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

Osaic Holdings Inc. raised its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 180.7% during the second quarter, HoldingsChannel.com reports. The fund owned 50,511 shares of the company’s stock after acquiring an additional 32,518 shares during the quarter. Osaic Holdings Inc.’s holdings in Atlantic Union Bankshares were worth $1,580,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Walleye Capital LLC boosted its stake 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 valued at $688,000 after purchasing an additional 322 shares in the last quarter. Corebridge Financial Inc. lifted its holdings in Atlantic Union Bankshares by 0.8% during the 1st quarter. Corebridge Financial Inc. now owns 48,026 shares of the company’s stock valued at $1,496,000 after purchasing an additional 396 shares during the last quarter. Huntington National Bank boosted its position in Atlantic Union Bankshares by 71.7% in the second quarter. Huntington National Bank now owns 1,298 shares of the company’s stock valued at $41,000 after buying an additional 542 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in Atlantic Union Bankshares by 64.8% during the second quarter. Nomura Asset Management Co. Ltd. now owns 1,533 shares of the company’s stock worth $48,000 after buying an additional 603 shares during the last quarter. Finally, Fifth Third Bancorp increased its holdings in shares of Atlantic Union Bankshares by 50.2% during the second quarter. Fifth Third Bancorp now owns 2,052 shares of the company’s stock worth $64,000 after buying an additional 686 shares in the last quarter. 78.58% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts have recently commented on AUB shares. National Bankshares set a $46.00 target price on Atlantic Union Bankshares in a report on Wednesday, September 24th. Piper Sandler decreased their target price on Atlantic Union Bankshares from $45.00 to $41.50 and set an “overweight” rating on the stock in a report on Friday, October 24th. Raymond James Financial set a $45.00 price target on Atlantic Union Bankshares in a report on Thursday, December 11th. Cowen reissued a “buy” rating on shares of Atlantic Union Bankshares in a report on Thursday, December 11th. Finally, Morgan Stanley boosted their target price on shares of Atlantic Union Bankshares from $41.00 to $44.00 and gave the stock an “equal weight” rating in a research note on Thursday, December 11th. Six analysts have rated the stock with a Buy rating and three have issued a Hold rating to the company’s stock. According to data from MarketBeat, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and a consensus target price of $41.61.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ:AUB opened at $35.55 on Wednesday. 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 Co. has a 1-year low of $22.85 and a 1-year high of $39.29. The stock has a market capitalization of $5.07 billion, a P/E ratio of 15.52 and a beta of 0.85. The business has a 50-day moving average price of $34.20 and a two-hundred day moving average price of $33.93.

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

Atlantic Union Bankshares Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, November 28th. Investors of record on Friday, November 14th were issued a $0.37 dividend. This is a boost 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 currently 79.14%.

About Atlantic Union Bankshares

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.