Wesbanco Bank Inc. Buys 17,035 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Wesbanco Bank Inc. increased its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 37.3% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 62,700 shares of the company's stock after purchasing an additional 17,035 shares during the period. Wesbanco Bank Inc. owned approximately 0.07% of Atlantic Union Bankshares worth $2,375,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Renaissance Technologies LLC acquired a new stake in shares of Atlantic Union Bankshares in the 2nd quarter valued at approximately $4,096,000. Amalgamated Bank grew its holdings in Atlantic Union Bankshares by 14.9% during the 2nd quarter. Amalgamated Bank now owns 27,402 shares of the company's stock worth $900,000 after acquiring an additional 3,553 shares during the last quarter. Sei Investments Co. increased its position in Atlantic Union Bankshares by 62.7% in the 2nd quarter. Sei Investments Co. now owns 261,634 shares of the company's stock valued at $8,595,000 after acquiring an additional 100,859 shares during the period. Thrivent Financial for Lutherans raised its stake in shares of Atlantic Union Bankshares by 17.0% during the second quarter. Thrivent Financial for Lutherans now owns 80,039 shares of the company's stock valued at $2,629,000 after acquiring an additional 11,601 shares during the last quarter. Finally, Profund Advisors LLC lifted its holdings in shares of Atlantic Union Bankshares by 32.2% during the second quarter. Profund Advisors LLC now owns 7,703 shares of the company's stock worth $253,000 after purchasing an additional 1,876 shares during the period. Institutional investors and hedge funds own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Performance

NASDAQ:AUB traded down $0.20 during trading on Friday, reaching $36.37. The company's stock had a trading volume of 413,485 shares, compared to its average volume of 884,918. Atlantic Union Bankshares Co. has a 12 month low of $30.43 and a 12 month high of $44.54. The firm has a market cap of $3.26 billion, a price-to-earnings ratio of 15.09 and a beta of 0.93. The firm has a 50 day moving average of $39.55 and a 200-day moving average of $38.65. 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 (NASDAQ:AUB - Get Free Report) last issued its earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.82 by $0.01. The firm had revenue of $358.81 million for the quarter, compared to analyst estimates of $226.70 million. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. During the same period in the previous year, the company posted $0.80 earnings per share. Research analysts expect that Atlantic Union Bankshares Co. will post 2.9 EPS for the current fiscal year.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on the stock. Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 target price for the company. Raymond James dropped their price objective on Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 2nd. Finally, Keefe, Bruyette & Woods raised their target price on Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, November 22nd. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $44.60.

About Atlantic Union Bankshares

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.