First National Bank of Omaha Purchases New Position in Atlantic Union Bankshares Co. $AUB

First National Bank of Omaha acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor acquired 79,442 shares of the company’s stock, valued at approximately $2,804,000. First National Bank of Omaha owned approximately 0.06% of Atlantic Union Bankshares as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of AUB. Congress Asset Management Co. grew its position in shares of Atlantic Union Bankshares by 1,022.6% during the 3rd quarter. Congress Asset Management Co. now owns 1,877,188 shares of the company’s stock worth $66,246,000 after buying an additional 1,709,975 shares in the last quarter. Franklin Resources Inc. lifted its stake in Atlantic Union Bankshares by 96.8% in the second quarter. Franklin Resources Inc. now owns 3,313,002 shares of the company’s stock worth $103,631,000 after acquiring an additional 1,629,591 shares during the period. State Street Corp grew its holdings in Atlantic Union Bankshares by 24.5% during the 2nd quarter. State Street Corp now owns 7,400,456 shares of the company’s stock worth $231,486,000 after acquiring an additional 1,457,647 shares in the last quarter. Thrivent Financial for Lutherans increased its position in Atlantic Union Bankshares by 1,128.0% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,398,654 shares of the company’s stock valued at $49,358,000 after purchasing an additional 1,284,759 shares during the period. Finally, Geode Capital Management LLC raised its holdings in shares of Atlantic Union Bankshares by 59.2% in the 2nd quarter. Geode Capital Management LLC now owns 3,375,225 shares of the company’s stock valued at $105,589,000 after purchasing an additional 1,255,064 shares in the last quarter. 78.58% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

AUB has been the topic of a number of recent research reports. Stephens increased their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Raymond James Financial set a $45.00 target price on Atlantic Union Bankshares in a report on Thursday, December 11th. Piper Sandler lifted their price target on Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a report on Thursday, February 5th. Morgan Stanley boosted their price target on Atlantic Union Bankshares from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 11th. Finally, Zacks Research upgraded Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $42.55.

Atlantic Union Bankshares Stock Performance

Shares of AUB stock opened at $39.91 on Thursday. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $42.18. The business’s fifty day simple moving average is $38.16 and its 200-day simple moving average is $35.57. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $5.69 billion, a PE ratio of 17.43 and a beta of 0.83.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.11. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The firm had revenue of $391.33 million for the quarter, compared to the consensus estimate of $378.95 million. During the same period in the previous year, the business earned $0.67 EPS. Analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Stockholders of record on Friday, February 13th will be issued a dividend of $0.37 per share. The ex-dividend date is Friday, February 13th. This represents a $1.48 annualized dividend and a dividend yield of 3.7%. Atlantic Union Bankshares’s dividend payout ratio is 72.55%.

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.