Fort Washington Investment Advisors Inc. OH Increases Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Fort Washington Investment Advisors Inc. OH raised its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 19.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 523,891 shares of the company's stock after purchasing an additional 84,290 shares during the quarter. Fort Washington Investment Advisors Inc. OH owned about 0.58% of Atlantic Union Bankshares worth $19,845,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in AUB. Nomura Asset Management Co. Ltd. raised its holdings in shares of Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock worth $35,000 after purchasing an additional 410 shares during the last quarter. GAMMA Investing LLC grew its position in Atlantic Union Bankshares by 88.6% during the 3rd quarter. GAMMA Investing LLC now owns 1,041 shares of the company's stock worth $39,000 after purchasing an additional 489 shares during the period. UMB Bank n.a. raised its stake 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 buying an additional 483 shares during the last quarter. Quest Partners LLC purchased a new position in shares of Atlantic Union Bankshares during the 3rd quarter valued at about $56,000. Finally, Blue Trust Inc. lifted its holdings in shares of Atlantic Union Bankshares by 110.2% in the 3rd quarter. Blue Trust Inc. now owns 2,089 shares of the company's stock valued at $79,000 after buying an additional 1,095 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock traded down $1.27 during trading on Thursday, reaching $36.60. The company had a trading volume of 667,287 shares, compared to its average volume of 892,368. The firm has a market capitalization of $3.29 billion, a PE ratio of 15.18 and a beta of 0.93. The firm's 50-day simple moving average is $39.67 and its 200 day simple moving average is $38.66. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.90 and a current ratio of 0.90. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54.

Atlantic Union Bankshares (NASDAQ:AUB - Get Free Report) last released its earnings results on Monday, October 21st. The company reported $0.83 EPS for the quarter, topping analysts' consensus estimates of $0.82 by $0.01. The business had revenue of $358.81 million during the quarter, compared to analysts' expectations of $226.70 million. Atlantic Union Bankshares had a net margin of 16.25% and a return on equity of 8.85%. During the same quarter in the previous year, the company earned $0.80 earnings per share. As a group, equities research analysts anticipate that Atlantic Union Bankshares Co. will post 2.9 earnings per share for the current fiscal year.

Wall Street Analyst Weigh In

AUB has been the subject of several recent research reports. Raymond James reduced their price target on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating for the company in a research report on Wednesday, October 2nd. Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 target price for the company. Finally, Keefe, Bruyette & Woods raised their price target on shares of 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 research analyst has rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $44.60.

Atlantic Union Bankshares Company 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.