Schroder Investment Management Group acquired a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 673,451 shares of the company's stock, valued at approximately $25,490,000. Schroder Investment Management Group owned 0.75% of Atlantic Union Bankshares as of its most recent filing with the Securities and Exchange Commission.
Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new position in shares of Atlantic Union Bankshares during the fourth quarter valued at about $28,000. Nomura Asset Management Co. Ltd. boosted its position in Atlantic Union Bankshares by 78.8% during the 3rd quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company's stock valued at $35,000 after acquiring an additional 410 shares in the last quarter. Smartleaf Asset Management LLC grew its holdings in shares of 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 acquiring an additional 699 shares during the period. GAMMA Investing LLC raised its position 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 acquiring an additional 284 shares in the last quarter. Finally, Venturi Wealth Management LLC purchased a new position in shares of Atlantic Union Bankshares in the 4th quarter valued at approximately $91,000. 78.58% of the stock is currently owned by institutional investors.
Wall Street Analyst Weigh In
A number of equities analysts have issued reports on AUB shares. Keefe, Bruyette & Woods decreased 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 research note on Monday, January 13th. They issued an "overweight" rating and a $51.00 price target for the company. Finally, Hovde Group dropped their price objective on shares of 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. 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 data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $43.20.
Read Our Latest Stock Report on Atlantic Union Bankshares
Atlantic Union Bankshares Stock Down 2.3 %
AUB stock traded down $0.59 during trading on Monday, hitting $24.91. 2,434,504 shares of the stock traded hands, compared to its average volume of 795,327. The stock has a market cap of $2.25 billion, a price-to-earnings ratio of 10.88 and a beta of 0.80. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. Atlantic Union Bankshares Co. has a 1 year low of $24.14 and a 1 year high of $44.54. The firm's 50 day moving average is $34.30 and its two-hundred day moving average is $37.33.
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 issued a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 dividend on an annualized basis and a yield of 5.46%. Atlantic Union Bankshares's payout ratio is currently 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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