Proficio Capital Partners LLC Takes Position in Atlantic Union Bankshares Co. (NASDAQ:AUB)

Proficio Capital Partners LLC purchased a new position in Atlantic Union Bankshares Co. (NASDAQ:AUB) during the fourth quarter, Holdings Channel.com reports. The fund purchased 10,341 shares of the company’s stock, valued at approximately $392,000.

Other institutional investors have also bought and sold shares of the company. R Squared Ltd bought a new position in Atlantic Union Bankshares during the fourth quarter worth about $28,000. Nomura Asset Management Co. Ltd. lifted its stake in shares of 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 buying an additional 410 shares in the last quarter. Smartleaf Asset Management LLC boosted its holdings in Atlantic Union Bankshares by 186.4% in the 4th quarter. Smartleaf Asset Management LLC now owns 1,074 shares of the company’s stock worth $41,000 after buying an additional 699 shares during the period. GAMMA Investing LLC raised its stake in shares of Atlantic Union Bankshares by 27.3% during the 4th 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 period. Finally, Quest Partners LLC purchased a new position in Atlantic Union Bankshares during the 3rd quarter valued at about $56,000. Hedge funds and other institutional investors own 78.58% of the company’s stock.

Analyst Ratings Changes

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

Atlantic Union Bankshares Price Performance

Shares of Atlantic Union Bankshares stock opened at $32.42 on Wednesday. The business’s 50-day moving average price is $35.79 and its 200-day moving average price is $37.87. The firm has a market capitalization of $2.91 billion, a PE ratio of 14.16 and a beta of 0.91. Atlantic Union Bankshares Co. has a 12 month low of $30.43 and a 12 month 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.

Atlantic Union Bankshares Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, February 28th. Shareholders of record on Friday, February 14th were paid a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 4.19%. The ex-dividend date was Friday, February 14th. Atlantic Union Bankshares’s dividend payout ratio (DPR) is presently 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.