Raymond James Financial Inc. Buys Shares of 182,755 Atlantic Union Bankshares Co. (NASDAQ:AUB)

Raymond James Financial Inc. acquired a new position in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to its most recent 13F filing with the SEC. The fund acquired 182,755 shares of the company's stock, valued at approximately $6,923,000. Raymond James Financial Inc. owned about 0.20% of Atlantic Union Bankshares at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. State Street Corp grew its holdings in shares of 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 buying an additional 130,104 shares in the last quarter. Geode Capital Management LLC boosted its position in Atlantic Union Bankshares by 0.7% during the third quarter. Geode Capital Management LLC now owns 2,065,862 shares of the company's stock worth $77,836,000 after acquiring an additional 14,823 shares during the last quarter. Franklin Resources Inc. grew its stake in Atlantic Union Bankshares by 20.0% in the 3rd quarter. Franklin Resources Inc. now owns 1,621,527 shares of the company's stock worth $62,607,000 after acquiring an additional 270,470 shares during the period. GW&K Investment Management LLC raised its holdings in Atlantic Union Bankshares by 24.9% in the 4th quarter. GW&K Investment Management LLC now owns 1,553,719 shares of the company's stock valued at $58,855,000 after acquiring an additional 309,519 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Atlantic Union Bankshares by 0.3% in the 4th quarter. Bank of New York Mellon Corp now owns 1,076,953 shares of the company's stock valued at $40,795,000 after acquiring an additional 2,861 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company's stock.

Remove Ads

Analysts Set New Price Targets

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

Atlantic Union Bankshares Stock Down 0.9 %

Shares of NASDAQ:AUB traded down $0.27 during trading on Thursday, hitting $31.63. The company's stock had a trading volume of 1,412,929 shares, compared to its average volume of 695,370. The company has a market capitalization of $2.84 billion, a PE ratio of 13.81 and a beta 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 company has a debt-to-equity ratio of 0.13, a quick ratio of 0.91 and a current ratio of 0.91. The stock's 50-day moving average price is $35.66 and its two-hundred day moving average price is $37.83.

Atlantic Union Bankshares Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid 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 4.30%. Atlantic Union Bankshares's dividend payout ratio (DPR) is 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.