Atlantic Union Bankshares Co. $AUB Shares Acquired by Schroder Investment Management Group

Key Points

• Schroder Investment Management raised its stake in Atlantic Union Bankshares by 9.4% to 731,359 shares (about $26.04 million), and overall institutional ownership stands at roughly 78.58%, signaling strong institutional interest.
• Atlantic Union beat quarterly estimates with $0.97 EPS vs. $0.86 expected and revenue of $391.33 million, and the company pays a quarterly dividend of $0.37 (annualized yield ~4.3%).
• Analysts have an average rating of "Moderate Buy" with a consensus price target of $42.85, compared with the recent stock price of $34.38 and a 52‑week high of $42.18.

Schroder Investment Management Group lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 9.4% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 731,359 shares of the company's stock after acquiring an additional 62,614 shares during the quarter. Schroder Investment Management Group owned 0.51% of Atlantic Union Bankshares worth $26,036,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. AQR Capital Management LLC increased its holdings in Atlantic Union Bankshares by 634.3% during the 1st quarter. AQR Capital Management LLC now owns 41,902 shares of the company's stock worth $1,305,000 after purchasing an additional 36,196 shares during the period. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised 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 purchasing an additional 2,322 shares in the last quarter. Goldman Sachs Group Inc. boosted its stake in shares of 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 valued at $66,548,000 after buying an additional 565,564 shares during the period. Empowered Funds LLC acquired a new position 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 grew its position 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 worth $7,766,000 after buying an additional 22,078 shares in the last quarter. 78.58% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the stock. Morgan Stanley raised their target price on shares of Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an "equal weight" rating in a report on Monday, March 2nd. Zacks Research upgraded shares of Atlantic Union Bankshares from a "hold" rating to a "strong-buy" rating in a report on Thursday, February 5th. Raymond James Financial set a $45.00 price objective on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. TD Cowen restated a "buy" rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, Stephens lifted their price objective on shares of Atlantic Union Bankshares from $43.00 to $45.00 and gave the stock an "overweight" rating in a research report on Monday, January 26th. One analyst has rated the stock with a Strong Buy rating, six have issued a Buy rating and three have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus price target of $42.85.

Atlantic Union Bankshares Price Performance

AUB stock opened at $34.38 on Friday. The business has a 50 day moving average price of $38.48 and a 200 day moving average price of $36.04. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The stock has a market cap of $4.90 billion, a price-to-earnings ratio of 15.01 and a beta of 0.82. Atlantic Union Bankshares Co. has a fifty-two week low of $22.85 and a fifty-two week high of $42.18.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last announced its quarterly earnings results on Thursday, January 22nd. The company reported $0.97 EPS for the quarter, beating the consensus estimate of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The company had revenue of $391.33 million for the quarter, compared to analyst estimates of $378.95 million. During the same period in the prior year, the firm posted $0.67 earnings per share. Equities research analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 27th. Investors of record on Friday, February 13th were given a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a dividend yield of 4.3%. The ex-dividend date of this dividend was Friday, February 13th. Atlantic Union Bankshares's dividend payout ratio (DPR) is 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.

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