Charles Schwab Investment Management Inc. grew its position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 8.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,054,113 shares of the company's stock after acquiring an additional 80,633 shares during the quarter. Charles Schwab Investment Management Inc. owned about 1.17% of Atlantic Union Bankshares worth $39,930,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other institutional investors also recently modified their holdings of the company. GAMMA Investing LLC increased its holdings in Atlantic Union Bankshares by 27.3% during the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after purchasing an additional 284 shares in the last quarter. Nomura Asset Management Co. Ltd. raised its position in 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 buying an additional 410 shares during the last quarter. Pettyjohn Wood & White Inc. raised its position in Atlantic Union Bankshares by 5.2% in the 4th quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock valued at $327,000 after buying an additional 425 shares during the last quarter. Stifel Financial Corp boosted its holdings in Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock worth $1,224,000 after acquiring an additional 428 shares during the last quarter. Finally, CIBC Asset Management Inc grew its stake in shares of Atlantic Union Bankshares by 5.2% in the 4th quarter. CIBC Asset Management Inc now owns 8,731 shares of the company's stock worth $331,000 after acquiring an additional 431 shares in the last quarter. 78.58% of the stock is owned by institutional investors and hedge funds.
Analyst Ratings Changes
A number of research analysts recently weighed in on the stock. Hovde Group dropped their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research report on Monday. Piper Sandler initiated coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an "overweight" rating and a $51.00 price objective for the company. Finally, 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 on the stock in a research report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, Atlantic Union Bankshares presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.20.
Get Our Latest Report on AUB
Atlantic Union Bankshares Stock Performance
Shares of AUB stock traded down $0.01 on Wednesday, hitting $32.66. 426,776 shares of the stock were exchanged, compared to its average volume of 663,592. The firm's 50 day moving average is $36.17 and its two-hundred day moving average is $38.09. Atlantic Union Bankshares Co. has a one year low of $30.43 and a one 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 firm has a market capitalization of $2.93 billion, a PE ratio of 14.27 and a beta of 0.91.
Atlantic Union Bankshares Announces Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.16%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares's payout ratio is currently 59.39%.
Atlantic Union Bankshares Company Profile
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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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