Dimensional Fund Advisors LP Boosts Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Dimensional Fund Advisors LP raised its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 0.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,681,103 shares of the company's stock after buying an additional 31,082 shares during the quarter. Dimensional Fund Advisors LP owned about 6.33% of Atlantic Union Bankshares worth $215,201,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. American Century Companies Inc. boosted its stake in Atlantic Union Bankshares by 3,195.3% during the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company's stock valued at $40,004,000 after purchasing an additional 1,024,025 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its position in shares of Atlantic Union Bankshares by 275.4% during the fourth quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company's stock valued at $38,129,000 after buying an additional 757,014 shares during the last quarter. Schroder Investment Management Group bought a new stake in Atlantic Union Bankshares in the 4th quarter worth about $25,490,000. Neumeier Poma Investment Counsel LLC purchased a new position in Atlantic Union Bankshares in the 4th quarter worth about $19,907,000. Finally, Burkehill Global Management LP bought a new position in Atlantic Union Bankshares during the 4th quarter valued at about $18,940,000. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Trading Up 3.5 %

Shares of Atlantic Union Bankshares stock opened at $25.45 on Wednesday. Atlantic Union Bankshares Co. has a 1-year low of $22.85 and a 1-year high of $44.54. The company's fifty day simple moving average is $30.85 and its 200-day simple moving average is $36.20. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The stock has a market capitalization of $2.29 billion, a PE ratio of 11.11 and a beta of 0.80.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were issued a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a yield of 5.34%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio is presently 59.39%.

Analyst Ratings Changes

A number of analysts have recently commented on the stock. Morgan Stanley started coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price target for the company. Keefe, Bruyette & Woods decreased their target price on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a research note on Thursday, January 30th. Piper Sandler initiated coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an "overweight" rating and a $51.00 price target on the stock. Finally, Hovde Group cut their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a report on Monday, March 17th. Two equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Atlantic Union Bankshares currently has a consensus rating of "Moderate Buy" and an average price target of $41.33.

Atlantic Union Bankshares Company 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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