Atlantic Union Bankshares Co. (NASDAQ:AUB) is Tributary Capital Management LLC's 8th Largest Position

Tributary Capital Management LLC increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 17.8% in the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 705,842 shares of the company's stock after buying an additional 106,543 shares during the quarter. Atlantic Union Bankshares accounts for about 2.1% of Tributary Capital Management LLC's holdings, making the stock its 8th biggest holding. Tributary Capital Management LLC owned approximately 0.79% of Atlantic Union Bankshares worth $26,737,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Renaissance Technologies LLC bought a new stake in Atlantic Union Bankshares during the 2nd quarter worth approximately $4,096,000. Amalgamated Bank lifted its holdings in Atlantic Union Bankshares by 14.9% during the 2nd quarter. Amalgamated Bank now owns 27,402 shares of the company's stock worth $900,000 after buying an additional 3,553 shares during the period. Sei Investments Co. grew its position in shares of Atlantic Union Bankshares by 62.7% in the 2nd quarter. Sei Investments Co. now owns 261,634 shares of the company's stock valued at $8,595,000 after buying an additional 100,859 shares during the last quarter. Thrivent Financial for Lutherans increased its stake in shares of Atlantic Union Bankshares by 17.0% in the second quarter. Thrivent Financial for Lutherans now owns 80,039 shares of the company's stock valued at $2,629,000 after buying an additional 11,601 shares during the period. Finally, Profund Advisors LLC raised its position in shares of Atlantic Union Bankshares by 32.2% during the second quarter. Profund Advisors LLC now owns 7,703 shares of the company's stock worth $253,000 after acquiring an additional 1,876 shares during the last quarter. Institutional investors own 78.58% of the company's stock.

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on AUB shares. Keefe, Bruyette & Woods lifted their target price on shares of Atlantic Union Bankshares from $42.00 to $46.00 and gave the stock a "market perform" rating in a research note on Friday, November 22nd. Raymond James cut their target price on shares of Atlantic Union Bankshares from $45.00 to $41.00 and set an "outperform" rating on the stock in a research note on Wednesday, October 2nd. Finally, 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 target for the company. One research analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares has an average rating of "Moderate Buy" and a consensus price target of $44.60.

Atlantic Union Bankshares Stock Down 0.2 %

Shares of NASDAQ:AUB traded down $0.07 during trading on Friday, reaching $36.50. 846,502 shares of the stock were exchanged, compared to its average volume of 719,099. The stock has a fifty day moving average of $39.43 and a two-hundred day moving average of $38.71. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.90 and a quick ratio of 0.90. The firm has a market cap of $3.28 billion, a price-to-earnings ratio of 15.15 and a beta of 0.93.

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.