Quantbot Technologies LP Buys Shares of 68,759 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Quantbot Technologies LP acquired a new stake in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund acquired 68,759 shares of the company's stock, valued at approximately $2,605,000. Quantbot Technologies LP owned 0.08% 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 made changes to their positions in the company. R Squared Ltd acquired a new position in Atlantic Union Bankshares during the fourth quarter worth $28,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of Atlantic Union Bankshares by 78.8% in the 3rd 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 in the last quarter. Smartleaf Asset Management LLC boosted its position in Atlantic Union Bankshares by 186.4% during the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company's stock worth $41,000 after purchasing an additional 699 shares during the period. GAMMA Investing LLC lifted its position in shares of Atlantic Union Bankshares by 27.3% during the fourth quarter. GAMMA Investing LLC now owns 1,325 shares of the company's stock worth $50,000 after purchasing an additional 284 shares in the last quarter. Finally, Quest Partners LLC purchased a new position in Atlantic Union Bankshares in the third quarter valued at about $56,000. 78.58% of the stock is currently owned by institutional investors and hedge funds.

Atlantic Union Bankshares Stock Down 0.9 %

Shares of NASDAQ AUB traded down $0.27 during mid-day trading on Thursday, reaching $31.63. 1,412,929 shares of the company traded hands, compared to its average volume of 695,370. The company's fifty day moving average is $35.66 and its two-hundred day moving average is $37.83. The company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. Atlantic Union Bankshares Co. has a fifty-two week low of $30.43 and a fifty-two week high of $44.54. The stock has a market cap of $2.84 billion, a PE ratio of 13.81 and a beta of 0.91.

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Atlantic Union Bankshares Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 4.30%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares's dividend payout ratio is currently 59.39%.

Analysts Set New Price Targets

AUB has been the topic of a number of recent research reports. Keefe, Bruyette & Woods cut 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 report on Thursday, January 30th. Hovde Group decreased their price target 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. Finally, Piper Sandler initiated coverage on shares of 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. One research analyst has rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $43.20.

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.