Atlantic Union Bankshares Co. (NASDAQ:AUB) Holdings Lifted by Alliancebernstein L.P.

Alliancebernstein L.P. grew its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 315.6% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,520 shares of the company's stock after acquiring an additional 335,283 shares during the quarter. Alliancebernstein L.P. owned approximately 0.49% of Atlantic Union Bankshares worth $16,725,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also made changes to their positions in the company. R Squared Ltd bought a new position in Atlantic Union Bankshares in the fourth quarter worth about $28,000. Nomura Asset Management Co. Ltd. lifted its holdings in shares of Atlantic Union Bankshares by 78.8% in the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock worth $35,000 after purchasing an additional 410 shares during the last quarter. Smartleaf Asset Management LLC boosted its position in Atlantic Union Bankshares by 186.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock valued at $41,000 after purchasing an additional 699 shares during the period. GAMMA Investing LLC grew its stake in Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after buying an additional 284 shares during the last quarter. Finally, Venturi Wealth Management LLC bought a new position in Atlantic Union Bankshares during the 4th quarter worth $91,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on AUB shares. Morgan Stanley began coverage on shares of Atlantic Union Bankshares in a report on Wednesday, April 9th. They set an "equal weight" rating and a $32.00 price target for the company. Keefe, Bruyette & Woods reduced their target price 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. Hovde Group dropped their price target 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, Piper Sandler started coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an "overweight" rating and a $51.00 price target on the stock. Two analysts have rated the stock with a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $41.33.

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Atlantic Union Bankshares Price Performance

Atlantic Union Bankshares stock traded up $0.30 during trading hours on Monday, hitting $24.15. 140,559 shares of the company traded hands, compared to its average volume of 837,087. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The firm has a market cap of $2.18 billion, a P/E ratio of 10.54 and a beta of 0.80. The firm's 50-day simple moving average is $32.76 and its two-hundred day simple moving average is $36.79. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13.

Atlantic Union Bankshares Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.34 per share. The ex-dividend date was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 5.63%. Atlantic Union Bankshares's dividend payout ratio is presently 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.