Public Sector Pension Investment Board Has $19.62 Million Stock Holdings in Atlantic Union Bankshares Co. $AUB

Public Sector Pension Investment Board increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 14.4% in the third quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 555,896 shares of the company’s stock after purchasing an additional 70,159 shares during the quarter. Public Sector Pension Investment Board owned 0.39% of Atlantic Union Bankshares worth $19,618,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of AUB. State Street Corp increased its position in shares of Atlantic Union Bankshares by 24.5% during the second 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. Geode Capital Management LLC boosted its stake in 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 worth $105,589,000 after purchasing an additional 1,255,064 shares during the period. Franklin Resources Inc. boosted its stake in Atlantic Union Bankshares by 96.8% in the 2nd quarter. Franklin Resources Inc. now owns 3,313,002 shares of the company’s stock worth $103,631,000 after purchasing an additional 1,629,591 shares during the period. Westwood Holdings Group Inc. increased its holdings in Atlantic Union Bankshares by 10.4% during the 2nd quarter. Westwood Holdings Group Inc. now owns 2,376,734 shares of the company’s stock worth $74,344,000 after purchasing an additional 224,267 shares in the last quarter. Finally, American Century Companies Inc. raised its stake in shares of Atlantic Union Bankshares by 76.1% in the 2nd quarter. American Century Companies Inc. now owns 2,219,196 shares of the company’s stock valued at $69,416,000 after purchasing an additional 959,332 shares during the period. Institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the company. Piper Sandler upped their price objective on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a research report on Thursday, February 5th. Raymond James Financial set a $45.00 target price on Atlantic Union Bankshares in a research note on Thursday, December 11th. Morgan Stanley upped 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. TD Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, Zacks Research raised shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research report on Thursday, February 5th. One research analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $42.55.

Atlantic Union Bankshares Price Performance

Shares of AUB opened at $40.19 on Friday. 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’s fifty day simple moving average is $37.84 and its 200 day simple moving average is $35.37. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $42.18. The company has a market cap of $5.73 billion, a price-to-earnings ratio of 17.55 and a beta of 0.83.

Atlantic Union Bankshares (NASDAQ:AUB) last announced its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.11. The company had revenue of $391.33 million during the quarter, compared to the consensus estimate of $378.95 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. During the same quarter last year, the firm posted $0.67 EPS. On average, research analysts forecast that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

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

Atlantic Union Bankshares Profile

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.