Atlantic Union Bankshares Co. (NASDAQ:AUB) Shares Bought by AlphaQuest LLC

AlphaQuest LLC increased its holdings in Atlantic Union Bankshares Co. (NASDAQ:AUB) by 883.6% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 14,607 shares of the company’s stock after buying an additional 13,122 shares during the quarter. AlphaQuest LLC’s holdings in Atlantic Union Bankshares were worth $553,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of AUB. Natixis Advisors LLC grew its stake in shares of Atlantic Union Bankshares by 24.2% during 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. grew its stake in shares of Atlantic Union Bankshares by 37.3% during the 4th quarter. Wesbanco Bank Inc. now owns 62,700 shares of the company’s stock worth $2,375,000 after purchasing an additional 17,035 shares during the period. Stifel Financial Corp grew its stake in shares of Atlantic Union Bankshares by 1.3% during the 3rd quarter. Stifel Financial Corp now owns 32,485 shares of the company’s stock worth $1,224,000 after purchasing an additional 428 shares during the period. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Atlantic Union Bankshares during the 3rd quarter worth approximately $591,000. Finally, BNP Paribas Financial Markets grew its stake in shares of Atlantic Union Bankshares by 95.5% during the 3rd quarter. BNP Paribas Financial Markets now owns 35,346 shares of the company’s stock worth $1,331,000 after purchasing an additional 17,265 shares during the period. Institutional investors and hedge funds own 78.58% of the company’s stock.

Atlantic Union Bankshares Trading Up 0.5 %

Shares of NASDAQ:AUB opened at $32.05 on Thursday. Atlantic Union Bankshares Co. has a 1 year low of $30.43 and a 1 year high of $44.54. The firm has a market capitalization of $2.88 billion, a price-to-earnings ratio of 13.99 and a beta of 0.91. The company has a debt-to-equity ratio of 0.13, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50 day moving average price is $36.53 and its 200-day moving average price is $38.29.

Atlantic Union Bankshares Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Friday, February 28th. Shareholders 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 4.24%. Atlantic Union Bankshares’s payout ratio is currently 59.39%.

Analyst Ratings Changes

AUB has been the topic of a number of analyst reports. Hovde Group dropped their price objective on shares of Atlantic Union Bankshares from $47.00 to $46.00 and set an “outperform” rating on the stock in a research note on Monday, January 27th. Keefe, Bruyette & Woods decreased their target price on Atlantic Union Bankshares from $46.00 to $44.00 and set a “market perform” rating on the stock in a research report 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 target price on the stock. One investment 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 stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $44.40.

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.