William Blair Investment Management LLC Has $39.23 Million Holdings in Atlantic Union Bankshares Co. $AUB

William Blair Investment Management LLC grew its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 8.8% during the fourth quarter, Holdings Channel.com reports. The firm owned 1,111,244 shares of the company’s stock after acquiring an additional 89,794 shares during the quarter. William Blair Investment Management LLC’s holdings in Atlantic Union Bankshares were worth $39,227,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently made changes to their positions in AUB. AQR Capital Management LLC raised its holdings 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 purchasing an additional 36,196 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings in Atlantic Union Bankshares by 4.6% during the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company’s stock worth $1,658,000 after buying an additional 2,322 shares during the last quarter. Goldman Sachs Group Inc. increased its holdings 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 buying an additional 565,564 shares during the last quarter. Empowered Funds LLC acquired a new position in Atlantic Union Bankshares during the first quarter worth $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its holdings in Atlantic Union Bankshares by 9.7% during 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 worth $7,766,000 after buying an additional 22,078 shares during the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on AUB. Zacks Research downgraded shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a report on Tuesday, March 31st. Piper Sandler lowered their target price on shares of Atlantic Union Bankshares from $47.50 to $45.00 and set an “overweight” rating on the stock in a report on Wednesday, April 22nd. TD Cowen boosted their target price on shares of Atlantic Union Bankshares from $44.00 to $45.00 and gave the stock a “buy” rating in a report on Tuesday, May 12th. Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the stock an “equal weight” rating in a report on Monday, March 2nd. Finally, Stephens boosted their target price on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an “overweight” rating in a report on Monday, January 26th. Four analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $43.63.

Insider Activity

In other Atlantic Union Bankshares news, Director Nancy H. Agee bought 650 shares of Atlantic Union Bankshares stock in a transaction dated Monday, April 20th. The stock was bought at an average price of $39.05 per share, with a total value of $25,382.50. Following the completion of the transaction, the director owned 37,797 shares in the company, valued at $1,475,972.85. The trade was a 1.75% increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 0.96% of the company’s stock.

Atlantic Union Bankshares Price Performance

NASDAQ:AUB opened at $37.55 on Monday. Atlantic Union Bankshares Co. has a one year low of $28.11 and a one year high of $42.18. The company has a market cap of $5.37 billion, a P/E ratio of 16.40 and a beta of 0.80. The firm’s fifty day moving average price is $36.67 and its two-hundred day moving average price is $36.65. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings data on Tuesday, April 21st. The company reported $0.89 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.03). Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $371.71 million during the quarter, compared to analyst estimates of $391.24 million. During the same quarter in the prior year, the firm earned $0.90 earnings per share. Equities analysts expect that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current year.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 5th. Shareholders of record on Friday, May 22nd will be issued a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.9%. The ex-dividend date is Friday, May 22nd. Atlantic Union Bankshares’s payout ratio is currently 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.