525,520 Shares in Atlantic Union Bankshares Co. (NASDAQ:AUB) Acquired by Neumeier Poma Investment Counsel LLC

Neumeier Poma Investment Counsel LLC purchased a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the fourth quarter, according to its most recent filing with the SEC. The fund purchased 525,520 shares of the company's stock, valued at approximately $19,907,000. Atlantic Union Bankshares comprises about 1.9% of Neumeier Poma Investment Counsel LLC's portfolio, making the stock its 25th largest holding. Neumeier Poma Investment Counsel LLC owned approximately 0.59% of Atlantic Union Bankshares as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of the stock. GAMMA Investing LLC increased its holdings in shares of Atlantic Union Bankshares by 27.3% in the 4th quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after buying an additional 284 shares during the last quarter. Atria Investments Inc increased its stake in Atlantic Union Bankshares by 5.9% during the fourth quarter. Atria Investments Inc now owns 5,834 shares of the company's stock worth $221,000 after acquiring an additional 326 shares during the last quarter. Nomura Asset Management Co. Ltd. raised its position in Atlantic Union Bankshares by 78.8% during the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock valued at $35,000 after purchasing an additional 410 shares during the period. Pettyjohn Wood & White Inc. raised its holdings in Atlantic Union Bankshares by 5.2% during the 4th quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock valued at $327,000 after buying an additional 425 shares during the period. Finally, Stifel Financial Corp raised its holdings in Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock valued at $1,224,000 after buying an additional 428 shares during the period. Hedge funds and other institutional investors own 78.58% of the company's stock.

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Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on AUB. Piper Sandler initiated coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They issued an "overweight" rating and a $51.00 price target on the stock. Hovde Group cut their price target on shares of Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a report on Monday, March 17th. Finally, Keefe, Bruyette & Woods decreased their price objective on shares of Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating for the company in a report on Thursday, January 30th. One equities research analyst has rated the stock with a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $43.20.

Atlantic Union Bankshares Stock Performance

AUB stock opened at $31.06 on Tuesday. 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 company has a market capitalization of $2.80 billion, a P/E ratio of 13.56 and a beta of 0.91. The business has a 50-day moving average price of $35.26 and a 200 day moving average price of $37.71. Atlantic Union Bankshares Co. has a 1-year low of $29.89 and a 1-year high of $44.54.

Atlantic Union Bankshares Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors 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 4.38%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio (DPR) is 59.39%.

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.