Heritage Family Offices LLP Has $280,000 Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Heritage Family Offices LLP raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 24.2% in the 4th quarter, HoldingsChannel reports. The fund owned 7,382 shares of the company’s stock after purchasing an additional 1,440 shares during the period. Heritage Family Offices LLP’s holdings in Atlantic Union Bankshares were worth $280,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds also recently modified their holdings of AUB. GAMMA Investing LLC raised its stake in shares of Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after purchasing an additional 284 shares in the last quarter. Nomura Asset Management Co. Ltd. increased its holdings in Atlantic Union Bankshares by 78.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after buying an additional 410 shares during the period. Stifel Financial Corp raised its stake in shares of Atlantic Union Bankshares by 1.3% in the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock valued at $1,224,000 after buying an additional 428 shares in the last quarter. Oppenheimer & Co. Inc. lifted its holdings in shares of Atlantic Union Bankshares by 5.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company’s stock worth $325,000 after acquiring an additional 450 shares during the period. Finally, UMB Bank n.a. boosted its position in shares of Atlantic Union Bankshares by 77.7% during the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after acquiring an additional 483 shares in the last quarter. Institutional investors own 78.58% of the company’s stock.

Atlantic Union Bankshares Price Performance

Shares of Atlantic Union Bankshares stock opened at $38.05 on Thursday. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54. The firm’s 50-day moving average price is $40.22 and its two-hundred day moving average price is $38.49. The company has a current ratio of 0.90, a quick ratio of 0.90 and a debt-to-equity ratio of 0.13. The stock has a market capitalization of $3.42 billion, a price-to-earnings ratio of 12.10 and a beta of 0.93.

Atlantic Union Bankshares (NASDAQ:AUB) last released its quarterly earnings results on Monday, October 21st. The company reported $0.83 earnings per share for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The firm had revenue of $358.81 million during the quarter, compared to analysts’ expectations of $226.70 million. During the same period last year, the firm posted $0.80 EPS. On average, equities analysts predict that Atlantic Union Bankshares Co. will post 2.93 earnings per share for the current fiscal year.

Atlantic Union Bankshares Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, November 22nd. Investors of record on Friday, November 8th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.57%. This is a boost from Atlantic Union Bankshares’s previous quarterly dividend of $0.32. The ex-dividend date of this dividend was Friday, November 8th. Atlantic Union Bankshares’s payout ratio is currently 56.43%.

Analyst Upgrades and Downgrades

AUB has been the subject of a number of analyst reports. Raymond James cut their price target on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating for the company in a research note on Wednesday, October 2nd. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research report on Monday. They set an “overweight” rating and a $51.00 target price for the company. Finally, Keefe, Bruyette & Woods upped their price target on Atlantic Union Bankshares from $42.00 to $46.00 and gave the company a “market perform” rating in a research report on Friday, November 22nd. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of “Moderate Buy” and an average target price of $44.60.

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.