State of New Jersey Common Pension Fund D Has $2.01 Million Holdings in Atlantic Union Bankshares Co. $AUB

State of New Jersey Common Pension Fund D raised its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 16.7% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 64,194 shares of the company’s stock after buying an additional 9,174 shares during the quarter. State of New Jersey Common Pension Fund D’s holdings in Atlantic Union Bankshares were worth $2,008,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in AUB. Wealth Enhancement Advisory Services LLC raised its position in shares of Atlantic Union Bankshares by 3.3% during the first quarter. Wealth Enhancement Advisory Services LLC now owns 19,130 shares of the company’s stock worth $596,000 after purchasing an additional 614 shares during the period. Amalgamated Bank raised its position in shares of Atlantic Union Bankshares by 30.7% during the first quarter. Amalgamated Bank now owns 34,400 shares of the company’s stock worth $1,071,000 after purchasing an additional 8,073 shares during the period. New York State Teachers Retirement System raised its position in shares of Atlantic Union Bankshares by 38.3% during the first quarter. New York State Teachers Retirement System now owns 29,460 shares of the company’s stock worth $917,000 after purchasing an additional 8,160 shares during the period. Teacher Retirement System of Texas acquired a new position in shares of Atlantic Union Bankshares during the first quarter worth approximately $582,000. Finally, Oregon Public Employees Retirement Fund raised its position in shares of Atlantic Union Bankshares by 40.7% during the first quarter. Oregon Public Employees Retirement Fund now owns 29,756 shares of the company’s stock worth $927,000 after purchasing an additional 8,600 shares during the period. 78.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on AUB. TD Cowen lowered their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “buy” rating on the stock in a research report on Monday. Piper Sandler lowered their target price on Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating on the stock in a research report on Friday, October 24th. National Bankshares set a $46.00 target price on Atlantic Union Bankshares in a research report on Wednesday, September 24th. Cowen reaffirmed a “buy” rating on shares of Atlantic Union Bankshares in a research report on Monday. Finally, Janney Montgomery Scott initiated coverage on Atlantic Union Bankshares in a report on Wednesday, October 8th. They set a “buy” rating and a $42.00 price target for the company. One equities research analyst has rated the stock with a Strong Buy rating, six have assigned a Buy rating, one has assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $40.61.

Atlantic Union Bankshares Trading Down 1.2%

Shares of Atlantic Union Bankshares stock opened at $32.43 on Friday. The stock has a fifty day simple moving average of $35.07 and a 200 day simple moving average of $32.22. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The company has a market capitalization of $4.62 billion, a P/E ratio of 14.16 and a beta of 0.87. 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 (NASDAQ:AUB) last announced its quarterly earnings results on Thursday, October 23rd. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.86 by ($0.02). The company had revenue of $319.21 million for the quarter, compared to the consensus estimate of $377.92 million. Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The company’s quarterly revenue was up 69.8% compared to the same quarter last year. During the same quarter last year, the company posted $0.83 EPS. On average, sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 3.26 earnings per share for the current fiscal year.

Insider Transactions at Atlantic Union Bankshares

In other Atlantic Union Bankshares news, Director Frank Russell Ellett acquired 5,000 shares of Atlantic Union Bankshares stock in a transaction on Thursday, August 7th. The stock was purchased at an average price of $31.54 per share, for a total transaction of $157,700.00. Following the purchase, the director directly owned 76,606 shares of the company’s stock, valued at $2,416,153.24. This trade represents a 6.98% increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In the last ninety days, insiders acquired 11,441 shares of company stock valued at $359,677. 1.16% of the stock is owned by corporate insiders.

Atlantic Union Bankshares Profile

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.