Ghisallo Capital Management LLC Purchases Shares of 100,000 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Ghisallo Capital Management LLC purchased a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 100,000 shares of the company's stock, valued at approximately $3,788,000. Ghisallo Capital Management LLC owned about 0.11% of Atlantic Union Bankshares as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. North Reef Capital Management LP bought a new stake in Atlantic Union Bankshares during the 4th quarter valued at $78,942,000. American Century Companies Inc. raised its position 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 in the last quarter. Allspring Global Investments Holdings LLC raised its position in Atlantic Union Bankshares by 275.4% during the 4th quarter. Allspring Global Investments Holdings LLC now owns 1,031,898 shares of the company's stock valued at $38,129,000 after purchasing an additional 757,014 shares in the last quarter. Schroder Investment Management Group bought a new stake in Atlantic Union Bankshares during the 4th quarter valued at $25,490,000. Finally, Neumeier Poma Investment Counsel LLC bought a new stake in Atlantic Union Bankshares during the 4th quarter valued at $19,907,000. 78.58% of the stock is owned by institutional investors.

Atlantic Union Bankshares Stock Up 1.4 %

AUB stock traded up $0.38 on Tuesday, hitting $27.87. 1,480,146 shares of the company's stock were exchanged, compared to its average volume of 919,863. Atlantic Union Bankshares Co. has a 12-month low of $22.85 and a 12-month high of $44.54. The firm has a 50 day moving average price of $29.99 and a two-hundred day moving average price of $35.92. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $2.51 billion, a P/E ratio of 12.17 and a beta of 0.80.

Atlantic Union Bankshares Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were paid a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 4.88%. Atlantic Union Bankshares's dividend payout ratio (DPR) is 62.10%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on AUB. Hovde Group decreased 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. Morgan Stanley began coverage on Atlantic Union Bankshares in a research report on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price target for the company. Keefe, Bruyette & Woods reduced their price target on Atlantic Union Bankshares from $40.00 to $33.00 and set a "market perform" rating for the company in a research report on Monday. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an "overweight" rating and a $51.00 price target for the company. Two equities research analysts have rated the stock with a hold rating and three have given 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 price target of $39.40.

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.