44,456 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUBFree Report) in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 44,456 shares of the company’s stock, valued at approximately $1,279,000. Illinois Municipal Retirement Fund owned about 0.06% of Atlantic Union Bankshares as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. Raymond James & Associates raised its stake in Atlantic Union Bankshares by 15.3% during the 1st quarter. Raymond James & Associates now owns 90,842 shares of the company’s stock valued at $3,333,000 after buying an additional 12,059 shares during the last quarter. Bank of New York Mellon Corp raised its stake in Atlantic Union Bankshares by 1.7% during the 1st quarter. Bank of New York Mellon Corp now owns 533,921 shares of the company’s stock valued at $19,590,000 after buying an additional 9,157 shares during the last quarter. American Century Companies Inc. raised its stake in Atlantic Union Bankshares by 49.6% during the 1st quarter. American Century Companies Inc. now owns 64,350 shares of the company’s stock valued at $2,361,000 after buying an additional 21,347 shares during the last quarter. US Bancorp DE raised its stake in Atlantic Union Bankshares by 14.1% during the 1st quarter. US Bancorp DE now owns 13,593 shares of the company’s stock valued at $499,000 after buying an additional 1,675 shares during the last quarter. Finally, Natixis Advisors L.P. raised its stake in Atlantic Union Bankshares by 12.1% during the 1st quarter. Natixis Advisors L.P. now owns 31,567 shares of the company’s stock valued at $1,158,000 after buying an additional 3,403 shares during the last quarter. 77.64% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Separately, Raymond James boosted their target price on shares of Atlantic Union Bankshares from $34.00 to $39.00 and gave the company an “outperform” rating in a research note on Friday, January 5th.

View Our Latest Research Report on AUB

Atlantic Union Bankshares Stock Performance

NASDAQ:AUB opened at $35.87 on Wednesday. The company has a debt-to-equity ratio of 0.15, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market capitalization of $2.69 billion, a price-to-earnings ratio of 14.12 and a beta of 0.98. Atlantic Union Bankshares Co. has a one year low of $23.32 and a one year high of $41.04. The business has a fifty day moving average price of $34.66 and a 200-day moving average price of $31.64.

Atlantic Union Bankshares (NASDAQ:AUBGet Free Report) last posted its quarterly earnings data on Tuesday, January 23rd. The company reported $0.78 EPS for the quarter, topping the consensus estimate of $0.75 by $0.03. The firm had revenue of $289.46 million during the quarter, compared to analyst estimates of $179.72 million. Atlantic Union Bankshares had a return on equity of 9.51% and a net margin of 19.31%. During the same period in the prior year, the business posted $0.90 EPS. Sell-side analysts forecast that Atlantic Union Bankshares Co. will post 3.22 EPS for the current year.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, February 23rd. Investors of record on Friday, February 9th will be issued a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 3.57%. The ex-dividend date is Thursday, February 8th. Atlantic Union Bankshares’s dividend payout ratio is currently 50.39%.

Atlantic Union Bankshares Profile

(Free Report)

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, NOW, time deposit, and money market accounts; certificates of deposit; and other depository services.

See Also

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Institutional Ownership by Quarter for Atlantic Union Bankshares (NASDAQ:AUB)

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