Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Sold by Illinois Municipal Retirement Fund

Illinois Municipal Retirement Fund reduced its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 6.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,652 shares of the company’s stock after selling 2,804 shares during the period. Illinois Municipal Retirement Fund owned about 0.06% of Atlantic Union Bankshares worth $1,522,000 as of its most recent SEC filing.

A number of other institutional investors have also made changes to their positions in AUB. Fort Washington Investment Advisors Inc. OH purchased a new stake in Atlantic Union Bankshares during the 3rd quarter worth approximately $14,416,000. Ceredex Value Advisors LLC acquired a new stake in Atlantic Union Bankshares in the third quarter valued at $10,995,000. Victory Capital Management Inc. raised its holdings in Atlantic Union Bankshares by 14.1% in the third quarter. Victory Capital Management Inc. now owns 1,409,126 shares of the company’s stock valued at $40,555,000 after acquiring an additional 174,667 shares in the last quarter. Envestnet Asset Management Inc. boosted its stake in Atlantic Union Bankshares by 62.0% during the 3rd quarter. Envestnet Asset Management Inc. now owns 318,334 shares of the company’s stock valued at $9,162,000 after acquiring an additional 121,806 shares during the last quarter. Finally, North Reef Capital Management LP acquired a new position in Atlantic Union Bankshares during the 3rd quarter worth $2,378,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on AUB shares. Raymond James upped 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. Stephens cut their price objective on Atlantic Union Bankshares from $43.00 to $40.00 and set an “overweight” rating on the stock in a research note on Wednesday. Finally, Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $36.00 to $35.00 and set a “market perform” rating for the company in a research report on Wednesday.

Insiders Place Their Bets

In other Atlantic Union Bankshares news, Director Donald R. Kimble acquired 7,000 shares of Atlantic Union Bankshares stock in a transaction dated Friday, March 8th. The stock was acquired at an average cost of $35.13 per share, for a total transaction of $245,910.00. Following the completion of the transaction, the director now owns 7,582 shares in the company, valued at approximately $266,355.66. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.87% of the stock is owned by corporate insiders.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $32.27 on Friday. The company has a market cap of $2.43 billion, a PE ratio of 10.94 and a beta of 0.94. Atlantic Union Bankshares Co. has a fifty-two week low of $23.32 and a fifty-two week high of $37.86. The firm has a 50-day simple moving average of $33.55 and a 200 day simple moving average of $33.16. The company has a quick ratio of 0.90, a current ratio of 0.90 and a debt-to-equity ratio of 0.15.

Atlantic Union Bankshares (NASDAQ:AUB) last posted its earnings results on Tuesday, April 23rd. The company reported $0.65 EPS for the quarter, missing the consensus estimate of $0.69 by ($0.04). The company had revenue of $288.47 million for the quarter, compared to the consensus estimate of $178.82 million. Atlantic Union Bankshares had a net margin of 19.51% and a return on equity of 9.47%. During the same period last year, the company posted $0.63 earnings per share. On average, sell-side analysts anticipate that Atlantic Union Bankshares Co. will post 3.17 EPS for the current year.

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.