AlphaQuest LLC Has $553,000 Stock Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

AlphaQuest LLC grew its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 883.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 14,607 shares of the company's stock after acquiring an additional 13,122 shares during the period. AlphaQuest LLC's holdings in Atlantic Union Bankshares were worth $553,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. R Squared Ltd acquired a new position in Atlantic Union Bankshares during the 4th quarter worth $28,000. Nomura Asset Management Co. Ltd. lifted its stake 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 valued at $35,000 after purchasing an additional 410 shares during the period. Smartleaf Asset Management LLC lifted its stake in shares of Atlantic Union Bankshares by 186.4% in 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 lifted its stake in shares of Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock valued at $50,000 after purchasing an additional 284 shares during the period. Finally, Quest Partners LLC acquired a new position in shares of Atlantic Union Bankshares in the 3rd quarter valued at $56,000. Institutional investors own 78.58% of the company's stock.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on AUB shares. Hovde Group cut their price target on Atlantic Union Bankshares from $47.00 to $46.00 and set an "outperform" rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods lowered their price objective on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research report on Thursday, January 30th. Finally, Piper Sandler started coverage on shares of Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an "overweight" rating and a $51.00 price objective for the company. One equities research 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 presently has an average rating of "Moderate Buy" and an average price target of $44.40.

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Atlantic Union Bankshares Stock Up 1.5 %

AUB stock traded up $0.48 during trading hours on Friday, reaching $32.39. 1,159,335 shares of the stock were exchanged, compared to its average volume of 657,802. The firm's 50-day moving average is $36.34 and its 200-day moving average is $38.19. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 14.14 and a beta of 0.91. 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 Co. has a 12 month low of $30.43 and a 12 month high of $44.54.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date was Friday, February 14th. 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.