Proficio Capital Partners LLC bought a new stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to its most recent filing with the SEC. The institutional investor bought 10,341 shares of the company's stock, valued at approximately $392,000.
Other institutional investors and hedge funds also recently made changes to their positions in the company. State Street Corp lifted its stake in Atlantic Union Bankshares by 3.0% during the third quarter. State Street Corp now owns 4,492,014 shares of the company's stock worth $169,214,000 after purchasing an additional 130,104 shares during the last quarter. Geode Capital Management LLC lifted its stake 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 valued at $77,836,000 after buying an additional 14,823 shares during 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 last quarter. Bank of New York Mellon Corp raised its stake in shares of Atlantic Union Bankshares by 0.3% during the fourth quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company's stock valued at $40,795,000 after purchasing an additional 2,861 shares in the last quarter. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Atlantic Union Bankshares by 275.4% during the fourth 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. 78.58% of the stock is currently owned by hedge funds and other institutional investors.
Wall Street Analyst Weigh In
A number of research analysts recently issued reports on the company. Keefe, Bruyette & Woods lowered their target price on 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. Piper Sandler assumed coverage on Atlantic Union Bankshares in a report on Monday, January 13th. They set an "overweight" rating and a $51.00 target price on the stock. Finally, Hovde Group lowered their target price on Atlantic Union Bankshares from $47.00 to $46.00 and set an "outperform" rating on the stock in a report on Monday, January 27th. One research analyst has rated the stock with a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $44.40.
Check Out Our Latest Stock Report on Atlantic Union Bankshares
Atlantic Union Bankshares Trading Up 1.5 %
AUB traded up $0.48 during trading on Friday, reaching $32.39. The company had a trading volume of 1,159,335 shares, compared to its average volume of 656,721. Atlantic Union Bankshares Co. has a 12-month low of $30.43 and a 12-month high of $44.54. The company has a market cap of $2.91 billion, a price-to-earnings ratio of 14.14 and a beta of 0.91. 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 firm's 50-day simple moving average is $36.53 and its 200 day simple moving average is $38.29.
Atlantic Union Bankshares Announces Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 4.20%. Atlantic Union Bankshares's payout ratio is presently 59.39%.
Atlantic Union Bankshares Profile
(
Free Report)
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.
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