Segall Bryant & Hamill LLC Acquires Shares of 13,325 Atlantic Union Bankshares Co. $AUB

Segall Bryant & Hamill LLC acquired a new stake in Atlantic Union Bankshares Co. (NYSE:AUB) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 13,325 shares of the company’s stock, valued at approximately $476,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Arete Wealth Advisors LLC acquired a new position in shares of Atlantic Union Bankshares during the 1st quarter worth approximately $493,000. Bank of America Corp DE lifted its holdings in Atlantic Union Bankshares by 53.4% during the 1st quarter. Bank of America Corp DE now owns 886,978 shares of the company’s stock valued at $31,701,000 after purchasing an additional 308,934 shares during the last quarter. Amundi boosted its position in Atlantic Union Bankshares by 50.8% during the first quarter. Amundi now owns 32,469 shares of the company’s stock worth $1,160,000 after purchasing an additional 10,936 shares during the period. EverSource Wealth Advisors LLC boosted its position in Atlantic Union Bankshares by 25.9% during the first quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock worth $55,000 after purchasing an additional 318 shares during the period. Finally, California State Teachers Retirement System increased its holdings in shares of Atlantic Union Bankshares by 21.0% in the first quarter. California State Teachers Retirement System now owns 164,102 shares of the company’s stock valued at $5,865,000 after purchasing an additional 28,505 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

AUB has been the topic of several research analyst reports. Weiss Ratings initiated coverage on shares of Atlantic Union Bankshares in a research report on Monday, July 6th. They issued a “buy (b-)” rating on the stock. TD Cowen upped their price target on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Piper Sandler reissued an “overweight” rating and issued a $47.00 price target on shares of Atlantic Union Bankshares in a report on Wednesday, July 22nd. Stephens restated an “overweight” rating and set a $46.00 price objective on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Finally, Morgan Stanley upped their target price on Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a research report on Monday, June 29th. Five analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat.com, Atlantic Union Bankshares currently has an average rating of “Moderate Buy” and an average target price of $45.57.

Atlantic Union Bankshares Trading Down 1.4%

AUB stock opened at $42.44 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $30.87 and a 52 week high of $43.62. The company has a market capitalization of $6.07 billion, a PE ratio of 12.67 and a beta of 0.79. The company’s 50-day simple moving average is $40.95 and its 200 day simple moving average is $38.84. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.93 and a current ratio of 0.93.

Atlantic Union Bankshares (NYSE:AUB) last issued its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 earnings per share for the quarter, topping the consensus estimate of $0.92 by $0.02. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The business had revenue of $387.57 million during the quarter, compared to analysts’ expectations of $389.06 million. During the same quarter in the previous year, the company earned $0.95 EPS. The business’s revenue was up 3.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 3.76 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, August 21st. Investors of record on Friday, August 7th will be given a dividend of $0.37 per share. The ex-dividend date of this dividend is Friday, August 7th. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. Atlantic Union Bankshares’s dividend payout ratio is currently 44.18%.

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.