Susquehanna Fundamental Investments LLC Acquires 110,560 Shares of Atlantic Union Bankshares Co. $AUB

Susquehanna Fundamental Investments LLC boosted its holdings in shares of Atlantic Union Bankshares Co. (NYSE:AUB) by 286.2% during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 149,189 shares of the company’s stock after buying an additional 110,560 shares during the quarter. Susquehanna Fundamental Investments LLC owned approximately 0.10% of Atlantic Union Bankshares worth $6,312,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Beacon Investment Advisors LLC lifted its holdings in Atlantic Union Bankshares by 0.7% during the fourth quarter. Beacon Investment Advisors LLC now owns 34,442 shares of the company’s stock worth $1,216,000 after buying an additional 249 shares during the period. EverSource Wealth Advisors LLC raised its position in shares of Atlantic Union Bankshares by 25.9% in the 1st quarter. EverSource Wealth Advisors LLC now owns 1,544 shares of the company’s stock worth $55,000 after acquiring an additional 318 shares in the last quarter. Walleye Capital LLC raised its position 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 acquiring an additional 322 shares in the last quarter. Maryland State Retirement & Pension System lifted its stake in shares of Atlantic Union Bankshares by 1.7% during the 4th quarter. Maryland State Retirement & Pension System now owns 20,835 shares of the company’s stock worth $735,000 after purchasing an additional 347 shares during the last quarter. Finally, CIBC Asset Management Inc lifted its stake in shares of Atlantic Union Bankshares by 3.6% during the 4th quarter. CIBC Asset Management Inc now owns 13,399 shares of the company’s stock worth $473,000 after purchasing an additional 468 shares during the last quarter. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities analysts have issued reports on AUB shares. 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. Piper Sandler reaffirmed an “overweight” rating and issued a $47.00 price objective on shares of Atlantic Union Bankshares in a research report on Wednesday, July 22nd. Weiss Ratings raised shares of Atlantic Union Bankshares from a “buy (b-)” rating to a “buy (b)” rating in a research report on Tuesday, August 11th. TD Cowen raised their target price on shares of Atlantic Union Bankshares from $46.00 to $48.00 and gave the company a “buy” rating in a research note on Wednesday, July 22nd. Finally, Stephens reaffirmed an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a report on Thursday, June 11th. Five investment analysts have rated the stock with a Buy rating and three have issued a Hold rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $45.57.

Atlantic Union Bankshares Trading Down 0.8%

NYSE AUB opened at $40.32 on Tuesday. Atlantic Union Bankshares Co. has a 12-month low of $30.87 and a 12-month high of $43.62. The company has a fifty day simple moving average of $41.97 and a two-hundred day simple moving average of $39.04. The company has a current ratio of 0.93, a quick ratio of 0.93 and a debt-to-equity ratio of 0.15. The stock has a market cap of $5.76 billion, a P/E ratio of 12.04 and a beta of 0.79.

Atlantic Union Bankshares (NYSE:AUB) last announced its quarterly earnings data on Tuesday, July 21st. The company reported $0.94 earnings per share 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 firm had revenue of $387.57 million for the quarter, compared to analyst estimates of $389.06 million. During the same period in the previous year, the company earned $0.95 earnings per share. The business’s quarterly revenue was up 3.1% compared to the same quarter last year. On average, analysts forecast that Atlantic Union Bankshares Co. will post 3.76 earnings per share for the current year.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 21st. Shareholders of record on Friday, August 7th were given a dividend of $0.37 per share. The ex-dividend date of this dividend was Friday, August 7th. This represents a $1.48 dividend on an annualized basis and a yield of 3.7%. Atlantic Union Bankshares’s payout ratio is currently 44.18%.

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.