Renaissance Technologies LLC Grows Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Renaissance Technologies LLC boosted its holdings in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 146.4% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 301,095 shares of the company's stock after acquiring an additional 178,906 shares during the period. Renaissance Technologies LLC owned 0.34% of Atlantic Union Bankshares worth $11,405,000 at the end of the most recent reporting period.

Several other hedge funds have also bought and sold shares of AUB. GAMMA Investing LLC lifted its holdings 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 valued at $50,000 after purchasing an additional 284 shares during the last quarter. HighPoint Advisor Group LLC increased its position in Atlantic Union Bankshares by 5.2% during the 4th quarter. HighPoint Advisor Group LLC now owns 6,292 shares of the company's stock valued at $244,000 after buying an additional 312 shares in the last quarter. Atria Investments Inc raised 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 valued at $221,000 after buying an additional 326 shares during the last quarter. Pettyjohn Wood & White Inc. boosted its holdings in Atlantic Union Bankshares by 5.2% in the fourth quarter. Pettyjohn Wood & White Inc. now owns 8,625 shares of the company's stock worth $327,000 after acquiring an additional 425 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of Atlantic Union Bankshares by 1.3% in the third quarter. Stifel Financial Corp now owns 32,485 shares of the company's stock worth $1,224,000 after acquiring an additional 428 shares during the last quarter. Institutional investors own 78.58% of the company's stock.

Atlantic Union Bankshares Stock Performance

Shares of NASDAQ AUB traded down $0.09 during midday trading on Friday, hitting $24.65. 1,301,094 shares of the company's stock traded hands, compared to its average volume of 859,634. The firm has a fifty day moving average of $31.36 and a 200 day moving average of $36.36. Atlantic Union Bankshares Co. has a 1 year low of $22.85 and a 1 year 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 has a market capitalization of $2.22 billion, a price-to-earnings ratio of 10.76 and a beta of 0.80.

Atlantic Union Bankshares Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were given a $0.34 dividend. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 5.52%. Atlantic Union Bankshares's payout ratio is presently 59.39%.

Analyst Ratings Changes

Several analysts have commented on the company. Hovde Group cut their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating on the stock in a research note on Monday, March 17th. Keefe, Bruyette & Woods reduced their price objective on 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. Piper Sandler assumed coverage on shares of Atlantic Union Bankshares in a report on Monday, January 13th. They set an "overweight" rating and a $51.00 price target on the stock. Finally, Morgan Stanley assumed coverage on shares of Atlantic Union Bankshares in a research note on Wednesday, April 9th. They issued an "equal weight" rating and a $32.00 price target for the company. Two investment analysts have rated the stock with a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $41.33.

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.