Victory Capital Management Inc. Acquires 40,659 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Victory Capital Management Inc. boosted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,449,785 shares of the company's stock after buying an additional 40,659 shares during the period. Victory Capital Management Inc. owned approximately 1.93% of Atlantic Union Bankshares worth $52,975,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Covestor Ltd increased its holdings in Atlantic Union Bankshares by 95.0% in the 3rd quarter. Covestor Ltd now owns 1,053 shares of the company's stock worth $30,000 after acquiring an additional 513 shares in the last quarter. Mariner LLC lifted its stake in shares of Atlantic Union Bankshares by 3.0% during the 3rd quarter. Mariner LLC now owns 19,466 shares of the company's stock valued at $560,000 after buying an additional 567 shares in the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its holdings in Atlantic Union Bankshares by 2.1% in the 4th quarter. Mirae Asset Global Investments Co. Ltd. now owns 34,201 shares of the company's stock worth $1,250,000 after buying an additional 719 shares during the period. Graves Light Lenhart Wealth Inc. increased its stake in Atlantic Union Bankshares by 5.8% in the 3rd quarter. Graves Light Lenhart Wealth Inc. now owns 13,707 shares of the company's stock worth $396,000 after buying an additional 755 shares in the last quarter. Finally, Strs Ohio bought a new stake in Atlantic Union Bankshares during the fourth quarter valued at about $29,000. Institutional investors own 78.58% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on the company. Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $36.00 to $35.00 and set a "market perform" rating on the stock in a research note on Wednesday, April 24th. Piper Sandler lowered their target price on shares of Atlantic Union Bankshares from $40.00 to $38.00 and set an "overweight" rating on the stock in a report on Monday, April 29th. Finally, Stephens cut their target price on shares of Atlantic Union Bankshares from $43.00 to $40.00 and set an "overweight" rating for the company in a research note on Wednesday, April 24th.

Atlantic Union Bankshares Price Performance

Shares of AUB stock traded up $0.14 during trading hours on Friday, hitting $33.48. The stock had a trading volume of 300,971 shares, compared to its average volume of 462,139. Atlantic Union Bankshares Co. has a one year low of $23.32 and a one year high of $37.86. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The stock's 50-day moving average price is $33.50 and its two-hundred day moving average price is $33.30. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 12.31 and a beta of 0.94.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last issued its earnings results on Tuesday, April 23rd. The company reported $0.65 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.69 by ($0.04). The firm had revenue of $288.47 million during the quarter, compared to the consensus estimate of $178.82 million. Atlantic Union Bankshares had a return on equity of 9.47% and a net margin of 19.51%. During the same period last year, the firm posted $0.63 earnings per share. Equities analysts forecast that Atlantic Union Bankshares Co. will post 3.1 EPS for the current year.

Insider Buying and Selling

In other Atlantic Union Bankshares news, Director Donald R. Kimble bought 7,000 shares of the company's stock in a transaction on Friday, March 8th. The stock was acquired at an average price of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the transaction, the director now directly owns 7,582 shares of the company's stock, valued at $266,355.66. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. 0.87% of the stock is currently owned by company insiders.

About Atlantic Union Bankshares

Atlantic Union Bankshares Corporation operates as the bank holding company for Atlantic Union Bank that provides banking and related financial products and services to consumers and businesses in the United States. It operates in two segments, Wholesale Banking and Consumer Banking. The company accepts various deposit products, including checking, savings, time deposit, and money market accounts; certificates of deposit; and other depository services.