American Century Companies Inc. Purchases 174,122 Shares of Atlantic Union Bankshares Co. $AUB

American Century Companies Inc. raised its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 7.8% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 2,393,318 shares of the company’s stock after buying an additional 174,122 shares during the quarter. American Century Companies Inc. owned 1.68% of Atlantic Union Bankshares worth $84,460,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. State Street Corp boosted its position in shares of Atlantic Union Bankshares by 24.5% during the 2nd quarter. State Street Corp now owns 7,400,456 shares of the company’s stock valued at $231,486,000 after acquiring an additional 1,457,647 shares in the last quarter. Geode Capital Management LLC raised its position in Atlantic Union Bankshares by 59.2% in the second quarter. Geode Capital Management LLC now owns 3,375,225 shares of the company’s stock worth $105,589,000 after purchasing an additional 1,255,064 shares in the last quarter. Franklin Resources Inc. lifted its stake in Atlantic Union Bankshares by 96.8% during the second quarter. Franklin Resources Inc. now owns 3,313,002 shares of the company’s stock worth $103,631,000 after purchasing an additional 1,629,591 shares during the period. Westwood Holdings Group Inc. boosted its holdings in Atlantic Union Bankshares by 10.4% during the second quarter. Westwood Holdings Group Inc. now owns 2,376,734 shares of the company’s stock valued at $74,344,000 after purchasing an additional 224,267 shares in the last quarter. Finally, Goldman Sachs Group Inc. grew its stake in shares of Atlantic Union Bankshares by 36.0% in 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 period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of AUB stock opened at $37.60 on Wednesday. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $42.18. 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’s 50 day moving average is $38.53 and its 200-day moving average is $35.98. The firm has a market capitalization of $5.36 billion, a price-to-earnings ratio of 16.42 and a beta of 0.83.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Thursday, January 22nd. The company reported $0.97 earnings per share for the quarter, topping the consensus estimate of $0.86 by $0.11. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.50%. The firm had revenue of $391.33 million during the quarter, compared to analysts’ expectations of $378.95 million. During the same quarter in the previous year, the company posted $0.67 EPS. Sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.26 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, February 27th. Stockholders of record on Friday, February 13th were given a dividend of $0.37 per share. The ex-dividend date was Friday, February 13th. This represents a $1.48 dividend on an annualized basis and a dividend yield of 3.9%. Atlantic Union Bankshares’s payout ratio is presently 72.55%.

Wall Street Analyst Weigh In

AUB has been the subject of a number of recent research reports. Piper Sandler increased their target price on Atlantic Union Bankshares from $41.50 to $47.50 and gave the stock an “overweight” rating in a report on Thursday, February 5th. TD Cowen reiterated a “buy” rating on shares of Atlantic Union Bankshares in a research note on Thursday, December 11th. Morgan Stanley lifted their price objective on Atlantic Union Bankshares from $44.00 to $47.00 and gave the company an “equal weight” rating in a report on Monday. Zacks Research raised shares of Atlantic Union Bankshares from a “hold” rating to a “strong-buy” rating in a report on Thursday, February 5th. Finally, Raymond James Financial set a $45.00 target price on shares of Atlantic Union Bankshares in a research report on Thursday, December 11th. One investment analyst has rated the stock with a Strong Buy rating, six have given a Buy rating and three have assigned a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $42.85.

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.