210,000 Shares in Atlantic Union Bankshares Co. $AUB Acquired by BW Gestao de Investimentos Ltda.

BW Gestao de Investimentos Ltda. bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, Holdings Channel.com reports. The fund bought 210,000 shares of the company’s stock, valued at approximately $7,413,000.

A number of other large investors have also recently made changes to their positions in the company. State Street Corp increased its stake in Atlantic Union Bankshares by 24.5% in 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 last quarter. North Reef Capital Management LP increased its stake in Atlantic Union Bankshares by 35.0% in the third quarter. North Reef Capital Management LP now owns 3,713,604 shares of the company’s stock valued at $131,053,000 after purchasing an additional 963,604 shares during the last quarter. American Century Companies Inc. increased its stake in Atlantic Union Bankshares by 7.8% in the third quarter. American Century Companies Inc. now owns 2,393,318 shares of the company’s stock valued at $84,460,000 after purchasing an additional 174,122 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Atlantic Union Bankshares by 36.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock valued at $66,548,000 after purchasing an additional 565,564 shares during the last quarter. Finally, Congress Asset Management Co. increased its stake in Atlantic Union Bankshares by 4.7% in the fourth quarter. Congress Asset Management Co. now owns 1,964,949 shares of the company’s stock valued at $69,363,000 after purchasing an additional 87,761 shares during the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have commented on AUB shares. TD Cowen increased their price target on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Tuesday, May 12th. Piper Sandler dropped their price target on shares of Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating on the stock in a research note on Wednesday, April 22nd. Zacks Research lowered shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Finally, Morgan Stanley increased their price target on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research note on Monday, March 2nd. Four equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $43.63.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ AUB opened at $36.86 on Tuesday. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a fifty day moving average price of $37.08 and a 200 day moving average price of $36.87. Atlantic Union Bankshares Co. has a 1-year low of $29.35 and a 1-year high of $42.18. The company has a market cap of $5.28 billion, a PE ratio of 16.10 and a beta of 0.80.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The company had revenue of $371.71 million for the quarter, compared to analyst estimates of $391.24 million. During the same period in the prior year, the business earned $0.90 earnings per share. Sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 5th. Investors of record on Friday, May 22nd will be issued a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, May 22nd. This represents a $1.48 annualized dividend and a dividend yield of 4.0%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 62.71%.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Nancy H. Agee acquired 650 shares of the business’s stock in a transaction on Monday, April 20th. The stock was purchased at an average price of $39.05 per share, for a total transaction of $25,382.50. Following the completion of the transaction, the director owned 37,797 shares of the company’s stock, valued at $1,475,972.85. The trade was a 1.75% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.96% of the company’s stock.

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.