Atlantic Union Bankshares Corp Has $16.71 Million Holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Atlantic Union Bankshares Corp lessened its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 10.9% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 441,176 shares of the company's stock after selling 53,745 shares during the quarter. Atlantic Union Bankshares makes up 1.0% of Atlantic Union Bankshares Corp's holdings, making the stock its 21st biggest position. Atlantic Union Bankshares Corp owned about 0.49% of Atlantic Union Bankshares worth $16,712,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. Atria Investments Inc acquired a new stake in Atlantic Union Bankshares during the 3rd quarter valued at $207,000. Versor Investments LP acquired a new stake in Atlantic Union Bankshares during the 3rd quarter valued at $203,000. Oppenheimer & Co. Inc. lifted its holdings in Atlantic Union Bankshares by 5.5% during the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company's stock valued at $325,000 after purchasing an additional 450 shares during the last quarter. Natixis Advisors LLC lifted its holdings in Atlantic Union Bankshares by 24.2% during the 3rd quarter. Natixis Advisors LLC now owns 60,782 shares of the company's stock valued at $2,290,000 after purchasing an additional 11,832 shares during the last quarter. Finally, Quest Partners LLC acquired a new stake in Atlantic Union Bankshares during the 3rd quarter valued at $56,000. Institutional investors and hedge funds own 78.58% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on the company. Hovde Group lowered their price objective on Atlantic Union Bankshares from $47.00 to $46.00 and set an "outperform" rating on the stock in a research report on Monday, January 27th. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an "overweight" rating and a $51.00 price target on the stock. Finally, Keefe, Bruyette & Woods decreased their price target on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research report on Thursday, January 30th. One investment analyst has rated the stock with a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $44.40.

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Atlantic Union Bankshares Stock Performance

Atlantic Union Bankshares stock opened at $33.15 on Friday. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54. 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 business's 50-day moving average price is $36.98 and its two-hundred day moving average price is $38.44. The stock has a market cap of $2.98 billion, a PE ratio of 14.47 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. Stockholders of record on Friday, February 14th were paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.10%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's payout ratio is 59.39%.

Atlantic Union Bankshares 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.

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