Atlantic Union Bankshares
About: Atlantic Union Bankshares Corp is a financial holding company and a bank holding company. Through its community bank subsidiary, the company provides financial services, including banking, trust, and wealth management. The bank is a full-service community bank offering consumers and businesses a wide range of banking and related financial services, including checking, savings, certificates of deposit, and other depository services, as well as loans for commercial, industrial, residential mortgage, and consumer purposes. The company operates through two reportable operating segments: Wholesale Banking and Consumer Banking, with corporate support functions such as corporate treasury and others included in Corporate Other.
Employees: 1,804
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
185% more call options, than puts
Call options by funds: $296K | Put options by funds: $104K
80% more repeat investments, than reductions
Existing positions increased: 124 | Existing positions reduced: 69
1% more funds holding
Funds holding: 269 [Q1] → 272 (+3) [Q2]
9% more first-time investments, than exits
New positions opened: 38 | Existing positions closed: 35
4% more capital invested
Capital invested by funds: $2.08B [Q1] → $2.17B (+$87.3M) [Q2]
4.96% less ownership
Funds ownership: 78.59% [Q1] → 73.63% (-4.96%) [Q2]
100% less funds holding in top 10
Funds holding in top 10: 1 [Q1] → 0 (-1) [Q2]
Research analyst outlook
2 Wall Street Analysts provided 1 year price targets over the past 3 months
2 analyst ratings
Raymond James David Long 79% 1-year accuracy 19 / 24 met price target | 4%upside $41 | Outperform Maintained | 2 Oct 2024 |
Keefe, Bruyette & Woods Catherine Mealor 73% 1-year accuracy 11 / 15 met price target | 4%downside $38 | Market Perform Maintained | 29 Jul 2024 |