Natixis Advisors LLC Grows Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Natixis Advisors LLC boosted its stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 23.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 74,976 shares of the company's stock after acquiring an additional 14,194 shares during the period. Natixis Advisors LLC owned 0.08% of Atlantic Union Bankshares worth $2,840,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. State Street Corp raised its position in shares of Atlantic Union Bankshares by 3.0% in the 3rd quarter. State Street Corp now owns 4,492,014 shares of the company's stock worth $169,214,000 after acquiring an additional 130,104 shares in the last quarter. Geode Capital Management LLC increased its holdings in Atlantic Union Bankshares by 0.7% in the third quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company's stock worth $77,836,000 after purchasing an additional 14,823 shares in the last quarter. Franklin Resources Inc. lifted its stake in Atlantic Union Bankshares by 20.0% in the third quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company's stock valued at $62,607,000 after buying an additional 270,470 shares during the period. GW&K Investment Management LLC boosted its holdings in shares of Atlantic Union Bankshares by 24.9% during the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company's stock worth $58,855,000 after buying an additional 309,519 shares in the last quarter. Finally, Bank of New York Mellon Corp boosted its holdings in shares of Atlantic Union Bankshares by 0.3% during the 4th quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company's stock worth $40,795,000 after buying an additional 2,861 shares in the last quarter. 78.58% of the stock is currently owned by institutional investors.

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Analyst Ratings Changes

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

Atlantic Union Bankshares Stock Down 0.9 %

Shares of AUB traded down $0.27 during trading hours on Thursday, reaching $31.63. The stock had a trading volume of 1,412,929 shares, compared to its average volume of 695,370. The firm has a 50-day simple moving average of $35.66 and a 200 day simple moving average of $37.83. Atlantic Union Bankshares Co. has a 12 month low of $30.43 and a 12 month high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The company has a market capitalization of $2.84 billion, a price-to-earnings ratio of 13.81 and a beta of 0.91.

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 issued a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.30%. Atlantic Union Bankshares's dividend payout ratio is presently 59.39%.

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.