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

Wesbanco Bank Inc. raised its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 37.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,700 shares of the company’s stock after purchasing an additional 17,035 shares during the period. Wesbanco Bank Inc. owned 0.07% of Atlantic Union Bankshares worth $2,375,000 at the end of the most recent quarter.

Several other large investors also recently modified their holdings of AUB. GAMMA Investing LLC grew its holdings in Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company’s stock valued at $50,000 after buying an additional 284 shares in the last quarter. Nomura Asset Management Co. Ltd. grew its stake in shares of Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock valued at $35,000 after acquiring an additional 410 shares in the last quarter. Stifel Financial Corp increased its position in Atlantic Union Bankshares by 1.3% during the third quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after acquiring an additional 428 shares during the period. Oppenheimer & Co. Inc. raised its stake in Atlantic Union Bankshares by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company’s stock worth $325,000 after purchasing an additional 450 shares in the last quarter. Finally, UMB Bank n.a. boosted its holdings in Atlantic Union Bankshares by 77.7% in the 3rd quarter. UMB Bank n.a. now owns 1,105 shares of the company’s stock valued at $42,000 after purchasing an additional 483 shares during the period. 78.58% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several brokerages have recently commented on AUB. Raymond James lowered their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an “outperform” rating on the stock in a report on Wednesday, October 2nd. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective on the stock. Finally, Keefe, Bruyette & Woods upped their target price on 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 equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $44.60.

Atlantic Union Bankshares Trading Down 3.4 %

Shares of AUB stock opened at $36.60 on Friday. 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 fifty-two week low of $30.43 and a fifty-two week high of $44.54. The company has a market cap of $3.29 billion, a PE ratio of 13.10 and a beta of 0.93. The stock’s fifty day moving average price is $39.55 and its two-hundred day moving average price is $38.65.

Atlantic Union Bankshares (NASDAQ:AUB) last released its earnings results on Monday, October 21st. The company reported $0.83 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.82 by $0.01. Atlantic Union Bankshares had a return on equity of 8.85% and a net margin of 16.25%. The firm had revenue of $358.81 million for the quarter, compared to analysts’ expectations of $226.70 million. During the same quarter in the previous year, the business posted $0.80 earnings per share. Equities analysts predict that Atlantic Union Bankshares Co. will post 2.9 EPS for the current fiscal 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.