American Century Companies Inc. Buys 1,024,025 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

American Century Companies Inc. increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 3,195.3% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,056,073 shares of the company's stock after buying an additional 1,024,025 shares during the quarter. American Century Companies Inc. owned about 1.18% of Atlantic Union Bankshares worth $40,004,000 at the end of the most recent reporting period.

Other large investors have also recently added to or reduced their stakes in the company. Allspring Global Investments Holdings LLC boosted its holdings in shares of Atlantic Union Bankshares by 275.4% in the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company's stock valued at $38,129,000 after acquiring an additional 757,014 shares in the last quarter. Burkehill Global Management LP bought a new position in Atlantic Union Bankshares during the 4th quarter valued at $18,940,000. DAVENPORT & Co LLC increased its position in shares of Atlantic Union Bankshares by 526.5% during the 4th quarter. DAVENPORT & Co LLC now owns 444,691 shares of the company's stock valued at $16,834,000 after purchasing an additional 373,709 shares during the period. GW&K Investment Management LLC raised its stake in shares of Atlantic Union Bankshares by 24.9% in the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company's stock worth $58,855,000 after buying an additional 309,519 shares in the last quarter. Finally, Franklin Resources Inc. lifted its holdings in shares of Atlantic Union Bankshares by 20.0% in the third quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company's stock valued at $62,607,000 after buying an additional 270,470 shares during the period. 78.58% of the stock is currently owned by institutional investors and hedge funds.

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Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. Hovde Group lowered their price objective 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 shares of Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 target price for the company. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average target price of $43.20.

Atlantic Union Bankshares Trading Down 2.8 %

AUB stock traded down $0.88 during midday trading on Tuesday, reaching $30.26. The stock had a trading volume of 1,869,273 shares, compared to its average volume of 778,385. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. The firm has a market cap of $2.73 billion, a price-to-earnings ratio of 13.22 and a beta of 0.91. The business has a fifty day simple moving average of $35.10 and a two-hundred day simple moving average of $37.65. Atlantic Union Bankshares Co. has a twelve month low of $29.89 and a twelve month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 4.49%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio is currently 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.