Sei Investments Co. Buys 239,325 Shares of Atlantic Union Bankshares Co. (NASDAQ:AUB)

Sei Investments Co. lifted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 63.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 616,796 shares of the company's stock after purchasing an additional 239,325 shares during the period. Sei Investments Co. owned 0.69% of Atlantic Union Bankshares worth $23,364,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. American Century Companies Inc. lifted its holdings in Atlantic Union Bankshares by 3,195.3% in the 4th quarter. American Century Companies Inc. now owns 1,056,073 shares of the company's stock worth $40,004,000 after purchasing an additional 1,024,025 shares during the last quarter. Quantbot Technologies LP acquired a new stake in shares of Atlantic Union Bankshares in the fourth quarter worth $2,605,000. Sandy Spring Bank boosted its holdings in shares of Atlantic Union Bankshares by 598.2% during the 4th quarter. Sandy Spring Bank now owns 38,654 shares of the company's stock worth $1,464,000 after buying an additional 33,118 shares during the period. Xponance Inc. grew its stake in Atlantic Union Bankshares by 9.5% in the 4th quarter. Xponance Inc. now owns 6,424 shares of the company's stock valued at $243,000 after buying an additional 556 shares during the last quarter. Finally, Intech Investment Management LLC raised its holdings in Atlantic Union Bankshares by 169.8% in the 4th quarter. Intech Investment Management LLC now owns 37,671 shares of the company's stock worth $1,427,000 after acquiring an additional 23,711 shares during the period. 78.58% of the stock is currently owned by institutional investors.

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Wall Street Analyst Weigh In

AUB has been the subject of a number of recent analyst reports. Keefe, Bruyette & Woods decreased their price target on shares of 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. Hovde Group decreased their target price on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research note on Monday, March 17th. Finally, Piper Sandler began coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They issued an "overweight" rating and a $51.00 price target on the stock. One analyst has rated the stock with a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $43.20.

Atlantic Union Bankshares Stock Performance

Shares of AUB traded down $0.99 during trading hours on Friday, reaching $30.69. 1,361,628 shares of the company traded hands, compared to its average volume of 737,307. Atlantic Union Bankshares Co. has a 1-year low of $30.31 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 cap of $2.77 billion, a P/E ratio of 13.40 and a beta of 0.91. The stock's fifty day moving average is $35.40 and its 200 day moving average is $37.75.

Atlantic Union Bankshares Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were given a $0.34 dividend. The ex-dividend date was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 4.43%. Atlantic Union Bankshares's dividend payout ratio (DPR) is currently 59.39%.

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.