Amundi boosted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 186.8% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 45,328 shares of the company's stock after buying an additional 29,522 shares during the period. Amundi owned approximately 0.05% of Atlantic Union Bankshares worth $1,654,000 at the end of the most recent reporting period.
A number of other large investors have also added to or reduced their stakes in AUB. R Squared Ltd bought a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at $28,000. Nomura Asset Management Co. Ltd. boosted its position in shares of Atlantic Union Bankshares by 78.8% in the third 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 period. Smartleaf Asset Management LLC boosted its stake in Atlantic Union Bankshares by 186.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock worth $41,000 after purchasing an additional 699 shares during the period. GAMMA Investing LLC increased its holdings in shares of Atlantic Union Bankshares by 27.3% in the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after purchasing an additional 284 shares during the last quarter. Finally, Quest Partners LLC purchased a new stake in Atlantic Union Bankshares during the third quarter valued at $56,000. Hedge funds and other institutional investors own 78.58% of the company's stock.
Analyst Ratings Changes
Several research firms have recently issued reports on AUB. Keefe, Bruyette & Woods lowered 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 report on Thursday, January 30th. Piper Sandler assumed 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. Finally, Hovde Group decreased 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 report on Monday. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, Atlantic Union Bankshares currently has a consensus rating of "Moderate Buy" and an average price target of $43.20.
Read Our Latest Analysis on Atlantic Union Bankshares
Atlantic Union Bankshares Trading Down 0.9 %
NASDAQ:AUB traded down $0.30 during trading hours on Friday, hitting $31.99. The company had a trading volume of 3,202,635 shares, compared to its average volume of 680,030. The company has a 50-day moving average of $36.01 and a 200 day moving average of $38.01. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market cap of $2.87 billion, a P/E ratio of 13.97 and a beta of 0.91.
Atlantic Union Bankshares Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.25%. Atlantic Union Bankshares's dividend payout ratio is currently 59.39%.
Atlantic Union Bankshares Profile
(
Free Report)
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.
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