StoneX Group Inc. Buys New Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

StoneX Group Inc. acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 25,017 shares of the company's stock, valued at approximately $948,000.

Other large investors have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its position in shares of Atlantic Union Bankshares by 3,195.3% in the fourth quarter. American Century Companies Inc. now owns 1,056,073 shares of the company's stock valued at $40,004,000 after acquiring an additional 1,024,025 shares during the period. Allspring Global Investments Holdings LLC grew its position in shares of Atlantic Union Bankshares by 275.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company's stock valued at $38,129,000 after purchasing an additional 757,014 shares in the last quarter. Schroder Investment Management Group bought a new position in shares of Atlantic Union Bankshares in the fourth quarter worth $25,490,000. Neumeier Poma Investment Counsel LLC purchased a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth $19,907,000. Finally, Burkehill Global Management LP bought a new stake in Atlantic Union Bankshares during the fourth quarter valued at $18,940,000. Institutional investors own 78.58% of the company's stock.

Analysts Set New Price Targets

Several research firms have weighed in on AUB. Piper Sandler assumed coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They issued an "overweight" rating and a $51.00 price target on the stock. Hovde Group lowered their target price on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Finally, Keefe, Bruyette & Woods cut their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.20.

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Atlantic Union Bankshares Trading Down 6.7 %

Atlantic Union Bankshares stock traded down $1.84 during mid-day trading on Friday, hitting $25.44. The company's stock had a trading volume of 2,505,507 shares, compared to its average volume of 788,770. The business has a 50 day moving average price of $34.55 and a 200-day moving average price of $37.44. Atlantic Union Bankshares Co. has a 12 month low of $24.71 and a 12 month high of $44.54. The stock has a market cap of $2.29 billion, a price-to-earnings ratio of 11.11 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 5.35%. Atlantic Union Bankshares's payout ratio is currently 59.39%.

About Atlantic Union Bankshares

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.