Osaic Holdings Inc. Has $1.58 Million Stock Position in Atlantic Union Bankshares Co. $AUB

Osaic Holdings Inc. boosted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 180.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 50,511 shares of the company’s stock after buying an additional 32,518 shares during the period. Osaic Holdings Inc.’s holdings in Atlantic Union Bankshares were worth $1,580,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently made changes to their positions in AUB. Curio Wealth LLC purchased a new stake in shares of Atlantic Union Bankshares in the second quarter worth approximately $28,000. Huntington National Bank grew its position in Atlantic Union Bankshares by 71.7% during the second quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after purchasing an additional 542 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its stake in Atlantic Union Bankshares by 64.8% in the 2nd quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock valued at $48,000 after buying an additional 603 shares during the period. EverSource Wealth Advisors LLC lifted its position in Atlantic Union Bankshares by 504.7% in the 2nd quarter. EverSource Wealth Advisors LLC now owns 1,542 shares of the company’s stock worth $48,000 after buying an additional 1,287 shares in the last quarter. Finally, Fifth Third Bancorp boosted its stake in shares of Atlantic Union Bankshares by 50.2% during the 2nd quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock valued at $64,000 after buying an additional 686 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB opened at $35.55 on Wednesday. Atlantic Union Bankshares Co. has a 12 month low of $22.85 and a 12 month high of $39.29. The company has a market cap of $5.07 billion, a P/E ratio of 15.52 and a beta of 0.85. The business’s 50 day moving average is $34.20 and its two-hundred day moving average is $33.93. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

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

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 28th. Shareholders of record on Friday, November 14th were paid a dividend of $0.37 per share. This is a positive change from Atlantic Union Bankshares’s previous quarterly dividend of $0.34. This represents a $1.48 dividend on an annualized basis and a yield of 4.2%. The ex-dividend date was Friday, November 14th. Atlantic Union Bankshares’s dividend payout ratio is 79.14%.

Analyst Ratings Changes

A number of analysts recently issued reports on AUB shares. Piper Sandler reduced their price objective on 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. Morgan Stanley lifted their price target on Atlantic Union Bankshares from $41.00 to $44.00 and gave the company an “equal weight” rating in a report on Thursday, December 11th. TD Cowen boosted their price target on Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Thursday, December 11th. National Bankshares set a $46.00 price objective on shares of Atlantic Union Bankshares in a research report on Wednesday, September 24th. Finally, Raymond James Financial set a $45.00 target price on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. Six research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $41.61.

Atlantic Union Bankshares 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.