Westwood Holdings Group Inc. Purchases 30,586 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Westwood Holdings Group Inc. boosted its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.2% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,658,342 shares of the company’s stock after purchasing an additional 30,586 shares during the period. Westwood Holdings Group Inc. owned approximately 2.96% of Atlantic Union Bankshares worth $87,327,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently modified their holdings of the company. Mather Group LLC. purchased a new stake in shares of Atlantic Union Bankshares during the first quarter valued at about $27,000. Family Firm Inc. acquired a new position in Atlantic Union Bankshares in the 2nd quarter worth approximately $85,000. TFO Wealth Partners LLC increased its stake in shares of Atlantic Union Bankshares by 386,100.0% in the fourth quarter. TFO Wealth Partners LLC now owns 3,862 shares of the company’s stock worth $141,000 after acquiring an additional 3,861 shares during the period. Central Pacific Bank Trust Division acquired a new stake in Atlantic Union Bankshares during the 1st quarter worth about $179,000. Finally, EMC Capital Management purchased a new stake in shares of Atlantic Union Bankshares in the first quarter worth about $199,000. Institutional investors own 78.58% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on AUB. Keefe, Bruyette & Woods raised their price target on shares of Atlantic Union Bankshares from $35.00 to $38.00 and gave the company a “market perform” rating in a research report on Monday, July 29th. Hovde Group cut their price target on Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating for the company in a research note on Friday, September 13th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $40.00.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $38.59 on Friday. The company has a market cap of $3.46 billion, a P/E ratio of 14.19 and a beta of 0.89. Atlantic Union Bankshares Co. has a 1-year low of $26.91 and a 1-year high of $42.50. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.90 and a quick ratio of 0.90. The stock has a 50-day moving average of $38.35 and a two-hundred day moving average of $34.87.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing the consensus estimate of $0.68 by ($0.05). Atlantic Union Bankshares had a return on equity of 8.95% and a net margin of 15.53%. The company had revenue of $212.20 million for the quarter, compared to analyst estimates of $216.03 million. During the same period in the previous year, the firm earned $0.74 earnings per share. The company’s revenue for the quarter was up 17.9% compared to the same quarter last year. As a group, analysts anticipate that Atlantic Union Bankshares Co. will post 3.04 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a dividend of $0.32 per share. This represents a $1.28 dividend on an annualized basis and a yield of 3.32%. The ex-dividend date of this dividend was Friday, August 9th. Atlantic Union Bankshares’s dividend payout ratio is currently 47.06%.

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.