Aristotle Capital Boston LLC Makes New $22.17 Million Investment in Atlantic Union Bankshares Co. $AUB

Aristotle Capital Boston LLC acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) in the 4th quarter, Holdings Channel.com reports. The firm acquired 628,018 shares of the company’s stock, valued at approximately $22,169,000. Atlantic Union Bankshares comprises approximately 1.2% of Aristotle Capital Boston LLC’s portfolio, making the stock its 24th biggest position.

Several other large investors have also recently bought and sold shares of AUB. AQR Capital Management LLC raised its position in Atlantic Union Bankshares by 634.3% in the first quarter. AQR Capital Management LLC now owns 41,902 shares of the company’s stock worth $1,305,000 after acquiring an additional 36,196 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Atlantic Union Bankshares by 4.6% in the first quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 53,232 shares of the company’s stock worth $1,658,000 after acquiring an additional 2,322 shares in the last quarter. Goldman Sachs Group Inc. raised its position in Atlantic Union Bankshares by 36.0% in the first quarter. Goldman Sachs Group Inc. now owns 2,137,072 shares of the company’s stock worth $66,548,000 after acquiring an additional 565,564 shares in the last quarter. Empowered Funds LLC purchased a new position in shares of Atlantic Union Bankshares in the first quarter valued at $3,011,000. Finally, UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC increased its position in shares of Atlantic Union Bankshares by 9.7% in the first quarter. UBS AM A Distinct Business Unit of UBS Asset Management Americas LLC now owns 249,378 shares of the company’s stock valued at $7,766,000 after buying an additional 22,078 shares in the last quarter. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Piper Sandler raised their price target on Atlantic Union Bankshares from $45.00 to $46.00 and gave the company an “overweight” rating in a research report on Thursday, June 11th. Morgan Stanley raised their price target on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a research report on Monday, March 2nd. Zacks Research cut Atlantic Union Bankshares from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, March 31st. TD Cowen raised their price target on Atlantic Union Bankshares from $44.00 to $45.00 and gave the company a “buy” rating in a research report on Tuesday, May 12th. Finally, Stephens restated an “overweight” rating and issued a $46.00 price target on shares of Atlantic Union Bankshares in a research report on Thursday, June 11th. Four investment analysts have rated the stock with a Buy rating and four have issued 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 $43.88.

Insider Buying and Selling at Atlantic Union Bankshares

In other news, Director Nancy H. Agee acquired 650 shares of Atlantic Union Bankshares stock in a transaction dated Monday, April 20th. The shares were acquired at an average cost of $39.05 per share, with a total value of $25,382.50. Following the purchase, the director directly owned 37,797 shares of the company’s stock, valued at approximately $1,475,972.85. This trade represents a 1.75% increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.96% of the stock is owned by corporate insiders.

Atlantic Union Bankshares Stock Down 2.6%

Shares of NASDAQ:AUB opened at $38.59 on Thursday. The stock’s 50-day moving average price is $37.84 and its two-hundred day moving average price is $37.36. 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 12-month low of $29.64 and a 12-month high of $42.18. The firm has a market cap of $5.52 billion, a price-to-earnings ratio of 16.85 and a beta of 0.80.

Atlantic Union Bankshares (NASDAQ:AUB) last issued its quarterly earnings results on Tuesday, April 21st. The company reported $0.89 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.03). Atlantic Union Bankshares had a return on equity of 8.50% and a net margin of 15.53%.The business had revenue of $371.71 million during the quarter, compared to analyst estimates of $391.24 million. During the same period in the previous year, the business posted $0.90 earnings per share. On average, research analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current year.

Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 5th. Stockholders of record on Friday, May 22nd were paid a $0.37 dividend. This represents a $1.48 annualized dividend and a dividend yield of 3.8%. The ex-dividend date of this dividend was Friday, May 22nd. Atlantic Union Bankshares’s payout ratio is currently 62.71%.

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.