Wills Financial Group LLC Boosts Holdings in Atlantic Union Bankshares Co. $AUB

Wills Financial Group LLC boosted its holdings in Atlantic Union Bankshares Co. (NYSE:AUB) by 22.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 79,169 shares of the company’s stock after acquiring an additional 14,529 shares during the quarter. Atlantic Union Bankshares accounts for approximately 1.2% of Wills Financial Group LLC’s holdings, making the stock its 29th largest position. Wills Financial Group LLC owned approximately 0.06% of Atlantic Union Bankshares worth $2,888,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. IFP Advisors Inc increased its position in shares of Atlantic Union Bankshares by 362.5% in the 4th quarter. IFP Advisors Inc now owns 740 shares of the company’s stock valued at $26,000 after acquiring an additional 580 shares during the period. Commonwealth Retirement Investments LLC purchased a new stake in Atlantic Union Bankshares during the fourth quarter worth $39,000. EverSource Wealth Advisors LLC grew its position in shares of Atlantic Union Bankshares by 504.7% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock valued at $48,000 after acquiring an additional 1,287 shares during the period. Farther Finance Advisors LLC grew its holdings in Atlantic Union Bankshares by 138.9% in the fourth quarter. Farther Finance Advisors LLC now owns 2,064 shares of the company’s stock valued at $73,000 after purchasing an additional 1,200 shares during the period. Finally, Johnson Financial Group Inc. purchased a new stake in Atlantic Union Bankshares in the 3rd quarter worth $77,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms recently commented on AUB. Weiss Ratings started coverage on Atlantic Union Bankshares in a research note on Monday, July 6th. They issued a “buy (b-)” rating for the company. Stephens reaffirmed an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a research note on Thursday, June 11th. Piper Sandler reissued an “overweight” rating and issued a $47.00 target price on shares of Atlantic Union Bankshares in a research report on Wednesday. Morgan Stanley raised their price objective on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the company an “equal weight” rating in a research note on Monday, June 29th. Finally, TD Cowen boosted their target price on Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a research note on Wednesday. Five equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus price target of $44.12.

Atlantic Union Bankshares Stock Down 0.6%

AUB opened at $42.09 on Friday. Atlantic Union Bankshares Co. has a 52 week low of $30.39 and a 52 week high of $43.62. The firm has a market cap of $6.02 billion, a P/E ratio of 12.56 and a beta of 0.79. The business’s fifty day simple moving average is $39.90 and its 200 day simple moving average is $38.45. The company has a quick ratio of 0.92, a current ratio of 0.93 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares (NYSE:AUB) last announced 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. The business had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The company’s revenue was up 3.1% on a year-over-year basis. During the same period in the prior year, the firm posted $0.95 EPS. As a group, equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.75 EPS for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, May 22nd. This represents a $1.48 annualized dividend and a dividend yield of 3.5%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 62.71%.

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.