Cibc World Markets Corp Invests $317,000 in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Cibc World Markets Corp acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 8,369 shares of the company's stock, valued at approximately $317,000.

A number of other large investors have also recently made changes to their positions in AUB. R Squared Ltd bought a new stake in Atlantic Union Bankshares during the fourth quarter worth $28,000. Nomura Asset Management Co. Ltd. boosted its holdings in Atlantic Union Bankshares by 78.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock worth $35,000 after acquiring an additional 410 shares during the last quarter. Smartleaf Asset Management LLC grew 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 worth $41,000 after acquiring an additional 699 shares in the last quarter. GAMMA Investing LLC raised its holdings in shares of Atlantic Union Bankshares by 27.3% in the fourth 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 last quarter. Finally, Quest Partners LLC purchased a new stake in shares of Atlantic Union Bankshares in the third quarter valued at about $56,000. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Stock Performance

NASDAQ AUB traded down $0.99 during trading hours on Friday, reaching $30.69. 1,361,628 shares of the company were exchanged, compared to its average volume of 737,174. The stock has a market capitalization of $2.76 billion, a P/E ratio of 13.40 and a beta of 0.91. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 1 year low of $30.31 and a 1 year high of $44.54. The business's 50 day simple moving average is $35.54 and its 200-day simple moving average is $37.79.

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Atlantic Union Bankshares Dividend Announcement

The business 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. The ex-dividend date was Friday, February 14th. This represents a $1.36 annualized dividend and a dividend yield of 4.43%. Atlantic Union Bankshares's payout ratio is currently 59.39%.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on AUB shares. Keefe, Bruyette & Woods reduced 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. Hovde Group cut their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Finally, Piper Sandler started coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an "overweight" rating and a $51.00 price target for the company. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, Atlantic Union Bankshares has an average rating of "Moderate Buy" and an average price target of $43.20.

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.