GW&K Investment Management LLC Purchases 309,519 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

GW&K Investment Management LLC increased its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 24.9% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 1,553,719 shares of the company's stock after purchasing an additional 309,519 shares during the period. GW&K Investment Management LLC owned approximately 1.73% of Atlantic Union Bankshares worth $58,855,000 at the end of the most recent quarter.

Other institutional investors have also added to or reduced their stakes in the company. Proficio Capital Partners LLC acquired a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at about $392,000. Oppenheimer Asset Management Inc. increased its holdings in Atlantic Union Bankshares by 26.8% during the 4th quarter. Oppenheimer Asset Management Inc. now owns 30,180 shares of the company's stock worth $1,143,000 after purchasing an additional 6,373 shares in the last quarter. Bank of New York Mellon Corp raised its stake in shares of Atlantic Union Bankshares by 0.3% in the fourth quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company's stock worth $40,795,000 after purchasing an additional 2,861 shares during the last quarter. Peregrine Capital Management LLC bought a new position in shares of Atlantic Union Bankshares in the fourth quarter valued at approximately $6,016,000. Finally, Venturi Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at approximately $91,000. 78.58% of the stock is owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB traded down $0.72 during mid-day trading on Tuesday, reaching $34.41. 1,051,358 shares of the company's stock were exchanged, compared to its average volume of 628,304. The firm has a 50-day moving average price of $37.24 and a two-hundred day moving average price of $38.52. 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 firm has a market capitalization of $3.09 billion, a price-to-earnings ratio of 15.03 and a beta of 0.92. Atlantic Union Bankshares Co. has a 52 week low of $30.43 and a 52 week high of $44.54.

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Atlantic Union Bankshares Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a yield of 3.95%. The ex-dividend date of this dividend was Friday, February 14th. Atlantic Union Bankshares's payout ratio is 59.39%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Piper Sandler started coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 price objective on the stock. Keefe, Bruyette & Woods dropped 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 research report on Thursday, January 30th. Finally, Hovde Group reduced their price objective on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an "outperform" rating for the company in a research report on Monday, January 27th. One analyst has rated the stock with a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $44.40.

Atlantic Union Bankshares 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.