Wilmington Savings Fund Society FSB purchased a new position in Atlantic Union Bankshares during the third quarter valued at $121,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms recently issued reports on AUB. Keefe, Bruyette & Woods lifted their price objective on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a “market perform” rating in a report on Friday, November 22nd. Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an “overweight” rating and a $51.00 target price on the stock. Finally, Raymond James dropped their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research report on Wednesday, October 2nd. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, Atlantic Union Bankshares has an average rating of “Moderate Buy” and an average target price of $44.60.

Atlantic Union Bankshares Stock Down 3.4 %

Shares of NASDAQ AUB opened at $36.60 on Friday. The stock has a market cap of $3.29 billion, a P/E ratio of 15.19 and a beta of 0.93. The business’s fifty day simple moving average is $39.55 and its 200-day simple moving average is $38.65. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares (NASDAQ:AUB) last posted 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. The company had revenue of $358.81 million during the quarter, compared to analysts’ expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter in the previous year, the business posted $0.80 EPS. As a group, equities analysts predict that Atlantic Union Bankshares Co. will post 2.9 EPS for the current fiscal year.

Atlantic Union Bankshares Company Profile

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.