Dimensional Fund Advisors LP Has $272.88 Million Holdings in Atlantic Union Bankshares Co. $AUB

Dimensional Fund Advisors LP grew its position in Atlantic Union Bankshares Co. (NYSE:AUB) by 1.4% in the first quarter, Holdings Channel reports. The fund owned 7,635,464 shares of the company’s stock after acquiring an additional 102,821 shares during the quarter. Dimensional Fund Advisors LP owned 0.05% of Atlantic Union Bankshares worth $272,883,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. AQR Capital Management LLC boosted its holdings in shares of Atlantic Union Bankshares by 634.3% during the 1st quarter. AQR Capital Management LLC now owns 41,902 shares of the company’s stock valued at $1,305,000 after acquiring an additional 36,196 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its holdings 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 worth $1,658,000 after purchasing an additional 2,322 shares in the last quarter. Goldman Sachs Group Inc. increased its holdings in Atlantic Union Bankshares by 36.0% in the 1st 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 in the last quarter. Empowered Funds LLC bought a new position in Atlantic Union Bankshares in the first quarter valued at 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% 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 valued at $7,766,000 after purchasing an additional 22,078 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company’s stock.

Key Atlantic Union Bankshares News

Here are the key news stories impacting Atlantic Union Bankshares this week:

• Positive Sentiment: Atlantic Union Bankshares beat Q2 expectations, reporting $0.94 EPS versus the $0.92 consensus estimate, while revenue rose 3.1% year over year. Atlantic Union Bankshares tops second-quarter forecasts as revenue and profit increase (AUB)
• Positive Sentiment: The company posted solid operating trends, including 6% sequential revenue growth, a 3.89% net interest margin, and very low net charge-offs of 0.03% of loans, which supports confidence in credit quality and earnings durability. Atlantic Union Bankshares: A Quality Hold
• Neutral Sentiment: Loan and deposit balances continued to expand, with loans at $28.67 billion and deposits at $30.47 billion, showing steady balance-sheet growth rather than a major surprise. Atlantic Union Bankshares: A Quality Hold
• Neutral Sentiment: One market note said the stock may be as much as 31% undervalued based on profitability, which could reinforce the bullish case but does not change the near-term operating picture by itself. Atlantic Union Bankshares (AUB) Stock May Be 31% Undervalued On Profitability
• Negative Sentiment: Revenue came in slightly below Wall Street expectations at $387.57 million versus $389.06 million, so the quarter was not a complete across-the-board beat. Atlantic Union Bankshares earnings release

Atlantic Union Bankshares Stock Down 1.0%

Atlantic Union Bankshares stock opened at $42.40 on Thursday. The firm has a market cap of $6.07 billion, a price-to-earnings ratio of 12.66 and a beta of 0.79. Atlantic Union Bankshares Co. has a 52-week low of $30.39 and a 52-week high of $43.62. The company has a debt-to-equity ratio of 0.15, a quick ratio of 0.92 and a current ratio of 0.93. The firm has a 50 day moving average price of $39.80 and a two-hundred day moving average price of $38.41.

Atlantic Union Bankshares (NYSE:AUB) last posted its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.02. Atlantic Union Bankshares had a net margin of 21.97% and a return on equity of 10.55%. The company had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. During the same period in the prior year, the firm posted $0.95 EPS. The company’s quarterly revenue was up 3.1% on a year-over-year basis. Equities analysts predict that Atlantic Union Bankshares Co. will post 3.74 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, June 5th. Investors of record on Friday, May 22nd were issued a $0.37 dividend. The ex-dividend date was Friday, May 22nd. This represents a $1.48 annualized dividend and a yield of 3.5%. Atlantic Union Bankshares’s payout ratio is presently 62.71%.

Analyst Ratings Changes

Several research firms have recently weighed in on AUB. Weiss Ratings started coverage on Atlantic Union Bankshares in a report on Monday, July 6th. They set a “buy (b-)” rating on the stock. TD Cowen lifted their target price on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the stock a “buy” rating in a research report on Wednesday. Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $42.00 to $45.00 and gave the stock an “equal weight” rating in a report on Monday, June 29th. Stephens restated an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th. Finally, Zacks Research downgraded shares of Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research note on Tuesday, March 31st. Five investment analysts have rated the stock with a Buy rating and four have given a Hold rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $44.12.

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.