Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by Texas Permanent School Fund Corp

Texas Permanent School Fund Corp raised its position in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 1.9% during the second quarter, HoldingsChannel.com reports. The firm owned 66,894 shares of the company’s stock after buying an additional 1,235 shares during the quarter. Texas Permanent School Fund Corp’s holdings in Atlantic Union Bankshares were worth $2,197,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also modified their holdings of AUB. Charles Schwab Investment Management Inc. lifted its holdings in shares of Atlantic Union Bankshares by 3.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 618,084 shares of the company’s stock valued at $22,585,000 after acquiring an additional 22,033 shares in the last quarter. Jump Financial LLC purchased a new position in Atlantic Union Bankshares in the fourth quarter valued at about $219,000. Brown Advisory Inc. lifted its stake in shares of Atlantic Union Bankshares by 3.3% during the fourth quarter. Brown Advisory Inc. now owns 16,464 shares of the company’s stock worth $602,000 after purchasing an additional 520 shares in the last quarter. Norges Bank purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth about $18,902,000. Finally, Franklin Resources Inc. grew its stake in shares of Atlantic Union Bankshares by 41.5% in the fourth quarter. Franklin Resources Inc. now owns 892,883 shares of the company’s stock valued at $32,626,000 after buying an additional 261,825 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently commented on the company. Keefe, Bruyette & Woods boosted their price target on Atlantic Union Bankshares from $35.00 to $38.00 and gave the stock a “market perform” rating in a research report on Monday, July 29th. Hovde Group reduced their target price on shares of Atlantic Union Bankshares from $46.00 to $45.00 and set an “outperform” rating on the stock in a research report on Friday, September 13th. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $40.00.

Atlantic Union Bankshares Stock Performance

Shares of AUB opened at $38.32 on Wednesday. Atlantic Union Bankshares Co. has a 52-week low of $26.91 and a 52-week high of $42.50. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.14. The firm has a market cap of $3.44 billion, a price-to-earnings ratio of 14.04 and a beta of 0.89. The business’s 50 day moving average is $38.09 and its two-hundred day moving average is $34.78.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its quarterly earnings data on Thursday, July 25th. The company reported $0.63 EPS for the quarter, missing analysts’ consensus estimates of $0.68 by ($0.05). The company had revenue of $212.20 million for the quarter, compared to the consensus estimate of $216.03 million. Atlantic Union Bankshares had a net margin of 15.53% and a return on equity of 8.95%. The company’s revenue was up 17.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.74 earnings per share. Analysts forecast that Atlantic Union Bankshares Co. will post 3.04 EPS for the current fiscal year.

Atlantic Union Bankshares Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, August 23rd. Investors of record on Friday, August 9th were paid a $0.32 dividend. The ex-dividend date was Friday, August 9th. This represents a $1.28 dividend on an annualized basis and a yield of 3.34%. Atlantic Union Bankshares’s dividend payout ratio (DPR) is 47.06%.

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.