Emerald Mutual Fund Advisers Trust Grows Stock Holdings in Atlantic Union Bankshares Co. $AUB

Emerald Mutual Fund Advisers Trust boosted its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 137.5% in the second quarter, HoldingsChannel reports. The fund owned 12,574 shares of the company’s stock after purchasing an additional 7,279 shares during the quarter. Emerald Mutual Fund Advisers Trust’s holdings in Atlantic Union Bankshares were worth $393,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of AUB. Vanguard Group Inc. lifted its position in Atlantic Union Bankshares by 8.9% during the first quarter. Vanguard Group Inc. now owns 11,932,493 shares of the company’s stock valued at $371,578,000 after acquiring an additional 978,793 shares during the last quarter. Millennium Management LLC lifted its holdings in shares of Atlantic Union Bankshares by 152.3% during the 1st quarter. Millennium Management LLC now owns 1,136,526 shares of the company’s stock valued at $35,391,000 after purchasing an additional 686,137 shares during the last quarter. Invesco Ltd. lifted its holdings in shares of Atlantic Union Bankshares by 207.5% during the 1st quarter. Invesco Ltd. now owns 1,016,402 shares of the company’s stock valued at $31,651,000 after purchasing an additional 685,832 shares during the last quarter. Goldman Sachs Group Inc. lifted its holdings in shares of Atlantic Union Bankshares by 36.0% during the 1st quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock valued at $66,548,000 after purchasing an additional 565,564 shares during the last quarter. Finally, Stieven Capital Advisors L.P. purchased a new stake in Atlantic Union Bankshares in the first quarter valued at about $12,923,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on the company. TD Cowen decreased their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a “buy” rating for the company in a research note on Monday. Piper Sandler decreased their price objective on shares of Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating for the company in a research report on Friday, October 24th. Janney Montgomery Scott began coverage on shares of Atlantic Union Bankshares in a research report on Wednesday, October 8th. They issued a “buy” rating and a $42.00 price objective for the company. Keefe, Bruyette & Woods raised their price target on shares of Atlantic Union Bankshares from $33.00 to $34.00 and gave the stock a “market perform” rating in a report on Monday, August 4th. Finally, Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a report on Monday. One investment analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $40.61.

Insider Activity

In other Atlantic Union Bankshares news, Director Frank Russell Ellett bought 5,000 shares of Atlantic Union Bankshares stock in a transaction that occurred on Thursday, August 7th. The stock was purchased at an average price of $31.54 per share, with a total value of $157,700.00. Following the completion of the acquisition, the director directly owned 76,606 shares in the company, valued at approximately $2,416,153.24. This trade represents a 6.98% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have acquired a total of 11,441 shares of company stock worth $359,677 over the last three months. Company insiders own 1.16% of the company’s stock.

Atlantic Union Bankshares Stock Performance

AUB opened at $32.43 on Friday. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market capitalization of $4.62 billion, a PE ratio of 14.16 and a beta of 0.87. The firm has a 50 day moving average of $35.07 and a two-hundred day moving average of $32.22.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings results on Thursday, October 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.02). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $319.21 million for the quarter, compared to analysts’ expectations of $377.92 million. During the same period in the prior year, the business posted $0.83 earnings per share. The business’s quarterly revenue was up 69.8% compared to the same quarter last year. On average, analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

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.