Atlantic Union Bankshares Co. (NASDAQ:AUB) Stock Position Raised by Amundi

Amundi lifted its stake in shares of Atlantic Union Bankshares Co. (NASDAQ:AUB) by 186.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 45,328 shares of the company’s stock after purchasing an additional 29,522 shares during the period. Amundi’s holdings in Atlantic Union Bankshares were worth $1,654,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. R Squared Ltd purchased a new position in Atlantic Union Bankshares in the 4th quarter worth about $28,000. Nomura Asset Management Co. Ltd. increased its position in shares of Atlantic Union Bankshares by 78.8% in the third quarter. Nomura Asset Management Co. Ltd. now owns 930 shares of the company’s stock worth $35,000 after acquiring an additional 410 shares in the last quarter. Smartleaf Asset Management LLC raised its holdings in shares of Atlantic Union Bankshares by 186.4% during the fourth quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock valued at $41,000 after acquiring an additional 699 shares during the period. GAMMA Investing LLC lifted 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 valued at $50,000 after acquiring an additional 284 shares in the last quarter. Finally, Quest Partners LLC acquired a new position in Atlantic Union Bankshares in the 3rd quarter worth approximately $56,000. 78.58% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Hovde Group cut their target price 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. 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 research note on Thursday, January 30th. Finally, Piper Sandler initiated coverage on Atlantic Union Bankshares in a research report on Monday, January 13th. They set an “overweight” rating and a $51.00 price objective for the company. One analyst has rated the stock with a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $43.20.

Atlantic Union Bankshares Price Performance

Shares of NASDAQ:AUB opened at $32.63 on Tuesday. The firm has a market cap of $2.93 billion, a price-to-earnings ratio of 14.25 and a beta of 0.91. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 0.13. The business has a fifty day simple moving average of $36.25 and a 200 day simple moving average of $38.13.

Atlantic Union Bankshares Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Friday, February 28th. Stockholders of record on Friday, February 14th were issued a dividend of $0.34 per share. The ex-dividend date of this dividend was Friday, February 14th. This represents a $1.36 annualized dividend and a dividend yield of 4.17%. Atlantic Union Bankshares’s dividend payout ratio 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.