Landscape Capital Management L.L.C. Purchases Shares of 19,803 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Landscape Capital Management L.L.C. bought a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 19,803 shares of the company's stock, valued at approximately $750,000.

Other large investors have also bought and sold shares of the company. Wesbanco Bank Inc. grew its position in Atlantic Union Bankshares by 37.3% in the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company's stock valued at $2,375,000 after purchasing an additional 17,035 shares during the period. Sandy Spring Bank lifted its holdings in shares of Atlantic Union Bankshares by 598.2% in the fourth quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock valued at $1,464,000 after purchasing an additional 33,118 shares in the last quarter. Stifel Financial Corp boosted its position in shares of Atlantic Union Bankshares by 1.3% during the third quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock valued at $1,224,000 after buying an additional 428 shares during the last quarter. Raymond James Financial Inc. bought a new position in Atlantic Union Bankshares during the 4th quarter valued at $6,923,000. Finally, Vanguard Group Inc. grew its stake in shares of Atlantic Union Bankshares by 0.3% in the 4th quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock worth $414,926,000 after acquiring an additional 27,604 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Piper Sandler began coverage on shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 price objective for the company. Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a research note on Wednesday. They issued an "equal weight" rating and a $32.00 target price on the stock. Keefe, Bruyette & Woods decreased their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. Finally, Hovde Group reduced their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $41.33.

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Atlantic Union Bankshares Price Performance

Shares of Atlantic Union Bankshares stock traded down $0.05 on Friday, reaching $23.84. The stock had a trading volume of 1,940,983 shares, compared to its average volume of 837,731. The business's 50 day moving average is $32.76 and its two-hundred day moving average is $36.79. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year high of $44.54. The company has a market cap of $2.15 billion, a P/E ratio of 10.41 and a beta of 0.80.

Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.70%. Atlantic Union Bankshares's dividend payout ratio (DPR) is presently 59.39%.

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.