New York State Common Retirement Fund Purchases 14,458 Shares of Atlantic Union Bankshares Co. $AUB

New York State Common Retirement Fund boosted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 32.0% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 59,680 shares of the company’s stock after buying an additional 14,458 shares during the period. New York State Common Retirement Fund’s holdings in Atlantic Union Bankshares were worth $2,106,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions 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 buying an additional 317 shares in the last quarter. Walleye Capital LLC raised its holdings in shares of Atlantic Union Bankshares by 1.5% in the 2nd quarter. Walleye Capital LLC now owns 22,000 shares of the company’s stock worth $688,000 after buying an additional 322 shares in the last quarter. Benson Investment Management Company Inc. lifted 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 buying an additional 355 shares during the period. Accordant Advisory Group Inc boosted its stake in 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 in the last quarter. Finally, Nisa Investment Advisors LLC grew its position in Atlantic Union Bankshares by 4.9% in the third quarter. Nisa Investment Advisors LLC now owns 10,451 shares of the company’s stock valued at $369,000 after acquiring an additional 485 shares during the period. Institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have weighed in on AUB shares. Zacks Research raised shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a research note on Thursday. Raymond James Financial set a $45.00 price objective on Atlantic Union Bankshares in a research note on Thursday, December 11th. TD Cowen restated a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Morgan Stanley upped their price target on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research report on Thursday, December 11th. Finally, Piper Sandler raised their price objective on shares of Atlantic Union Bankshares from $41.50 to $47.50 and gave the company an “overweight” rating in a research 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 given a Hold rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $42.55.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB opened at $41.77 on Monday. The company has a market cap of $5.95 billion, a P/E ratio of 18.24 and a beta of 0.83. The company has a fifty day simple moving average of $37.21 and a 200 day simple moving average of $35.13. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates 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 net margin of 15.53% and a return on equity of 8.50%. During the same period last year, the company earned $0.67 earnings per share. Sell-side analysts predict that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Dividend Announcement

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 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.