Oliver Luxxe Assets LLC Grows Holdings in Atlantic Union Bankshares Co. $AUB

Oliver Luxxe Assets LLC increased its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 38.6% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 64,414 shares of the company’s stock after purchasing an additional 17,932 shares during the period. Oliver Luxxe Assets LLC’s holdings in Atlantic Union Bankshares were worth $2,274,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the company. AQR Capital Management LLC grew its stake in shares of Atlantic Union Bankshares by 634.3% in the first quarter. AQR Capital Management LLC now owns 41,902 shares of the company’s stock valued at $1,305,000 after buying an additional 36,196 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Atlantic Union Bankshares by 4.6% in the 1st quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company’s stock valued at $1,658,000 after acquiring an additional 2,322 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Atlantic Union Bankshares by 36.0% during the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock worth $66,548,000 after purchasing an additional 565,564 shares during the period. Empowered Funds LLC acquired a new stake in shares of Atlantic Union Bankshares during the first quarter worth about $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC boosted its stake in shares of Atlantic Union Bankshares by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company’s stock valued at $7,766,000 after purchasing an additional 22,078 shares during the period. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 0.2%

NASDAQ:AUB opened at $34.22 on Friday. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $42.18. The stock has a market cap of $4.88 billion, a P/E ratio of 14.94 and a beta of 0.82. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a 50-day simple moving average of $38.18 and a 200-day simple moving average of $35.99.

Atlantic Union Bankshares (NASDAQ:AUB) last posted 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. The firm had revenue of $391.33 million during the quarter, compared to analysts’ expectations of $378.95 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.During the same quarter in the previous year, the business earned $0.67 earnings per share. As a group, analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were paid a dividend of $0.37 per share. This represents a $1.48 annualized dividend and a yield of 4.3%. The ex-dividend date was Friday, February 13th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is currently 72.55%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AUB shares. TD Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Stephens increased their price objective on Atlantic Union Bankshares from $43.00 to $45.00 and gave the company an “overweight” rating in a research note on Monday, January 26th. Zacks Research raised Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday, February 5th. Raymond James Financial set a $45.00 price target on Atlantic Union Bankshares in a research report on Thursday, December 11th. Finally, Piper Sandler upped their target price on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a research note on Thursday, February 5th. One equities research analyst has rated the stock with a Strong Buy rating, five have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $43.17.

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.