SBI Securities Co. Ltd. Has $735,000 Position in Atlantic Union Bankshares Co. $AUB

SBI Securities Co. Ltd. increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1,040,800.0% in the 3rd quarter, HoldingsChannel reports. The firm owned 20,818 shares of the company’s stock after acquiring an additional 20,816 shares during the period. SBI Securities Co. Ltd.’s holdings in Atlantic Union Bankshares were worth $735,000 at the end of the most recent quarter.

A number of other hedge funds have also added to or reduced their stakes in AUB. Tritonpoint Wealth LLC boosted its stake in Atlantic Union Bankshares by 1.8% during the third quarter. Tritonpoint Wealth LLC now owns 17,522 shares of the company’s stock worth $618,000 after acquiring an additional 317 shares in the last quarter. Walleye Capital LLC raised its holdings in shares of Atlantic Union Bankshares by 1.5% during the second quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock valued at $688,000 after purchasing an additional 322 shares during the period. Benson Investment Management Company Inc. boosted its position in shares of Atlantic Union Bankshares by 0.3% during the 3rd quarter. Benson Investment Management Company Inc. now owns 107,665 shares of the company’s stock worth $3,799,000 after purchasing an additional 355 shares in the last quarter. Accordant Advisory Group Inc grew its stake in shares of Atlantic Union Bankshares by 1.0% in the 3rd quarter. Accordant Advisory Group Inc now owns 36,245 shares of the company’s stock valued at $1,279,000 after buying an additional 364 shares during the period. Finally, Westside Investment Management Inc. grew its stake in shares of Atlantic Union Bankshares by 100.0% in the 3rd quarter. Westside Investment Management Inc. now owns 780 shares of the company’s stock valued at $27,000 after buying an additional 390 shares during the period. 78.58% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several research analysts have issued reports on the company. TD Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Raymond James Financial set a $45.00 target price on Atlantic Union Bankshares in a research report on Thursday, December 11th. Stephens increased their target price on Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Morgan Stanley lifted their price target on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a research report on Thursday, December 11th. Finally, Zacks Research upgraded shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a report on Thursday. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $42.55.

Atlantic Union Bankshares Trading Up 1.2%

NASDAQ AUB opened at $41.77 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 business has a fifty day simple moving average of $37.21 and a 200 day simple moving average of $35.11. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $42.18. The firm has a market capitalization of $5.95 billion, a P/E ratio of 18.24 and a beta of 0.83.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.86 by $0.11. The firm had revenue of $391.33 million during the quarter, compared to analyst estimates 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 in the prior year, the business posted $0.67 EPS. On average, analysts predict that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, February 27th. Shareholders of record on Friday, February 13th will be given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 3.5%. The ex-dividend date of this dividend is Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio is presently 72.55%.

Atlantic Union Bankshares Company 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.