William Blair Investment Management LLC Boosts Stake in Atlantic Union Bankshares Co. (NASDAQ:AUB)

William Blair Investment Management LLC lifted its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB - Free Report) by 24.0% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 959,462 shares of the company's stock after acquiring an additional 185,662 shares during the period. William Blair Investment Management LLC owned 1.07% of Atlantic Union Bankshares worth $36,344,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Natixis Advisors LLC boosted its stake in Atlantic Union Bankshares by 24.2% in the 3rd quarter. Natixis Advisors LLC now owns 60,782 shares of the company's stock worth $2,290,000 after purchasing an additional 11,832 shares during the period. Wesbanco Bank Inc. boosted its position in shares of Atlantic Union Bankshares by 37.3% during the fourth quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company's stock worth $2,375,000 after acquiring an additional 17,035 shares during the last quarter. Stifel Financial Corp boosted its position in shares of Atlantic Union Bankshares by 1.3% during 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. Dynamic Technology Lab Private Ltd purchased a new position in Atlantic Union Bankshares during the third quarter valued at $591,000. Finally, BNP Paribas Financial Markets increased its holdings in Atlantic Union Bankshares by 95.5% in the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company's stock valued at $1,331,000 after acquiring an additional 17,265 shares during the last quarter. Hedge funds and other institutional investors own 78.58% of the company's stock.

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Atlantic Union Bankshares Trading Down 0.9 %

Shares of NASDAQ:AUB traded down $0.30 during trading on Friday, reaching $31.99. The company's stock had a trading volume of 3,257,744 shares, compared to its average volume of 680,240. The firm's 50 day simple moving average is $36.01 and its two-hundred day simple moving average is $38.01. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. Atlantic Union Bankshares Co. has a 12 month low of $30.43 and a 12 month high of $44.54. The stock has a market capitalization of $2.87 billion, a PE ratio of 13.97 and a beta of 0.91.

Atlantic Union Bankshares Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, February 28th. Investors of record on Friday, February 14th were issued a dividend of $0.34 per share. The ex-dividend date was Friday, February 14th. This represents a $1.36 annualized dividend and a yield of 4.25%. Atlantic Union Bankshares's payout ratio is presently 59.39%.

Wall Street Analyst Weigh In

A number of research analysts have recently weighed in on AUB shares. Hovde Group cut their price objective on Atlantic Union Bankshares from $46.00 to $40.00 and set an "outperform" rating for the company in a research report on Monday. Piper Sandler assumed coverage on Atlantic Union Bankshares in a research note on Monday, January 13th. They set an "overweight" rating and a $51.00 price target for the company. Finally, Keefe, Bruyette & Woods reduced their price objective on Atlantic Union Bankshares from $46.00 to $44.00 and set a "market perform" rating on the stock in a research note on Thursday, January 30th. One analyst has 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 an average rating of "Moderate Buy" and an average price target 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.