Bryce Point Capital LLC bought a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor bought 12,097 shares of the company's stock, valued at approximately $458,000.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Vanguard Group Inc. grew its holdings in Atlantic Union Bankshares by 0.3% during the 4th quarter. Vanguard Group Inc. now owns 10,953,700 shares of the company's stock worth $414,926,000 after acquiring an additional 27,604 shares during the last quarter. State Street Corp raised its position in Atlantic Union Bankshares by 3.0% in the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company's stock valued at $169,214,000 after buying an additional 130,104 shares during the last quarter. Geode Capital Management LLC grew its position in Atlantic Union Bankshares by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company's stock valued at $77,836,000 after buying an additional 14,823 shares during the period. Franklin Resources Inc. boosted its position in Atlantic Union Bankshares by 2.8% during the fourth quarter. Franklin Resources Inc. now owns 1,667,196 shares of the company's stock worth $63,153,000 after purchasing an additional 45,669 shares during the period. Finally, GW&K Investment Management LLC lifted its stake in 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 purchasing an additional 309,519 shares in the last quarter. Institutional investors and hedge funds own 78.58% of the company's stock.
Atlantic Union Bankshares Price Performance
AUB traded down $2.70 during trading hours on Thursday, hitting $23.67. The company's stock had a trading volume of 636,904 shares, compared to its average volume of 823,250. The business's 50-day moving average price is $33.31 and its 200-day moving average price is $36.98. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 12 month low of $23.36 and a 12 month high of $44.54. The stock has a market cap of $2.13 billion, a price-to-earnings ratio of 10.27 and a beta of 0.80.
Atlantic Union Bankshares Announces Dividend
The company also recently disclosed 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 annualized dividend and a yield of 5.75%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's payout ratio is currently 59.39%.
Wall Street Analysts Forecast Growth
AUB has been the subject of a number of recent research reports. Hovde Group dropped their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday, March 17th. Keefe, Bruyette & Woods cut their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research note on Thursday, January 30th. Morgan Stanley initiated coverage on Atlantic Union Bankshares in a research note on Wednesday. They issued an "equal weight" rating and a $32.00 price target on the stock. Finally, Piper Sandler assumed coverage on 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. Two investment analysts have rated the stock with a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $41.33.
View Our Latest Analysis on Atlantic Union Bankshares
About Atlantic Union Bankshares
(
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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