Fisher Asset Management LLC Increases Stock Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Fisher Asset Management LLC boosted its position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 17.3% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 385,253 shares of the company's stock after purchasing an additional 56,850 shares during the period. Fisher Asset Management LLC owned about 0.43% of Atlantic Union Bankshares worth $14,593,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of the business. Creative Planning increased its holdings in shares of Atlantic Union Bankshares by 20.5% in the 3rd quarter. Creative Planning now owns 13,159 shares of the company's stock worth $496,000 after buying an additional 2,240 shares during the last quarter. Atria Investments Inc bought a new stake in shares of Atlantic Union Bankshares in the third quarter valued at about $207,000. Versor Investments LP bought a new position in shares of Atlantic Union Bankshares during the third quarter valued at approximately $203,000. Oppenheimer & Co. Inc. raised its position in shares of Atlantic Union Bankshares by 5.5% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 8,616 shares of the company's stock worth $325,000 after acquiring an additional 450 shares in the last quarter. Finally, Natixis Advisors LLC lifted its position in shares of Atlantic Union Bankshares by 24.2% during the third quarter. Natixis Advisors LLC now owns 60,782 shares of the company's stock valued at $2,290,000 after buying an additional 11,832 shares during the last quarter. Institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Down 0.8 %

Shares of NASDAQ AUB traded down $0.28 during mid-day trading on Friday, hitting $33.15. The company had a trading volume of 1,152,042 shares, compared to its average volume of 638,230. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a 1-year low of $30.43 and a 1-year high of $44.54. The company has a market capitalization of $2.98 billion, a PE ratio of 14.47 and a beta of 0.91. The business's 50-day simple moving average is $36.98 and its 200 day simple moving average is $38.44.

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Atlantic Union Bankshares Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were given 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 4.10%. Atlantic Union Bankshares's dividend payout ratio is currently 59.39%.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on AUB shares. Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an "overweight" rating and a $51.00 target price on the stock. Hovde Group reduced their price objective on Atlantic Union Bankshares from $47.00 to $46.00 and set an "outperform" rating for the company in a research note on Monday, January 27th. Finally, Keefe, Bruyette & Woods lowered their price target on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a report on Thursday, January 30th. One analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to MarketBeat, Atlantic Union Bankshares presently has an average rating of "Moderate Buy" and an average target price of $44.40.

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.